BevNET
With Greenhouse Program, PepsiCo Hopes to Help Brands Sprout
The soda and snack giant’s food and beverage accelerator, already launched in Europe, yesterday announced the nine brands to join the program’s inaugural North American class.
Carol Ortenberg
Posts by Carol Ortenberg
VMG Looks to China with Hillhouse Capital Partnership
Investment fund VMG and Asian venture firm Hillhouse Capital announced today that the two firms will each allocate $100 million of capital to co-invest in consumer brands that hope to expand their global outreach -- particularly in China.
Kite Hill Raises $40M: CEO Says Rate Limiting Factor is ‘Time and Space Continuum’
The round was led by existing investors, including General Mills’ venturing arm 301 Inc. CAVU Venture Partners, and (according to an SEC filing) Whole Foods Market.
As Pilotworks Shuts Down, New Brands Face Uncertain Future
“Distributed kitchen” startup brand incubator Pilotworks abruptly ceased operations nationwide this weekend, leaving hundreds of food and beverage businesses without production and storage facilities or distribution to retail outlets.
Post WFM, Truesdell Joins Almanac & Ramps Up Canopy Copacker
At Almanac Insights, former Whole Foods Market global director of brands Elly Truesdale will help the firm evaluate possible investments and advise portfolio brands, which includes beverage makers Spindrift and New Barn.
Hu Founder Shuts Down MultiBillion Dollar Fund to Focus on Health and Wellness
Jason Karp, CEO and founder of hedge fund Tourbillon Global Master Fund, Ltd (TGMF), announced earlier this week that he will be shutting down the multibillion dollar fund and returning roughly $1 billion dollars of capital to investors.
Expo East 2018 Video: Editors’ Recap
In this video, NOSH editor Carol Ortenberg and BevNET assistant editor Martin Caballero explore some of the major themes and trends from Natural Products Expo East 2018 across food and beverage, including the rise of sparkling teas, the plant-based category’s maturation, and some of the most innovative products from this year’s show.
Fueling the Fire: CAVU Invests $8M in Kettle and Fire
Can bone broth be the next kombucha? Investment group CAVU Venture Partners thinks so. The fund announced today an $8 million series A investment in upstart bone broth brand, Kettle and Fire
Bundle Acquired by 1908, Expands Product Portfolio
Boulder-based 1908 brands announced today that is has acquired prenatal and lactation nutrition brand Bundle Organics. The deal comes as Bundle announces new products to take the company beyond teas and beverages and into other popular food categories.
Urban Remedy Looks Beyond California
In recent years, Urban Remedy has expanded distribution beyond Northern California into major urban markets statewide, while establishing a partnership to co-pack private label high pressure processed (HPP) juices for Whole Foods stores on the West Coast.
ACG Closes $350M Fund to Invest in ‘Rising Star’ Brands
Private equity firm Alliance Consumer Growth, which includes beverage maker Suja in its portfolio of investments, announced this week the close of its fourth fund at $350 million.
Rampolla Departs Beanfields as Califia Exec Steps Up
Snack brand Beanfields announced today that Mark Rampolla, founder of coconut water brand Zico, has left his role as CEO of the company and former Califia Farms executive Arnulfo Ventura has stepped into the role.
Dean Foods Acquires Majority Share of Good Karma
Dean Foods Company announced today that it has increased its ownership percentage and taken a majority stake in flax-based dairy brand Good Karma. The investment marks a return to plant-based products for the dairy producer.
GoodBelly Lands $12M Round, Led By 301 Inc.
Today NextFoods Inc, the producer of GoodBelly Probiotics, announced the close of a $12 million round of funding led by 301 Inc, the venture arm of General Mills.
