In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- PepsiCo announced that it plans to acquire Sabra and Obela dip brands from Strauss Group for approximately $244 million.
- Oishii, an indoor vertical farming startup, raised $16 million in funding.
- Cradle Bio, an AI-powered protein engineering startup, announced that it raised $73 million in its Series B round.
- B'ZEOS, a startup that develops seaweed-based packaging, announced that it closed its seed round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Five Seasons Ventures (FSV).
- FSV is a Paris-based venture fund investing in food and beverage consumer food brands that emphasize environmental sustainability. FSV targets Series Seed to Series B European startups and invests in the range of €2-10M.
- FSV's portfolio companies include:
- Air Up, maker of the scent-based taste drinking system
- THIS, producer of plant-based meat offerings (such as chicken and bacon) targeting flexitarians, which emphasizes healthful ingredients and environmental responsibility
- DASH Water, maker of ethically sourced, fruit-infused water
