In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Above Food, an agriculture, ingredients and plant-based company based in Canada, announced that it plans to go public through a SPAC deal valued at $319 million in the second half of 2023.
- Pluckk, a fresh-food emerging brand based in India, announced that it acquired KOOK, an Indian startup that offers efficient meal kits, for a deal valued at $1.3 million.
- KoRo, a ‘better-for-you’ foodtech company, announced that it raised 20 million Euros in its Series B offering.
CPG Corporate Venture and Private Equity Fund
This week's featured food business incubator and accelerator is Rutger’s Food Innovation Center.
- The Food Innovation Center at Rutgers University is a unique food business incubator and accelerator that is a unit of the Rutgers New Jersey Agricultural Experiment Station (NJAES). The Center supports established early stage entrepreneurs and existing food companies from concept to commercialization.
- Rutger’s Food Innovation Center provides business, marketing, food safety, product design and scale up expertise within FDA and USDA certified facilities.
- Some companies that have been assisted by Futger’s Food Innovation Center:
- Topos Teas
- The Hain Celestial Group, Inc.
- Dr. Schar USA, Inc.
- First Field
- Caldo Hot Sauce
