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.
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.
“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.
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.
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.
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.
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
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.
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.
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.
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 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.
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.
In the past month, the three co-founders of retailer Thrive Market have announced two platforms to improve the food system and the planet. After launching Thrive Market Ventures (TMV), an investment vehicle for better-for-you brands, earlier this month, the trio announced last week the creation of a philanthropic community called Alliance for Good (AFG).
