Food industry venture financing deals total $102.6m in Asia-Pacific in August 2021

Total food industry venture financing deals worth $102.6m were announced in Asia-Pacific in August 2021, led by $53.27m venture financing of V2 Food, according to GlobalData’s deals database.

The value marked a decrease of 13.8% over the previous month of $119.01m and a drop of 34% when compared with the last 12-month average of $155.51m.

Asia-Pacific held a 47.39% share of the global food industry venture financing deal value that totalled $216.57m in August 2021. With a 29.01% share and deals worth $62.82m, Australia 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 29 deals during August 2021, marking an increase of 38.10% over the previous month and a rise of 107.14% over the 12-month average. China recorded 15 deals during the month.

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

The top five food industry venture financing deals accounted for 85% of the overall value during August 2021.

The combined value of the top five food venture financing deals stood at $87.22m, against the overall value of $102.6m recorded for the month.

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

1) ABC World Asia,Astanor Ventures,CSIRO Financial Services and Huaxing Growth Capital $53.27m venture financing deal with V2 Food

2) The $15.42m venture financing of Chaotianmen Catering Holding Group by Gaorong Capital,Guangzhou Zhanze Investment Management,Honghui Capital,Panda Capital Asia and Red Dot China

3) Jingwei China $7.72m venture financing deal with Plant Professor

4) The $6.02m venture financing of Space F by Daesang,Daily Partners,Lotte Chemical Innovation Fund No. 2,Nice Investment Partners,Timewise Investment (formerly CJ Venture Investment) and UTC Investment

5) Blue Point Partners,Daesung Investment,Daily Partners,Enlight Ventures,HGI and Sl Investment $4.79m venture financing deal with SEAWITH