In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- David, a protein bar emerging brand, announced that it raised $75 million in its Series A round.
- NoMy, a Norwegian mycoprotein startup, raised 1.25 million Euros in funding.
- Post Holdings purchased the remaining equity stake of 8th Avenue Food & Provisions, Ronzoni pasta brand owner, for $880 million.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Pascual Innoventures..
- Pascual Innoventures is an innovation arm of Pascual, one of the biggest Spanish food and beverage corporations. It creates alliances with startups that share the same philosophy; anticipating global food needs and giving back to society.
- Pascual Innoventures launched the first global incubation program for cellular agriculture technologies in the dairy industry called "MYLKCUBATOR."
- The Mylkcubator 2.0 Program aims to support highly innovative startups specializing in the transformation of the food value chain for the production of dairy alternatives using cellular agriculture.
- Each year, most disrupting startups are chosen to join a 6-month hybrid incubation program. Once selected, the participants will be able to test their products. The program details are available at https://mylkcubator.com/.
- Portfolio companies include:
- Andala
- Zero Cow Factory
- DeNovo Foodlabs
- Ergo Bioscience
- MAOLAC
[View source.]
