6th March 2024 Finery / Investment
The company behind the drinks brand revives plans for a capital raise to help drive expansion in NZ and Australia.
Alternative protein investment firm Better Bite Ventures is looking for new founders to back via its First Bite initiative designed to support idea-stage and just-launched startups in APAC.
Technology company Mindhive is preparing for a capital raise as it looks to grow the application of its machine-vision-enabled AI into the meat industry.
Upstock is adding another $3.4m of seed funding to its coffers, which is earmarked to support the Wellington-based startup’s growth in Australia.
Acquisition activity is set to end the year with a whimper in terms of deal volume, with some high-profile deals likely to slip into 2024 as investors bide their time.
Yeast supplier Froth Technologies has successfully raised its target of $10,000 to support the development of a range of home brew yeast pouches.
One of the early backers of the collapsed online supermarket says there were “several factors” that scuppered the startup, but it wasn’t a lack of effort by founder Sarah Balle.
The agritech startup’s latest investment round is also supported by an Auckland-based deep tech investor.
The Tasman brewer is the latest food and beverage firm to look for external capital as it looks to accelerate its growth.
Investors who focus on the capital-intensive side of food investment can have a big impact on global food security and affordability, writes UBS’ Darren Rabenou.
Eighteen roading projects across the West Coast will receive more than $22m in government investment from the $419m Transport Resilience Fund.
Farm reporting and insights platform, Trev, is chasing a $2.23m capital raise to accelerate its growth strategy.
Wellington-headquartered infrastructure investor Morrison & Co has taken a 50% stake in Australian-listed packaging firm Pact Group’s crate pooling business.
How the small Kiwi venture landed the backing of the world’s number two producer of wines and spirits, and how it will help drive growth.
The government is co-investing $17.7m into the construction of a new greenhouse gas testing facility at Massey University.
Foxton vertical farming venture 26 Seasons and Nelson’s Snap Information Technologies are both in line for RSPF loans.
Food system stakeholders have been linked to the sales process surrounding Ruapehu Alpine Lifts, which ran the Whakapapa and Turoa ski fields, and went into voluntary administration in October.
NewFish was on the bill for the launch in San Francisco of the next round of NZTE’s ‘Do Good, Do Well’ global investment drive.
Silver Fern Farms grew its annual profit 82% last year, triggering a $250m investment programme which will likely see an expansion of its carbon-zero products.
Co-owner Darren Guo has overhauled the Auckland organics retailer and is now looking for external capital to fund an ambitious five-year growth plan.
Supply chain technology company TradeWindow has agreed to sell a 19.99% stake to strategic investor nChain for $11.1m.
Wellington brewer Parrotdog has raised nearly $1.5m with six days left to reach it’s $2m minimum target for its capital raise via Snowball Effect.
Twiice has its sights set on the UK – and is looking for backing to unlock the opportunity to scale into the vast Northern Hemisphere market and continue to stamp out single-use plastic.
The precision fermentation start-up closes an oversubscribed funding round backed by fellow alt-diary specialist and Raglan Food co-founder Latesha Randall.
Mushroom meat startup had to navigate capital markets going into shutdown and plant-based sentiment souring to close its $13m series A round.
The government is investing more than $2m into research on the potential of regenerative farming practices to boost carbon in vegetable and other ground crop-growing soil.
“The group is now well positioned to accelerate its growth through existing and new venues, as well as exploring M&A opportunities as they arise,” says Savor.
Hospitality technology platform First Table is preparing to hit the fundraising trail early this year.
New Zealand Trade & Enterprise has appointed a three-strong independent advisory panel to support New Zealand’s new Active Investor Plus visa scheme.
This year has been a fertile one for F&B fundraising, with an array of companies successfully – and a few unsuccessfully – looking at home and abroad to fill their coffers.
A flurry of F&B-related takeovers completed in the final quarter of 2022, closing out a solid year for NZ food industry mergers and acquisitions.
New Zealand agritech startup 26 Seasons has secured government cash to help the scale-up of its domestic vertical farming operation as it looks to close its $5.5m capital raise early next year.
Since launching in 2014, the platform has raised tens of millions of dollars for food and beverage manufacturers and grocery retailers.
Behemoth Brewing Company is closing in on its $3m target going into the last five days of its capital raise on Snowball Effect.
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The Christchurch-based diversified agribusiness invests in pet food processing and edible by-products operations in Australia.
The US investor wrote the first cheque into Impossible Foods and led a $22m Series A in a Kiwi venture – what is it looking for and why NZ?
Basketball star Steven Adams and Zespri boss Dan Mathieson are the latest high-profile investors to back the brain food technology venture.
Research into the value of octopus to NZ aquaculture is one of the food system projects to share more than $30m of investment.
The Mother Earth and Alison’s Pantry owner brings on a significant European partner to drive growth opportunities.
The plant-based food manufacturer is looking for investors to back both its short and long-term growth ambitions.
Marlborough Lines is looking to sell down its investment in Yealands Wine Group and reinvest the money in its electricity lines business.
The government has created a new investor category aimed at increasing direct foreign investment in New Zealand businesses.
Will the $6m Regional Strategic Partnership Fund investment be the catalyst for the $50m NZ Functional Food project to move forward?
Clean-tech startup Cetogenix has raised $4.5m in seed funding for its organic waste to renewable energy venture.
Regional development agency Venture Taranaki has launched nine new food and fibre value chain opportunities focused on diversifying the region’s existing offerings.
Cider company Zeffer has raised $749,104 via Snowball Effect.
Booster has added a stake in Hot Lime Labs to its innovation fund portfolio with a $361,000 investment into the startup.
Bay of Plenty’s Ohiwa Black Diamond truffles is receiving more than $155,000 of government funding over three year to share its knowledge with interested growers so New Zealand can grow enough truffles for a robust export industry.
Fermented drinks and canned flavoured oat milk have come out of an NPD drive at the firm, which looks likely to exit the functional beverage space.
The wholesale marketplace startup has been backed by a range of early stage investors to go for growth in Australia and the US.
Economic development agency Venture Taranaki is set to launch 10 new food and fibre investment opportunities focused on diversifying the region’s opportunities.
The online supermarket startup is seeking growth capital to drive a big jump in revenue in 2023.
Hospitality group Savor has posted an improved EBITDA of $3m for the year to 31 March, compared with $2m in the prior year.
The biotech and future food venture gets backing from iwi, food stalwarts and NBA basketball star Steven Adams.
Total investment and divestment activity across all investment stages increased to $4.3b in 2021, up from $2.5b in 2020, according to EY’s New Zealand Private Capital Monitor.
Private equity firm Rangatira Investments has seen its net asset value climb from $14.87 last year to $16.27 in the year to March 2022, reflecting a portfolio valuation of $288m.
The snack company is looking for investors to unlock plans to quadruple revenue over the next three years.
The oil extraction technology will be trialled with green-lipped mussel and cannabis manufacturers.
New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.
Food & beverage comprised just 4% of the $257.5m invested in early stage investment in New Zealand in 2021, according to a new report.
The company is hitting up new and existing investors in a fresh fundraising, as it secures a major new account for its 0% cider in Australia.
The Auckland independent grocery chain will use the investment to expand its network, as well as upgrade existing properties.
The government is investing $7.44m to help New Zealand’s apple industry become a world leader in sustainable production practices.
Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.
Romano’s Food Group is aiming to complete the rebuild of its Christchurch pizza factory by the last quarter of the year.
The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.
Southern Lamb Investment’s proposed takeover of Southland meat processor Blue Sky has backing from shareholders holding 56.79%.
Investors include Rocket Lab-backer Khosla Ventures, a new Ngāi Tahu vehicle, and Kiwi-born US-based NBA star Steven Adams.
The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.
Proper Snack Foods GM Andy Leonard says challenging shipping and rising costs provided extra motivation to establish manufacturing across the ditch.
New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.
The Queensland factory recognises the growth Frucor Suntory believes is possible, says boss Darren Fullerton.
Alternative protein player Sustainable Foods has closed its capital raise reaching a total of $2.15m.
Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .
Gallagher and the Royal Barenbrug Group have backed Christchurch-based agritech firm Farmote Systems.
The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.
The project will provide Southern Fresh with year-round production of baby leaf salads, herbs, and vegetables.
The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.
A flurry of F&B-related takeovers were recorded in the final quarter of 2021, closing out a record year for mergers and acquisitions in New Zealand, according to PwC.
Derek Handley’s climate tech firm Aera VC has raised US$30m to invest in startups tackling sustainability across all sectors including food.
Fast-food and tetra pak cartons destined for the landfill are being converted into building supplies, thanks to Freightways investment.
A major horticulture project is underway in northern Hawke’s Bay to lift the productivity of Maori-owned land.
A multi-million-dollar investment is to look at how hemp can be made into food packaging and other innovations.
The Warehouse founder’s venture capital fund backs NZ ventures seeking global exposure.
Capital raising for food and beverage ventures on crowdfunding platform Snowball Effect fell to $4.7m in 2021, down 65% on the $13.3m raised in 2020.
Healthcare and animal care company Ebos Group says it has successfully raised $674m from existing and new investors across New Zealand, Australia and further afield.
The world’s most powerful investors urge the global food industry to produce healthier products.
The Lewis Road founder says his new advisory firm is looking to work with F&B founders with a global proposition – often in exchange for a stake.
A handful of heavyweight FMCG deals support a record quarter of M&A activity according to PwC.
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The FMCG investor says it backs brands with a point of difference and potential to scale.
The Dunedin chocolate maker plans to boost production and sales, and launch a new entry product to help it expand north following a $500k capital raise.
Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.
New Zealand food and beverage startups managed to secure about $3.7m in early stage investment during the first half of 2021.
The New Zealand Truffle Company says it is pleased with interest from both NZ and overseas and is targeting mid-December to complete its capital raise.
After a rollercoaster 2020, No Ugly is gearing up for growth undertaking a $2m capital raise as it looks to transition from a functional beverage business to a broader health and wellness company.
With deployments in ventures like Rockit and Sunfed, NZ Growth Capital Partners outlines what it looks for in food and agritech.
The US plant-based dairy company backed by Goldman Sachs and Prelude Ventures has opened the round to New Zealand wholesale investors.
With global challenges to supply chains, productivity, climate change and food security, New Zealand’s startup ecosystem is responding with new companies emerging, networks deepening and investment broadening.
New Zealand Trade and Enterprise is calling for applications for Te Kōmaru – its annual Māori investment showcase.
The jerky startup has secured funding for a new facility to help more than double production.
Organic small batch Kombucha maker Batchwell has launched a capital raise with funds set to be ploughed into production capability, portfolio expansion and increased sales and marketing.
Described as a milk factory in a box, Happy Cow Milk Company, has today launched its second capital raise as it looks to scale-up its prototype into paddocks and retailers around the country.
The TIN New Zealand Agritech Insights Report 2021 details the leading syndicates of angel groups and local venture capital funds underpinning the growing sector.
With industry transformation on the cards, FoodBowl boss Alex Allan considers what it would take to unlock F&B sector restraints.
Package-free grocery store GoodFor is closing in on the half-way point of its capital raise target after the offer went live to the public this week.
The new online grocery service will be looking for investment within a year, says founder Sarah Balle.
The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.
Food as medicine, medicinal plants and food personalisation are all the radar of US agrifood venture capital investor, AgFunder, as categories of opportunity.
An investment bank has been appointed to marshal growing investor interest in the $50m Southland venture.
Around 8,000 unique investors took part in more than 9,000 transactions in 2020.
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