In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Hershey announced that it plans on acquiring LesserEvil, a better-for-you popcorn brand, for approximately $750 million.
- GrubMarket, a San Francisco based food logistics company, has raised $50 million in funding to accelerate the growth of its business, enhance its artificial intelligence (AI) software, and extend the reach of its B2B software solutions for the food supply chain industry.
- Brevel, an alternative protein startup, announced that it raised $5 million in its seed extension round.
CPG Cocrporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is CircleUp Growth Partners.
- CircleUp Growth Partners is an early stage consumer investment fund, founded in 2012, based in San Francisco, California. It has a data-driven, scalable approach to investing. It has invested in companies across a variety of categories ranging from food and beverage to beauty, pet, household products, restaurants, and apparel.
- One of its highlights is the proprietary machine learning platform – Helio, which collects and analyzes billions of data points across more than 1.2 million companies to understand and predict their future success.
- A few of the companies backed by CircleUp include:
- Nutpods
- Kettle & Fire
- 4505 Meats
- Halo Top
- Partake
- Nom Nom
- Pop&Bottle
[View source.]
