In This Issue:
Food Venture Financing Trends
- Upside Foods, a cell-based meat company, announced that it raised $400 million in its Series C round. This financing is the largest round for a startup in the cell-based meat sector.
- A SHOC energy, an energy drink company that partners with Keurig Dr. Pepper for distribution, raised $29 million in its Series B financing round.
- Planetary, a foodtech company based in Switzerland, raised $8 million in its seed round. The company plans to use the funds to build a large production facility to assist other fermentation companies to create and scale their alternative protein technologies.
- Chipotle announced that it has launched a new $50 million venture fund that will target early-stage foodtech startups.
CPG Corporate Venture and Private Equity Funds
This week's featured program is Five Seasons Ventures.
- Five Seasons Ventures is a Paris-based venture capital firm founded in 2016. This VC firm backs Food and Tech entrepreneurs committed to a healthier, more sustainable, and more efficient food system.
- Five Seasons Ventures is the first European impact venture fund focused in the Food and Beverage sector. They invest in product and process innovation aimed at solving the global challenges of the food industry.
- Some of their portfolio companies include:
- Butternut Box
- Tropic Biosciences
- Yfood Labs
- Just Spices
- Yamo
- Barkyn
