In This Issue:
Food Venture Financing Trends
- Keurig Dr Pepper announced that it plans to acquire GHOST, an energy drink brand, for $1 billion.
- J.M. Smucker will plan to sell its Voortman cookie business to Second Nature Brands for $305 million.
- Stellapps Technologies, a dairytech startup, announced that it raised $26 million in Series C equity and debt round.
- Agtonomy, an AI software agtech startup, announced that it raised $10 million in its Series A round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Fonterra Ventures Co-Lab.
- In 2016, Fonterra, the world's largest dairy exporter, launched the Fonterra Ventures Co-Lab. This open platform is designed to establish potential partnerships with entrepreneurial individuals and businesses.
- Through its platform, Fonterra Ventures encourages the submission of innovative ideas and concepts from both startups and large corporations in various domains, including new technologies, services, and business models, to promote mutual benefits.
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