Food industry venture financing deals total $884.2m globally in November 2021

The $500m venture financing of Impossible Foods was the food industry’s top venture financing deal as total deals worth $884.2m were announced globally in November 2021, according to GlobalData’s deals database.

The value marked an increase of 126.1% over the previous month of $391.03m and a rise of 114.5% when compared with the last 12-month average, which stood at $412.15m.

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 $687.6m. At the country level, the US topped the list in terms of deal value at $687.6m.

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 November 2021 was the US with 19 deals, followed by the China with nine and India with two.

In 2021, as of November, food venture financing deals worth $5.58bn were announced globally, marking an increase of 70.3% year on year.

food industry venture financing deals in November 2021: Top deals

The top five food industry venture financing deals accounted for 75.9% of the overall value during November 2021.

The combined value of the top five food venture financing deals stood at $670.8m, against the overall value of $884.2m recorded for the month.

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

1) Mirae Asset Global Investments $500m venture financing deal with Impossible Foods

2) The $58m venture financing of Future Farm USA by BTG Pactual Participations,Enfini Ventures,Go4it Capital,Monashees,Rage Capital,Turim MFO and XP

3) BTG Pactual Participations,Enfini Ventures,Go4it Capital,Monashees,Rage Capital,Turim MFO and XP $52.8m venture financing deal with Fazenda Futuro

4) The $30m venture financing of TurtleTree Labs by Verso Capital Partners

5) Andy Roddick,Brooklyn Decker,CIC Partners,Dirk Nowitzki,Kendra Scott and Morgan Stanley Expansion Capital $30m venture financing deal with Tiff’s Treats Holdings