In This Issue:

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

Food Venture Financing Trends

• Hyfé raised a $9 million seed round led by Synthesis Capital to transform food processing wastewater into feedstocks for biomanufacturing and clean water.
• Vindara, a developer of seeds for vertical farming, was acquired by private equity firm Sandton Capital Partners for an undisclosed sum.
• Joyful Ventures raised a $23 million fund to make pre-seed/seed investments in sustainable protein and food technology.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is 199 Ventures.

• 199 Ventures is a corporate venture group for Hormel Foods, a global-branded food company inspired to make great food and make a difference for their consumers, customers, team members, business partners, and the communities.
• 199 Ventures partners with emerging food companies and entrepreneurs that create innovative products focused on improving the lives of consumers. Areas of focus include the following:
  • Alternative Proteins
  • Food Technology
  • Fueling Foods
  • Direct to Consumer New Business Models
• Among others, this venture group has partnered with Green Circle Foodtech Ventures, The Better Meat Co. and the Explore Cuisine.

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