Food industry venture financing deals total $231.43m globally in January 2021

The $60m venture financing of BlueNalu was the food industry’s top venture financing deal as total deals worth $231.43m were announced globally in January 2021, according to GlobalData’s deals database.

The value marked an increase of 29.9% over the previous month of $178.12m and a drop of 20.1% when compared with the last 12-month average, which stood at $289.67m.

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 $156.43m. At the country level, the US topped the list in terms of deal value at $151.46m.

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 January 2021 was the US with 12 deals, followed by the Germany with four and China with three.

In 2021, as of January, food venture financing deals worth $231.43m were announced globally, marking a decrease of 52.7% year on year.

food industry venture financing deals in January 2021: Top deals

The top five food industry venture financing deals accounted for 73.7% of the overall value during January 2021.

The combined value of the top five food venture financing deals stood at $170.57m, against the overall value of $231.43m recorded for the month.

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

1) Agronomics, Alpha Impact Investment Management Partners, Clear Current Capital, CPT Capital, Flat World Partners, KBW Ventures, Lewis & Clark Partners, Losa Group, Mcwine, OurCrowd, Radicle Growth, Rage Capital, Rich Products, Siddhi Capital, Silicon Valley Community Foundation, Stray Dog Capital and Thai Union Corporate Venture Fund’s $60m venture financing of BlueNalu

2) The $50m venture financing of Green Park Snacks by The Craftory

3) CapAgro, Djursholm Investment Group, DNS Capital, Gullspang Invest , Khosla Ventures, PeakBridge and Skandrenting’ $30m venture financing of LUB Foods USA

4) The $20.57m venture financing of PotsLtd by (US) and 301

5) Javier Valez-Bautista, Kenneth Harris and SternAegis Ventures’ venture financing of Outstanding Foods for $10m.