In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Fresh Del Monte, a fresh fruit and vegetable grocer, is buying a majority stake in Avolio, positioning itself in the growing avocado oil market, which is expected to expand from $637 million to a $1.2 billion business by 2032.
- Aelph Farms, an Israeli cultivated meat startup, has raised $29 million in its latest funding round to scale up their pilot facility for cultivated steaks and launch the first Aleph Cut.
- Wonder, a food delivery company, is acquiring Tastemade for $90 million, which is expected to provide Wonder with access to a content studio, production company, and advertising business. Wonder previously acquired Blue Apron and Grubhub.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 199 Ventures.
- 199 Ventures is a corporate venturing group for Hormel Foods, a global branded food company inspired to make great food and make a difference for their consumers, customers, team members, business partners, and their communities.
- 199 Ventures partners with emerging food companies and entrepreneurs that create innovative products focused on improving the lives of consumers. Their areas of focus include the following:
- Alternative Proteins
- Food Technology
- Fueling Foods
- Direct to Consumer New Business Models
- Among others, this venture group has partnered with Green Circle Foodtech Ventures and Explore Cuisine.
[View source.]
