In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Ripple Foods, a plant-based milk foodtech company, announced that it raised $49 million in its recent funding round.
- PitchBook's recent Q3 2023 Foodtech report found that although over VC deals in the foodtech sector remain low, median C deal size increased by 33.3% year-over-year hitting $4 million.
- PitchBook's Foodtech report also found that recent VC deal valuations have increased 57.6% year-over-year hitting $23.6 million.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Capital Kitchens.
- Capital Kitchens is a shared-use commercial kitchen rental, culinary incubator, and mobile food commissary based in Texas. It creates a nurturing atmosphere for startups mixed with experienced food vendors. Capital Kitchens was named as one of the top 10 Mission Driven Incubator Kitchens in the country by Foodboro. It's target market includes:
- CPG food & beverage manufacturers
- Artisan food & beverage
- Mobile food trucks
- Caterers, personal chefs, and bakers
- Capital Kitchens has helped over 300 consumer package goods (CPG) companies, food manufacturers, caterers, chefs, and food truck businesses succeed since 2012. Examples include:
- Credo Foods
- Simmering Soup Co
- Maple & Merit
- Sezi
- Steamm Espresso
Links to Relevant Content and Events
ARTICLES
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