Funding Acquisition and Finance News
PepsiCo Strikes Deal to Buy Siete Foods for $1.2B – Just Food
PepsiCo has confirmed a deal to buy Mexican-American snacks maker Siete Foods for a fee of $1.2 billion.
Äio Secures €6.1M for Demo Facility to Turn Sawdust Into Palm Oil & Animal Fat Alternatives – Green Queen
Estonian startup Äio has closed a €6.1M ($6.8M) funding round to build a facility for its fermentation-derived alternatives to palm oil and animal fats.
Helaina Raises $45M to Commercialize First Precision-Fermented Human Lactoferrin – Vegconomist
US precision fermentation company Helaina has raised $45 million in Series B funding to scale and commercialize its first product, effera Human Lactoferrin.
Foreverland Secures €3.4M to Develop Sustainable Carob-based Chocolate Alternatives – FoodBev Media
Foreverland, an Italian food-tech start-up, has raised €3.4 million in a seed funding round to advance its mission of creating sustainable chocolate alternatives using carob.
Qarbotech Gains $1.5M to Expand Photosynthesis Enhancing Tech Across Southeast Asia – Green Queen
Malaysian climate tech startup Qarbotech has secured $1.5M in a seed extension round to help plants absorb carbon dioxide and increase yields by 60%.
CK Snacks Acquires Peer Axium Foods in All-US Deal – Just Food
US salty snack manufacturer CK Snacks has acquired local peer Axium Foods for an undisclosed sum.
Fermtech Raises Over £325,000 in Crowdfunding for Zero-Carbon Protein – Vegconomist
Fermtech, an Oxford-based startup developing what it claims to be a zero-carbon protein, has raised over £325,000 in a crowdfunding round launched on the Crowdcube platform last month.
CDPQ Increases Stake in Saputo with CAD 378M Purchase – FoodBev Media
CDPQ has increased its stake in dairy company Saputo by purchasing shares for CAD 378 million (approx. $280 million).
Nissin Foods Buys ABC Pastry in Australia – Just Food
Nissin Foods Co. is targeting what it says is demand in Australia for Asian cuisine with a deal to buy local business ABC Pastry.
Agrana and Raiffeisen Nö-Wien Invest €5M in FoodLabs Fund – FoodBev Media
Agrana and Raiffeisen-Holding Niederösterreich-Wien have announced a joint investment of €5 million in the FoodLabs fund, a player in the European food and agricultural technology sector.
PAN Sweden & Lantmännen Receive €3.54M Funding – Vegconomist
Research center PAN Sweden has received SEK 40 million (€3.54 million) in funding from the Swedish government research council Formas, allowing it to continue its work on plant-based proteins.
Atalanta Acquires Big Picture Foods – Just Food
US-based Atalanta Corp. has snapped up clean ingredients food business Big Picture Foods.