In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Athletic Brewing, a nonalcoholic beer producer, announced that it raised $50 million in equity financing.
- NovoNutrients, an alternative protein startup that uses microbes to create protein in food, announced that it raised $18 million in its Series A round.
- ByBuy, a Chilean startup that produces recombinant protein from genetically engineered flies, announced that it raised a $1.4 million seed round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Capital Kitchens.
- Capital Kitchens is a shared-use commercial kitchen rental, culinary incubator, and mobile food commissary based in Texas. It creates a nurturing atmosphere for startups mixed with experienced food vendors. Capital Kitchens was named as one of the top 10 Mission Driven Incubator Kitchens in the country by Foodboro. Its target market includes:
- CPG food & beverage manufacturers
- Artisan food & beverage
- Mobile food trucks
- Caterers, personal chefs, and bakers
- Capital Kitchens has helped over 300 consumer package goods (CPG) companies, food manufacturers, caterers, chefs, and food truck businesses succeed since 2012. Examples include:
- Credo Foods
- Simmering Soup Co
- Maple & Merit
- Sezi
- Steamm Espresso
[View source.]
