In This Issue:
Food Venture Financing Trends
- Meatable, a Dutch cultivated meat startup, announced that it acquired the cultivated meat platform of Uncommon Bio.
- Post Holdings is selling the pasta portion of its recently acquired 8th Avenue Food & Provisions Division to Richardson Holdings for $375 million.
- Keychain, an AI-powered CPG manufacturing platform, announced that it raised $30 million in its Series B round.
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 six-month hybrid incubation program. Once selected, the participants will be able to test their products. The program details are available at mylkcubator.com.
- Portfolio companies include:
- Ergo Bioscience
- Zero Cow Factory
- DeNovo Foodlabs
[View source.]
