Food industry venture financing deals total $345.4m globally in September 2021

The $97m venture financing of Good Meat was the food industry’s top venture financing deal as total deals worth $345.4m were announced globally in September 2021, according to GlobalData’s deals database.

The value marked an increase of 70.4% over the previous month of $202.78m and a drop of 13.1% when compared with the last 12-month average, which stood at $397.37m.

Comparing venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $183.11m. At the country level, the US topped the list in terms of deal value at $183.11m.

In terms of volumes, North America emerged as the top region for food industry venture financing deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of venture financing deals activity in September 2021 was the US with 14 deals, followed by the China with seven and Sweden with two.

In 2021, as of September, food venture financing deals worth $4.3bn were announced globally, marking an increase of 45.2% year on year.

food industry venture financing deals in September 2021: Top deals

The top five food industry venture financing deals accounted for 66.6% of the overall value during September 2021.

The combined value of the top five food venture financing deals stood at $230m, against the overall value of $345.4m recorded for the month.

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

1) Fernando Chico Pardo,Graphene Ventures,K3 Ventures,Resilience Reserve and UBS O’Connor $97m venture financing deal with Good Meat

2) The $51m venture financing of Lihe Taste Qingdao Food Industry by Aoye Group,C&D Xinxing Investment,Huagai Capital,Lagen Capital,Qingdao EMU Town Investment Group,Sunshine Venture Capital,XVC and Yiling Capital

3) 8VC,Andrew Gertler,Andy Roddick,Anjula Acharia-Bath,Brian Sheth,Brooklyn Decker,Cindy Crawford,Edward Norton,Indra Nooyi,Jazz Venture Partners,Kurt Seidensticker,Mark Hyman,Nick Green,Nick Jonas,Patrick O Shaughnessy,Plus Capital,Priyanka Chopra Jonas,Rande Gerber,Scarlett Johansson,Shawn Mendes ,Venus Williams and Walter Robb $35m venture financing deal with HumanCo

4) The $25m venture financing of Simply Foods by ff Venture Capital,Hanwha Solutions,IndieBio,Siddhi Capital and TechU Ventures

5) Creadev,DSG Consumer Partners,GGV Capital,Iris Fund and Temasek Holdings (Private) $22m venture financing deal with Growthwell Group