In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Flora Ventures, an Israel-based VC firm founded by a former Mondelēz executive, raised $50 million to support early-stage startups in the food security, sustainable agriculture, and food as medicine sectors. The fund plans to raise an aggregate $80 million.
- PepsiCo and Walmart entered into a seven-year strategic partnership to dedicate $120 million to support regenerative agriculture in North America.
- Nestlé announced that it will partner with Grassroots Carbon, a climate tech startup focused on cleantech solutions for ranchers, to promote and adopt regenerative agriculture practices in beef production and other regenerative farmland practices.
- AppHarvest, an indoor farming company that went public earlier this year, has filed for Chapter 11 bankruptcy in order to restructure its operations and seek other liquidity solutions.
- Meati Foods, a mushroom-based alternative protein startup, has officially launched in Whole Foods nationwide.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 7-Ventures.
- 7-Ventures, LLC, is the 7-Eleven® corporate venture arm focused on discovering, partnering and investing in startups that complement 7‑Eleven’s mission of convenience.
- Portfolio companies include:
- Super Coffee
- Adrenaline Shoc
- BellyCard
- KeyMe
- PayNearMe
- 7-Ventures invests in early-stage food and beverage businesses as well as convenient services to anticipate and respond to the ever-changing consumer. Its portfolio companies gain access to the 7-Eleven business system, offering guidance with commercial distribution, operations support, product development, marketing, insights, and analytics.
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