In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Campbell's is purchasing a 49% stake in La Regina, the maker of Rao's pasta sauce, for $286 million.
- All G, an Australian startup, raised $6.6 million and formed a joint venture with French dairy ingredients expert, Amor Protéines, to commercialize human and bovine lactoferrin.
- Mars Inc. completes its $36 billion acquisition of snack maker Kellanova.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Rocana Venture Partners.
- Rocana Venture Partners is a U.S.-based venture capital firm exclusively backing consumer brands focused on health, wellness, sustainability, and better-for-you food and beverage products.
- Rocana Venture Partners focuses on investments in:
- mind-body wellness
- clean label and ingredient-forward foods
- better-for-you and functional beverages
- Its portfolio includes the following:
- Kettle & Fire – a leader in slow-simmered bone broth products
- Hu Chocolate – a clean, paleo-friendly chocolate brand
- WTRMLN WTR – a plant-based beverage using "ugly" watermelons
[View source.]