In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Coca-Cola announced that it signed a $1.1 billion five-year contract with Microsoft to use Microsoft’s cloud and AI services, confirming its commitment to build AI capabilities across the company’s global operations.
- Glanbia Nutritionals announced that it signed an agreement to acquire Flavor Producers for $300 million.
- Mosa Meat, a Dutch-based cultivated meat startup, announced that it raised 40 million Euros in new equity capital.
- Jago Coffee, an Indonesia-based coffee cart operator startup, announced that it raised $6 million in its Series A financing.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Be8 Ventures.
- Be8 Ventures is a Berlin-based growth stage venture capital fund with a strong commitment to innovation throughout the entire food and beverage value chain (i.e. Innovative Food, E-Grocery, Retail & Gastro Tech, Packaging & Waste) in Europe, Israel and North America.
- Be8 Ventures is funded by the Oetker group, a leading food producer in Europe.
- Some of its portfolio companies include:
- New Culture
- Melt & Marble
- Planted
- Glovo
- Bluu
[View source.]
