In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Formo, a fermentation startup, announced that it raised $61 million in its Series B round.
- Keurig Dr Pepper announced that it has signed a distribution deal to sell Black Rifle Coffee's new ready-to-drink energy drinks.
- GALY, a plant cell culture startup, announced that it raised $33 million in its Series B round.
- Soil Capital, a Belgian regenerative agtech startup, announced that it raised 15 million Euros in its Series B round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is BE8 Ventures.
- Be8 Venture is a Berlin-based growth stage venture capital fund focusing on food and beverage chain with a strong commitment towards innovation throughout the entire food and beverage value chain (i.e. Innovative Food, E-Grocery, Retail & Gastro Tech, Packaging & Waste).
- Be8 Venture is funded by the Oetker Group, the leading food producer in Europe.
- This VC fund invests in growing companies that shape tomorrow's food ecosystem located in Europe, Israel, and North America.
- Some of the portfolio companies include:
- New Culture
- Planted
- Glovo
- Bluu
- Melt & Marble
