Food industry venture financing deals in Q1 2019 total $251.41m globally

Total food industry venture financing deals in Q1 2019 worth $251.41m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 10.2% over the previous quarter and a rise of 116.1% when compared with the last four-quarter average, which stood at $116.34m.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $159.8m. At the country level, the US topped the list in terms of deal value at $158.8m.

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 Q1 2019 was the US with 44 deals, followed by India with six and the UK with four.

In 2019, as of the end of Q1 2019, food venture financing deals worth $251.41m were announced globally, marking an increase of 140.8% year on year.

Food industry venture financing deals in Q1 2019: Top deals

The top five food industry venture financing deals accounted for 42.1% of the overall value during Q1 2019.

The combined value of the top five food industry venture financing deals stood at $105.83m, against the overall value of $251.41m recorded for the quarter. The top announced food industry venture financing deal tracked by GlobalData in Q1 2019 was ADM Capital, Horizons Ventures and Temasek Holdings (Private)’s $34.75m venture financing of Perfect Day.

In second place was the $30m venture financing of The Not by Bezos Expeditions, IndieBio, Kaszek Ventures and The Craftory and in third place was Danone Manifesto Ventures, DSG Consumer Partners, Samina Vaziralli and Verlinvest’s $25.58m venture financing of DRUMS Food International.

The $8m venture financing of good culture by 301,(US), Almanac Insights and CAVU Venture Partners and One Better Ventures’ venture financing of Low-Carb High-Fat for $7.5m held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.