Food Venture Financing News - Weekly Issue No. 156

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In This Issue:

 

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

  • 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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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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