In This Issue:

Food Venture Financing Trends

  • Although consumers have started returning to grocery stores, demand has not reached pre-pandemic levels according to a recent report by
  • Better Juice, a foodtech company that naturally reduces sugars from fruit juices, raised $8 million in its recent funding round, a further indication of consumers' preferences for healthier diets and reduced sugar intake.
  • The IPO market is becoming increasingly receptive to food and beverage companies. Chobani announced that it filed a confidential registration statement with the SEC in preparation for its public offering.
  • Plant-based meat companies continue to expand their market share and financial reserves. Aleph Farms, a cell-based cultivated meat startup, closed its $105 million Series B round. Meati, a whole-cut meat alternative startup, raised $50 million in its Series B round.

CPG Corporate Venture and Private Equity Funds

This week's featured corporate venture and private equity fund is Chobani Incubator.

  • Chobani Incubator gives startups investment capital and access to its network and expertise in order to scale operations and achieve significant growth.
  • Chobani Incubator looks for:
    • Companies creating delicious, nutritious, natural and accessible food
    • Purpose-driven companies that want to deliver better food to more people
    • Products that are accessible and affordable to all
  • Representative companies include:
    • A Dozen Cousins
    • Sherpa Foods
    • Soñar!™
    • Bread SRSLY'
    • Holmes Mouthwatering Applesauce