In This Issue:
Food Venture Financing Trends
- PepsiCo announced that is plans to acquire Poppi, a prebiotic soda brand, for $1.95 billion, which includes $300 million in tax benefits.
- BeatBox Beverages, an emerging RTD cocktails brand, announced that it received an investment from Shaquille O'Neal.
- Re:meat, an emerging food brand startup that develops cultivated meat, raised 1 million Euros in its latest funding round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Rutger's Food Innovation Center
- The Food Innovation Center at Rutgers University is a unique food business incubator and accelerator that is a unit of the Rutgers New Jersey Agricultural Experiment Station (NJAES). The Center supports established early stage entrepreneurs and existing food companies from concept to commercialization.
- Rutger's Food Innovation Center provides business, marketing, food safety, product design, and scale up expertise within FDA and USDA certified facilities to help companies successfully build and grow their business.
- Some of its clients include the following:
- Impossible
- Pure Indian Foods
- Angel Planet
- Jalma Farms
- Sundial Foods
[View source.]
