Food industry venture financing deals total $374.5m globally in October 2021

The $100m venture financing of LUB Foods USA was the food industry’s top venture financing deal as total deals worth $374.5m were announced globally in October 2021, according to GlobalData’s deals database.

The value marked an increase of 4.1% over the previous month of $359.61m and a drop of 6.6% when compared with the last 12-month average, which stood at $400.83m.

Comparing venture financing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $172.01m. At the country level, the Sweden topped the list in terms of deal value at $100m.

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

The top country in terms of venture financing deals activity in October 2021 was the US with 15 deals, followed by the China with 13 and the UK with four.

In 2021, as of October, food venture financing deals worth $4.68bn were announced globally, marking an increase of 46.9% year on year.

food industry venture financing deals in October 2021: Top deals

The top five food industry venture financing deals accounted for 76.7% of the overall value during October 2021.

The combined value of the top five food venture financing deals stood at $287.27m, against the overall value of $374.5m recorded for the month.

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

1) Ambrosia Investments AM,Gullspang Invest ,Kinnevik and Temasek Investments $100m venture financing deal with LUB Foods USA

2) The $65m venture financing of Daring Foods by Athlete ventures,Cameron Newton,D1 Capital,DJ Steve Aoki,Naomi Osaka and Tiger Global Management

3) Cassandra Stavrou,Chris Smalling,Draper Esprit,Felix Capital Partners,Kieran Gibbs,Octopus Ventures,The Craftory and TriplePoint Capital $52.28m venture financing deal with Allplants

4) The $46.2m venture financing of Nanjing no boundaries Restaurant Management by Source Code Capital and Starnah Capital

5) A ventures,CRIT Ventures,Envisioning Partners,Imm Investment,Korea Development Bank,Premier Partners,Primer Sazze Partners and Stick Ventures $23.8m venture financing deal with Jiguin