The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
Nordic Foodtech hits €40m first closing of second fund
Nordic Foodtech VC has announced the first closing of its second fund at €40m, with the final target size for the fund set at €80m. The...
InvestBev makes six-figure investment in Lucky Energy Drinks as part of expansion into functional and wellness market
Adult beverage private equity firm InvestBev has announced a six-figure investment in clean energy drink brand Lucky Energy Drinks.
Geary’s Bakery invests £36m in new sourdough factory
Geary’s Bakery, the family-run business behind Jason’s Sourdough, has unveiled a new £36 million custom-built bakery in Leicester, UK, to meet the rising nationwide demand for artisanal bread.
US protein bar brand David secures $75m in Series A round, acquires food-tech group Epogee
US-based food brand David has secured $75 million in a Series A funding round led by Greenoaks, with participation from Valor Equity Partners.
Nestlé to invest BRL 500m in Brazil’s Nescafé site
Nestlé has announced a BRL 500 million (approx. $88.3 million) investment in Brazil through 2028 to expand its coffee production, grow its fleet of Nestlé Professional machines and accelerate innovation in response to changing consumer habits.
JBS USA to invest $135m in new sausage plant in Iowa
JBS USA has announced plans to invest $135 million to build a new sausage production facility in Perry, Iowa.
Arca Continental opens MXN 1.4bn distribution centre in Jalisco
Arca Continental has opened a new distribution centre in Tonalá, Jalisco, following a MXN 1.4 billion (approx. $72.4 million) investment.
Final Boss Sour secures $4m in seed funding, expands product line with tropical flavours
Final Boss Sour, a gaming-themed snack brand known for its healthier sour alternatives, has announced the successful completion of a $4 million Seed 2 funding round.
General Mills projects $130m in charges for global transformation initiative
General Mills has approved a multi-year global transformation initiative aimed at boosting productivity through enhanced business processes and targeted organisational changes.
Beyond Oil raises over CAD 10.6m to support global expansion
Food-tech company Beyond Oil has raised CAD 10.64 million (approx. $7.67 million) through a brokered private placement to accelerate its global growth plans and support product distribution.
PepsiCo doubles investment to build largest snack plant in Central Asia
PepsiCo plans to more than double its investment in a snack production plant in Kazakhstan’s Almaty Region, positioning it as the largest facility of its kind in Central Asia and marking the company’s first greenfield project in the region.
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