A food maker’s recently announced venture capital fund has made its first investment. Eighteen94 capital, the VC fund of Battle Creek-based Kellogg Company, said last month it led a $4.25-million Series A funding of Kuli Kuli, an Oakland, California-based maker of moringa-based products. read full article
Topic: Venture Capital
Tyson Foods appears to be the first big meat company to invest in a business that, among other things, aims to reduce consumption of chicken, beef and pork by replacing it with plant proteins.
Tyson, the country’s largest meat processor, announced last week that it was investing an undisclosed amount for a 5 percent stake in Beyond Meat, a company based in El Segundo, Calif., that makes “meats” from protein sources like soy and peas.
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Tyson Foods Inc., the largest U.S. meat company by sales, on Monday said it took a 5% stake in Beyond Meat, a purveyor of plant-based burger patties that seek to replicate the taste and sizzle of ground beef. read full article
Terramera Inc., a Vancouver, Canada-based company with a technology for pest and disease control, raised a venture capital funding round.
The amount of the deal was not disclosed.
The company intends to use the capital to get products to market and increase R&D efforts.
Backers included Ikea GreenTech, an IKEA Group venture capital company, Seed 2 Growth Ventures (S2G), ACA Investments, Bold Capital Partners, Renewal Funds, Maumee Ventures and Export Development Canada (EDC). read full article
Blue Prairie Brands Inc., a Scottsbluff, Neb.-based “functional food” startup, has raised $6 million in Series A funding. S2G Ventures led the round, and was joined by Middleland Capital, DSM Venturing, Invest Nebraska and an unidentified “strategic venture fund.” read full article