In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Danone announced that it plans to sell its Horizon Organic and Wallaby Brands businesses to Platinum Equity, an investment firm, for an undisclosed amount. Danone will continue to retain a minority equity stake in the businesses after the sale.
- Fasal, an agritech innovative startup, announced that it raised approximately $12 million in its Series A round.
- The Invasive Species Corp, an agritech startup that develops biological solutions to target invasive species, announced that it raised $2.5 million in its pre-seed round.
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, The Better Meat Co. and the Explore Cuisine.
Links to Relevant Content and Events
ARTICLES
- Gene-Edited Food Startup Ohalo Emerges From Stealth as AgTech Pioneer Dave Friedberg Takes the Helm
- 2024 AgTech Predictions: 5 Trends To Watch
- Food Tech Investment Outlook Positive Despite 2023 Declines
- Perfect Day Founders Step Away as Company Finalizes $90 Million Pre-Series E, Installs Interim CEO
- Perfect Day launches Pre-Series E Round, Announces Leadership Changes
- Carbon Removal Startup Standard Biocarbon Raises $5 Million to Launch U.S. Biochar Production Facility
UPCOMING EVENTS
Naturally North Bay
2024 Legal Update for HR Professionals
Tuesday, January 16 | 12:00 p.m. – 1:00 p.m. PT
Tune in to Naturally North Bay's lunch time Human Resources Forum to learn about the most relevant laws and case decisions from 2023, to inform your workplace for 2024 and beyond.
Speakers:
- Jennifer Douglas, Managing Partner at Dickenson Peatman & Fogarty
- Samantha Pungprakearti, Attorney at CMPR Law
Naturally New York
A Primer on Asset Based Lending (ABL) presented by SG Credit Partners
Wednesday, January 17 | 2:00 – 3:00 p.m. ET
In today's challenging fundraising environment, companies are relying more and more on debt to finance their growth. Asset-based lending (ABL) offers a unique and flexible way to borrow against company assets and fund ongoing operations.
Join Evan Waggoner from SG Credit Partners to learn about and better understand the world of ABL, including which business models are best suited for this type of lending arrangement, the mechanics of the ABL structure, and when in the growth-stage it makes sense to consider ABL as a primary source of working capital.
Speakers:
- Evan Waggoner, Director of SG Credit Partners
Naturally North Bay and Naturally Bay Area
Aligning the Dots... The Secret to Grow Any Business
(for Founders, Owners or Executives of CPG Brands)
Invitation Only Event
Friday, January 19 | 7:30 – 9:30 a.m. PT
Location: Hotel E, Old Courthouse Square 37, Santa Rosa, CA
One of the most vexing challenges many businesses face is how to grow. Dr. Philippe Bouissou's talk introduces a new universal, simple, prescriptive methodology to grow any business. This new way of cutting the Gordian growth knot emerged from Dr. Bouissou's discovery a few years ago. The breakthrough came from earning his Ph.D. in non-linear physics in chaos theory, working directly for Steve Jobs at Apple, and learning valuable lessons from his time as a successful Venture Capitalist. That discovery profoundly changed how he looks at any business and how he changes its growth trajectory.
Speakers:
- Philippe Bouissou, CEO of Blue Dots Partners, LLC
Naturally Chicago
Getting on the Shelves and Succeeding at Costco
Tuesday, January 23 | 1:30 – 2:45 p.m. CT
With 107 warehouse stores in its 13-state Midwest region, Costco can be a partner with which emerging Natural Products brands can grow. To provide the big picture on these opportunities, Naturally Chicago is presenting Getting on the Shelves and Succeeding at Costco, a free webinar on Tuesday, January 23, 1:30-2:45 p.m. central.
Speakers:
- Amy Haugrud Becker, Assistant General Merchandise Manager at Costco Wholesale Midwest Region
- Amy Kurzawski, Founder/Chief Creative Officer of Amylu Foods
- Alex Marquis, Club National Accounts Manager at Good Foods
- Kurt Penn, Founder/CEO of Good Foods Group
- Jim Slama (moderator), Managing Director of Naturally Chicago