| Funding, Acquisition, and Finance Novameat Secures €17.4M in Oversubscribed Round – Vegconomist Barcelona’s Novameat, a B2B company specializing in different cuts of plant-based chicken, beef, and turkey, announces it has raised €17.4 million in an oversubscribed Series A round. US Investment Firm to Buy Europe Snacks – Just Food US investment firm One Rock Capital Partners has revealed a deal to acquire private-label snacks manufacturer Europe Snacks. General Mills Sells North America Yogurt Operations in $2 Billion Deal – Reuters General Mills is set to sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal. Earth First Food Ventures Opens $10M Funding Round for Precision Fermented Dairy via Tokenization – Vegconomist Venture capital platform Earth First Food Ventures (EFFV) has launched a $10 million Series A funding round via tokenization. New Zealand Government Invests $5.95M to Develop Cultivated Seafood – Green Queen In New Zealand, the government has poured NZ$9.6M ($5.95M) into a five-year program to develop cultivated fish products. Valio to Invest €70m Upgrading Domestic Facility – Just Food Finnish dairy group Valio is to invest around €70m ($77.1m) in upgrading the Seinäjoki milk processing plant in its domestic market. Carlsberg to Invest €100m into New Kazakhstan Facility– FoodBev Media Carlsberg plans to invest more than €100 million in building a new production facility for soft drinks in Kazakhstan as part of the strategic partnership between Carlsberg and PepsiCo. Plant-Ex Ingredients Secures £9M Investment to Drive International Expansion – Vegconomist Plant-Ex Ingredients, a UK producer of natural plant-derived flavors, colors, and extracts, has secured £9 million in funding from major investor BGF. Kellanova Sells Majority Stake in Egypt’s Bisco-Misr – Just Food US snacks manufacturer Kellanova has sold its majority stake in Egypt-based biscuit business Bisco-Misr. Hero Group Acquires Plant-Based Snacking in Multimillion-Pound Deal – Green Queen Swiss food manufacturer Hero Group has taken over vegan healthy eating brand Deliciously Ella, with owners Ella and Matthew Mills remaining at the company. MATR Foods Secures €20M From European Investment Bank – Vegconomist Danish meat alternatives producer MATR Foods has signed a €20 million loan agreement with the European Investment Bank (EIB). Molinos Río de la Plata Buys Frozen Pizza Assets from McCain – Just Food Molinos Río de la Plata, the food arm of the Argentine holding Grupo Perez Companc, has acquired a clutch of frozen-pizza assets in the country from McCain Foods. Standing Ovation Raises €3.75M in Series A+ Round – Green QueenFrench precision fermentation startup Standing Ovation has raised €3.75M in a Series A extension and appointed a new CEO to begin selling its Advanced Casein next year. Nestle to Build First Food Factory in Saudi Arabia with $72M Investment – Food Bev Media Nestlé has signed an agreement with Saudi Arabia’s MODON (the Saudi Authority for Industrial Cities and Technology Zones) to establish its first food manufacturing plant in the country. The facility, to be built in Jeddah’s Third Industrial City, will represent an investment of SAR 270 million (approx. $72 million). |