In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- First Water, a salmon farming startup, has raised $43 million in its latest funding round, facilitating its efforts to develop a system that supports seafood production while minimizing environmental impact.
- INTAKE, a B2C and B2B food innovation company founded in 2013, has raised $13.5 billion in Series C funding to accelerate its alternative protein business.
- AgroStar, an agritech startup based in India, raised $6.7 million in its latest funding round, led by Accel India.
CPG Cocrporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is PNC Group.
- PINC is Paulig's (a Finland-based, family-owned food and beverage company) venture capital arm for early stage investments in the future of food.
- PINC's primary investment focus includes the following:
- Pre-seed & seed
- Scalable to 10-50+ MEUR within 5-10 years
- Nordics but open to Europe
- High degree of innovation in Taste, Health, Sustainability or Availability
- PINC's portfolio includes the following:
- OlsAro – Agtech startup securing wheat supply through AI-enabled crop-breeding
- WIN WIN – producer of the world’s first cocoa-free alternative to chocolate
- Melt & Marble – next generation of plant-based fat
- Kaffe Bueno – upcycling of coffee waste into high value ingredients
[View source.]
