In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Conagra announced that it will sell its seafood brands, Van de Kamp and Mrs. Paul, for $55 million to High Liner Foods, a seafood producer.
- Wada FoodTech, a Japanese foodservice platform, raised $5 million in funding.
- Kumulus Water, a sustainable clean-drinking water startup, raised 3.1 million Euros in seed funding.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 199 Ventures.
- 199 Ventures is the corporate venture group for Hormel Foods, a global branded food company.
- 199 Ventures partners with emerging food companies and entrepreneurs that create innovative products focused on improving the lives of consumers. Their areas of focus include the following:
- Alternative Proteins
- Food Technology
- Fueling Foods
- Direct to Consumer New Business Models
- Among others, this venture group has partnered with Green Circle Foodtech Ventures and Explore Cuisine.
[View source.]
