In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Orchard Robotics, an agtech startup, has raised a $22 million Series A round.
- Finnish Food Factory, a food manufacturing company specializing in plant-based products, has raised €10 million.
- FarmLab, an agtech company, acquired Ziltek, an Australian company known for its portable, in-field soil scanner, RemScan.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 1st Course Capital.
- 1st Course Capital ("1CC") is an early stage venture capital firm that invests in innovative business models and technologies that change "how we grow, produce, and distribute food."
- The portfolio companies include the following:
- BlueCart: Powering B2B e-commerce solutions for the foodservice industry
- Bobbie: Infant formula produced using clean and transparent ingredients
- Ellement: Personalized prenatal supplements and customized support
- AgriDigital: Commodity trading platform remaking the supply chain for improved traceability and margins for farmers
- Dispatch Goods: Reverse logistics company offering re-usable packaging for restaurant delivery and takeout
- Maev: Building the future of dog care
[View source.]