Food Venture Financing News - Weekly Issue No. 186

In This Issue:

• Food Venture Financing Trends
• CPG Corporate Venture and Private Equity Funds

Food Venture Financing Trends

• Aloha, a plant-based protein food manufacturer, has announced that it received $68 million in financing for a significant minority stake in the company.

• SuperK, an Indian franchised retail chain startup that enhances retail shopping (including grocery shopping) for small towns, announced that it has raised $6 million in Series A funding.
• Poseidon Ocean Systems, a Canadian aquaculture technology company, announced that it has raised $20.75 million in Series B funding.
• Orchard Robotics, a company specializing in robots and AI for precision crop management, announced that it has raised $3.8 million in funding.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is PepsiCo Ventures Group.

• The PepsiCo Ventures Group, the venture capital arm of PepsiCo, aims to foster the development of forward-thinking and progressive businesses. This group collaborates with companies on strategy, growth, innovation, and the critical fundamentals of analytics, focusing specifically on the food and beverage category management.
• One of its initiatives, the Greenhouse Accelerator, is a collaborative program designed to support the growth of emerging and sustainable brands within the food and beverage industry.
  • Since 2017, the program has expanded its reach across the United States, Middle East and North Africa (MENA), Europe and Sub-Saharan Africa (ESSA), and the Asia Pacific (APAC) region, as well as Hispanic owned and focused companies.
  • The program offers grants, mentorship, and opportunities for participants to accelerate sustainable and breakthrough innovations.

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