In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Duckhorn Portfolio, a luxury wine company, announced that it was being acquired by Butterfly Equity, a Los Angeles-based private equity firm, for $1.95 billion in a cash transaction.
- Moët Hennessy, the luxury wine and spirits producer, announced a minority investment in French Bloom, a nonalcoholic sparkling wine brand.
- SnackFutures Ventures, Mondelēz International’s corporate venture capital arm, acquired a minority stake in Urban Legend, a UK-based fresh doughnut and pastry brand.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Good Food Accelerator.
- GFA, located in Chicago, provides educational programs that incorporate coaching and community networking opportunities. The organization is dedicated to engaging with underserved and underrepresented communities, ensuring that it delivers programs to groups that have not always had access.
- Since 2015, 85 companies have participated in GFA cohort programs, and currently more than 100 are registered as Members.
- GFA’s cohort programs are:
- Go To Market (G2M)
- Accelerate for Growth (A4G)
- Market Access Program (MAP)
- GFA encourages industry and business professionals to engage with their community and support entrepreneurs by becoming volunteer advisors, instructors, and mentors.
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