In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- TreeHouse Foods announced that it will acquire a coffee facility and business from Farmer Brothers Company for $100 million in a deal that is expected to close in the next 60 days.
- MyForest Foods, a foodtech startup that develops mycelium bacon, announced that it raised $15 million in its Series A-2 round. Ecovative Design, the parent company of MyForest Foods, led the new financing.
- Uncommon (formerly known as Higher Steaks), a cultivated meat foodtech company based in the UK, announced that it raised $30 million in its Series A round.
- The Green Coffee Co., a consolidated arabica coffee farming company with operations based in Colombia, announced that it raised $25 million in its Series C round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Better Food Ventures.
- Better Food Ventures (“BFV”) is a venture capital firm that was founded in 2013 and is based in Menlo Park, California.
- BFV seeks to invest in early-stage, scalable, game-changing technologies across the food and agriculture sectors.
- Portfolio companies include:
- Milk Moovement
- Bountiful
- Breedr
- Four Growers
- Edifice Health
- Afresh Technologies
- Byte Technology
[View source.]