Food Venture Financing News - Weekly Issue No. 165
In This Issue:
Food Venture Financing Trends
- Nongshim, a South Korean food and beverage company, announced that it is investing $7.4 million in developing foodtech startups and technologies.
- Smuckers announced that it is selling four condiments businesses – Bick’s pickles, Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands – to TreeHouse Foods for $20 million.
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Umiami, a French plant-based foodtech company, announced that it raised 32.5 million Euros in its Series A financing.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Tiger Brands.
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Tiger Brands Ltd is a major manufacturer of branded food, home-care, and personal-care products in South Africa. Their product offering includes the following:
- Perishables
- Personal-care products and home-care products
- Snacks
- Baby care
- Beverages
- Grains and groceries and
- Out-of-home meals
- In June 2021, Tiger Brands launched Tiger Brands Venture Capital Fund, its corporate venture capital arm.
- This VC fund provides food & beverage startups access to capital and capability required to expand their business operations.
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Some of the portfolio companies include:
- Tinkies
- Ice Cap
- Hugo’s
- Albany
- Aunt Caroline
- Colman’s
- All Gold
- Fizz Pop
ARTICLES
UPCOMING EVENTS
Naturally Bay Area
Bay Area Sales & Marketing Forum: Selling Your Sustainability Story
(Members Only)
Tuesday, October 24 | 9:30 – 11:00 a.m. PT
Location: Culinary Artistas, 851 Beach Street, San Francisco, California
Join Naturally Bay Area for a discussion about Selling Your Sustainability Story.
The data is clear: today's consumers care about sustainability more than ever and want to support brands that are doing good for the planet. How can brands cut through the noise on the crowded shelf and connect with consumers in an effective way? In this round table discussion we’ll hear about your challenges and successes and share ideas on effective ways to sell your sustainability story through packaging, partnerships, social media, and more.
Naturally San Diego
Capital Markets in 2024: Finance Special Session
Thursday, October 24 | 2:00 – 3:00 p.m. PT
Join Naturally San Diego for a special session on Capital Markets in 2024 with BFG partners, Selva and Amberstone Capital to discuss their outlook going into Q1 of 2024, and what that means for your CPG bottom line.
Speakers:
- Matt Clifford (Moderator), CEO of CanDo
- Kiva Dickinson, Managing Partner at Selva Ventures
- Dayton Miller, Managing Partner at BFG Partner
- Nick Mindel, Partner at Amberston
Naturally San Diego
People + Culture Forum: How will AI shape the future of work?
Thursday, October 26 | 4:00 – 5:30 p.m. PT
Location: Bitchin' Beach Club, 4509 Adams Street, Carlsbad, California
Join Naturally San Diego for another People and Culture Forum to discuss AI and how it will shape the future of work.
- Basics of AI - What is it?
- Talk about companies that have gone through this change already - IBM
- What skills will be valuable in the future- Empathy, social skills, etc.
This event is open to those who work for a natural products brand, or those who work in the P&C departments at NSD sponsor companies.
Speakers:
- Amanda Miles, Chief of Staff at Bitchin' Sauce
- Matt Karp, Co-Founder of PxB
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