In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Agreenculture, a France-based startup, will expand production and commercial availability of its automation kits following a $7 million Series A raise.
- Swire Coca-Cola, a Coca-Cola producer and distributor, is planning to open a $475 million manufacturing plant to help it achieve its growth targets and sustainability goals.
- Anheuser-Busch InBev is paying up to $490 million for a majority stake in BeatBox Beverages.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Snack Futures.
- SnackFutures is an early stage innovation and venture hub launched by Mondelēz International in 2018 to take advantage of changing consumer trends and preferences and to unlock growth opportunities in snacking around the world.
- SnackFutures aims to bring together talent, partnerships and funding across three integrated mandates:
- Invention of new brands and businesses in key strategic areas;
- Reinvention of small-scale Mondelēz brands with large-scale potential; and
- Venturing with startup entrepreneurs to seed new businesses.
- SnackFutures has launched a new startup program called CoLab to collaborate with startups to unleash trends, talent and technologies. Mission driven snack brands are invited to apply for the 12-week program that includes a curriculum of mentoring, workshops, access to leadership and partners. For more information on CoLab, please refer to this link: SnackFutures - CoLab.
- SnackFutures has launched five brands:
- HU Products
- Craize
- celleste bio
- Torr Foodtech
[View source.]
