In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Rebellyous Foods, a plant-based chicken startup, announced that it raised $9.5 million in its recent equity financing.
- JOKR, an instant grocery delivery startup, announced that it raised over $50 million in its Series C round. The company hit a new $1.3 billion valuation after the funding.
- Morinaga Nutritional Foods, a US manufacturer of tofu, acquired Tofurky and Moocho for an undisclosed sum.
- Post Holdings announced that it plans to acquire leading dog and cat food brands from The J.M. Smucker Co. for $1.2 billion.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Eighteen94 Capital.
- Kellogg’s, the world's largest producer of branded packaged cereal and a leader in branded convenience foods, launched its venture capital arm called Eighteen94 (1894) Capital in 2016.
- 1894 Capital invests in food and food-related tech startups developing new packaging, ingredients, products and technology.
- Some of their portfolio companies include:
- Siren
- Kuli
- Ucan
- Cargo
- Myco Technology
- Taali
- Plantible
[View source.]
