In This Issue:

Food Venture Financing Trends

  • Chinova Bioworks, a Canadian food startup that creates natural clean-label preservatives from upcycled white button mushroom stems, announced that it raised $6 million in its Series A round.
  • Sapporo U.S.A., a producer of the most popular Asian beer brand in the U.S., announced that it will acquire Stone Brewing, a U.S. innovative craft beer brand, which is expected to close in August 2022.
  • Goodr, a food waste management startup company based in Atlanta, announced that it closed a $8 million funding round.
  • Food and beverage experts recently noted that while M&A and IPO deal activity will likely slow down for food and beverage companies, the foodtech sector will continue to attract investment interest in early- and late-stage financings. Alternative proteins will remain an active investment category.