In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Mondelēz International's SnackFutures Ventures, the corporate VC arm for Mondelēz, participated in a $4.5M funding round for Celleste Bio, a startup that produces cell-cultured cocoa ingredients.
- Cerve, a food supply chain startup based in London, announced that it raised £3.5M in seed funding.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 199 Ventures.
- 199 Ventures is the corporate venture group for Hormel Foods.
- 199 Ventures partners with emerging food companies and entrepreneurs that create innovative products focused on improving the lives of consumers. Their areas of focus include the following:
- Alternative Proteins
- Food Technology
- Fueling Foods
- Direct to Consumer New Business Models
- Among others, this venture group has partnered with Green Circle Foodtech Ventures and Explore Cuisine.
[View source.]
