Food industry venture financing deals total $119m in Asia-Pacific in July 2021

Total food industry venture financing deals worth $119m were announced in Asia-Pacific in July 2021, led by $50m venture financing of Tiger Attitude Chartered Pastry Bank, according to GlobalData’s deals database.

The value marked an increase of 40.9% over the previous month of $84.45m and a drop of 21.6% when compared with the last 12-month average of $151.82m.

Asia-Pacific held a 25.38% share of the global food industry venture financing deal value that totalled $468.86m in July 2021. With a 19.24% share and deals worth $90.22m, China was the top country in Asia-Pacific’s venture financing deal value across food industry.

In terms of venture financing deal activity, Asia-Pacific recorded 21 deals during July 2021, marking an increase of 90.91% over the previous month and a rise of 50.00% over the 12-month average. China recorded 12 deals during the month.

Asia-Pacific food industry venture financing deals in July 2021: Top deals

The top five food industry venture financing deals accounted for 97.7% of the overall value during July 2021.

The combined value of the top five food venture financing deals stood at $116.22m, against the overall value of $119m recorded for the month.

The top five food industry venture financing deals of July 2021 tracked by GlobalData were:

1) Tiger Attitude Chartered Pastry Bank $50m venture financing deal with GGV Capital,IDG Capital,Sequoia China Fund and Tiger Global Management

2) The $30.94m venture financing of Blueglass Yogurt by Huachuang Capital,Joy Capital,Lingbo Capital,Sidao Capital and Youshan Capital

3) Next Gen Foods $20m venture financing deal with Bits x Bites,Chris Yeh,Dele Alli,GGV Capital,K3 Ventures,Temasek Holdings (Private) and Yeo Hiap Seng

4) The $6m venture financing of FITSHIT Health Solutions by Ashneer Grover,Kalyan Krishnamurthy,Matrix Partners India,Sauce.vc,Sequoia Capital India,Shashvat Nakrani and Sujeet Kumar

5) Grandpa Xianwei $9.27m venture financing deal with Hillhouse Ventures and Source Code Capital