In This Issue:

Food Venture Financing Trends

  • Nick's, a keto-friendly ice cream company, announced that it raised $100 million in its Series C round.
  • Daring Foods, a plant-based chicken company, announced that it raised $65 million in its Series C round, which was led by Founders Fund and included celebrities such as Naomi Osaka and Cameron Newton.
  • Vejii Holdings, a plant-based vegan marketplace, announced that it plans to go public on the Canadian stock exchange.
  • Tattooed Chef, a public plant-based food company, announced that it plans to acquire Belmont Confections, a co-manufacturer or nutrition bars, for $18 million.
  • The Real Good Food Company, a grain-free frozen entrée company, is preparing to set its initial share price of its IPO between $14 to $16.

CPG Corporate Venture and Private Equity Funds

This week's featured program is 1st Course Capital.

  • 1st Course Capital ("1CC") is an early stage venture capital firm that invests in innovative business models and technologies that change "how we grow, produce, and distribute food."
  • 1CC works with a vision to create a noteworthy positive impact on human health and the health of our planet and communities. Portfolio companies include:
    • Bobbie - Infant formula produced using clean and transparent ingredients
    • AgriDigital - Commodity trading platform remaking the supply chain for improved traceability and margins for farmers
    • Dispatch Goods - Reverse logistics company offering re-usable packaging for restaurant delivery and takeout
    • Maev - Building the future of dog care