Food Venture Financing News - Weekly Issue No. 147

Davis Wright Tremaine LLP

Davis Wright Tremaine LLP

In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds

Food Venture Financing Trends

  • DouxMatok, a foodtech company that develops sugar reduction products, announced that it raised $30 million in its Series C round.
  • Wicked Kitchen announced that it acquired Current Foods, a foodtech company that creates plant-based raw seafood.
  • The Food for Climate report, a report that analyzes the foodtech and agritech sectors in Europe, found that European foodtech and agritech companies raised $1.9 billion in venture capital funding in 2022, representing a 20% increase as compared to 2021.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is Nutrition Capital Network.

  • Nutrition Capital Network (NCN) connects investors with high-potential growth companies.
  • NCN brings together active investors with curated health, wellness, and ingredient companies that are looking for capital, partnerships, or acquisitions.
  • NCN hosts five Investor Meetings each year, where selected companies give live presentations about their businesses to a group of active industry investors and mentors.
  • Representative NCN Investors include:
    • 301 Inc.
    • Abbott Nutrition
    • Abrams & Company
    • Ajinomoto Group
    • Allergy Research Group
    • Bimbo Bakeries USA
    • Amway
  • NCN uses the following criteria to evaluate potential Presenting Companies (for details, see Selection Criteria | Nutrition Capital Network):
    • Novelty and Unique Position
    • Insulation
    • Economic Potential
    • The Management Team
    • Tangibles: Good branding or brand name, good quality & taste, unique packaging or presentation
    • Intangibles: The “WOW” factor; head turning potential

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Davis Wright Tremaine LLP

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