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Food + Beverage

Food Venture Financing News - Weekly Issue No. 177

01.31.24
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In This Issue:

  • Chunk Foods, a plant-based foodtech company, announced that it raised $7.5 million in its seed extension and entered into a strategic partnership with Better Balance, a Mexican plant-based venture.
  • Infinite Roots, a German biotech startup that develops foods using mushroom mycelium, announced that it raised $58 million in its Series B round.
  • Bluewhite, an agtech startup that develops autonomous robots for tractors, announced that it raised $39 million in funding.

 

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is McCain Foods. 

  • McCain Foods is the world's largest manufacturer of frozen potato products. Based in Toronto, Canada, it also produces other quality products such as appetizers, vegetables and desserts that can be found in restaurants and retail stores in more than 160 countries.
  • McCain Foods has a significant food production network with a total of 49 production facilities globally - Canada (7), USA (9), Latin America (4), Europe (20 - 5 of which are in the UK), South Africa (2), Australia and New Zealand (5), India (1), and China (1).
  • Some of its foodservice and retail brands include the following:
    • Pickers
    • Brew City
    • Welten Snacks
    • Moore's
    • CelaVita
    • Hebro
    • Mora

 

ARTICLES

UPCOMING EVENTS

Naturally Austin
HomeRoom - Informal CPG Storytelling Workshop

Thursday, February 1 | 8:00 a.m. – 9:30 a.m. CT
Location:  Easy Tiger, South Lamar Boulevard 3508, Austin, TX

Lyn Graft (LG) going to lead an informal workshop centered on storytelling for CPG founders and executives. He will cover the reason why stories are incredibly powerful (& necessary) for founders, the definition and structure he developed over the last decade designed specifically for entrepreneurs to create a story, and the 3 most important things your story must do in order to be successful in business. LG will also provide examples of highly successful (8 & 9 figure exits) CPG founders that have used their stories to raise capital, drive sales and get press at all stages of their journey.

Register

Naturally San Diego
NSD Pre-Party at the UNFI Show, Presented by Chefs Life

Tuesday, February 6 | 6:00 p.m. – 9:00 p.m. PT
Location:  Animae, Pacific Highway 969, San Diego, CA

Join Naturally San Diego and Chefs Life for the UNFI reception party.

  • Food and Drink Catered By Animae, Downtown San Diego's buzziest Premier Steakhouse
  • Cooking Demo Led By Celebrated Chef Brian Malarkey
  • 20+ Buyers from UNFI West's Premier Accounts
  • Natural Products Brand Representatives from all over the country
  • Tickets will be limited to 125 Attendees!

All tickets on sale: January 20 - February 5

Register

Naturally Boulder
Beyond the Booth: A Blueprint for Creating Unforgettable Tradeshow Experiences

Wednesday, February 7 | 8:00 a.m. – 9:30 a.m. MT
Location:  New Hope Network, 1710 29th St, Suite 2044, Boulder, CO

It's 2024 and you're gearing up for an exciting year of trade shows, both big and small! As events like Natural Products Expo West fast approach, hear from the experts about what works and maybe doesn't work so well when you're designing your booth, connecting with buyers, and executing your overall trade show strategy. From scrappy recommendations if you don't have a ton of cash, to blowing it out of the water with your sell sheets and boothsmanship, we'll cover it all with lots of time for Q&A.

Speakers will include brand agencies, exhibitor advocates, and New Hope staff to cover any angle of questions you may have. Coffee and light breakfast items to be provided.

Register  

Naturally Bay Area
Quick Bites: 2023 Food Venture Financing Trends and 2024 Prospects

Tuesday, February 13 | 12:00 p.m. – 12:45 p.m. PT

Join Naturally Bay Area for a roundtable discussion about the financial landscape for raising capital in the food & beverage industry. We'll reflect on food venture financing trends in 2023 and discuss how the food and beverage capital markets might change in 2024. A panel of industry experts will explore the dynamics shaping the mergers and acquisitions landscape and offer an insider's take on the past, present, and future of food venture financing.

Speakers:

  • Dan Harris, Partner, Head of Corporate Practice at Braun Hagey & Borden
  • Don Buder, Partner, Food & Beverage Practice at Davis Wright Tremaine
  • Rodney Clark, Managing Partner at Aspect Consumer Partners

Register  

Naturally New York
Purchase Order Financing 101: How Brands Can Get Extra Liquidity to Fuel Future Growth Opportunities

Wednesday, February 14 | 12:00 p.m. – 1:00 p.m. ET

Have a potential order that you can't take on without financing?

Are you at risk of missing out on a potential big sale?

Do you have no or limited credit with your suppliers or contract manufacturers?

Purchase Order ("PO") Finance is a short-term alternative inventory financing option that provides incremental working capital to cash-constrained businesses. PO Finance can be an excellent complimentary finance tool to an existing or newly established accounts receivable or factoring facility. PO finance is critical for growth now more than ever to support pre-sold inventory purchases from credit-worthy buyers. PO Finance can fund up to 100% of the COGS (inclusive of freight and duties) for pre-sold inventory purchases.

Speakers:

  • Jennifer Draffkorn, Senior Portfolio Manager at Rosenthal & Rosenthal
  • Megan Slovak, Senior Underwriting Manager at Rosenthal & Rosenthal

Register  

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