In This Issue:

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

Food Venture Financing Trends

• Grupo Bimbo's venture capital fund, Bimbo Ventures, announced that it made an investment in Olyra Foods, a foodtech company that produces organic and nutritional breakfast biscuits, as part of the company’s $4 million round.
• EniferBio, a Finnish startup that produces Pekilo mycoprotein powder, announced that it raised 11 million Euros in its Series A round. The company plans to use the funds to scale its mycoprotein powder product.
• Coca-Cola India announced that it acquired a 15% stake in Hashtag Loyalty to access its food-ordering platform Thrive.

CPG Corporate Venture and Private Equity Fund

This week's featured CPG Corporate Venture and Private Equity Fund is Farm 2050.

• Farm 2050 was co-founded by Innovation Endeavors and Finistere Ventures in California. Farm2050 is committed to advancing the future of food through supporting AgTech entrepreneurs and startups.
• Farm 2050’s partners include:
  • Pepsi
  • The Wonderful Company
  • AgriTech New Zealand
  • Syngenta
  • Wells Fargo
  • John Deer
• Farm2050 brings together researchers, farmers, entrepreneurs, manufacturers, and distributors to accelerate the path for new disruptive AgTech.

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