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Friday 20 May 2022

Investment

PE, VC activity at record level in 2021 – EY 20th May 2022 /

PE, VC activity at record level in 2021 – EY

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.


Kiwifruit values help buoy Rangatira NAV 17th May 2022 /

Kiwifruit values help buoy Rangatira NAV

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.


Nibblish looks for $4.25m to fast-track growth 16th May 2022 /

Nibblish looks for $4.25m to fast-track growth

The snack company is looking for investors to unlock plans to quadruple revenue over the next three years.


NZ foodtech startup lands $1.25m from Pacific Channel VC 13th May 2022 /

NZ foodtech startup lands $1.25m from Pacific Channel VC

The oil extraction technology will be trialled with green-lipped mussel and cannabis manufacturers.


NZ King Salmon raises $50m, allocates shortfall 10th May 2022 /

NZ King Salmon raises $50m, allocates shortfall

New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.


Startup investment tops $250m in 2021 – F&B just 4% 4th May 2022 /

Startup investment tops $250m in 2021 – F&B just 4%

Food & beverage comprised just 4% of the $257.5m invested in early stage investment in New Zealand in 2021, according to a new report.


Zeffer launches $1.5m capital raise 3rd May 2022 /

Zeffer launches $1.5m capital raise

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.


Farro Fresh gets Waterman Capital backing 3rd May 2022 /

Farro Fresh gets Waterman Capital backing

The Auckland independent grocery chain will use the investment to expand its network, as well as upgrade existing properties.


Govt invests $7.44m in apple industry ambition 27th April 2022 /

Govt invests $7.44m in apple industry ambition

The government is investing $7.44m to help New Zealand’s apple industry become a world leader in sustainable production practices.


Global alt-seafood investment doubled in 2021 – GFI 21st April 2022 /

Global alt-seafood investment doubled in 2021 – GFI

Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.


Romano’s rebuild on track for Q4 completion 19th April 2022 /

Romano’s rebuild on track for Q4 completion

Romano’s Food Group is aiming to complete the rebuild of its Christchurch pizza factory by the last quarter of the year.


Ngati Porou Seafoods expands with $7.5m Akaroa Salmon deal 11th April 2022 /

Ngati Porou Seafoods expands with $7.5m Akaroa Salmon deal

The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.


Blue Sky takeover acceptances ratchet up 11th April 2022 /

Blue Sky takeover acceptances ratchet up

Southern Lamb Investment’s proposed takeover of Southland meat processor Blue Sky has backing from shareholders holding 56.79%.


Leaft Foods flies flag with $22m fundraise 8th April 2022 /

Leaft Foods flies flag with $22m fundraise

Investors include Rocket Lab-backer Khosla Ventures, a new Ngāi Tahu vehicle, and Kiwi-born US-based NBA star Steven Adams.


Supie brings forward fresh $5m fundraise 6th April 2022 /

Supie brings forward fresh $5m fundraise

The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.


Proper Crisps chipper on big Australian investment 5th April 2022 /

Proper Crisps chipper on big Australian investment

Proper Snack Foods GM Andy Leonard says challenging shipping and rising costs provided extra motivation to establish manufacturing across the ditch.


NZ Coastal Seafoods to raise $1.5m 5th April 2022 /

NZ Coastal Seafoods to raise $1.5m

New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.


Frucor Suntory banks on Oceania growth with new $430m factory 31st March 2022 /

Frucor Suntory banks on Oceania growth with new $430m factory

The Queensland factory recognises the growth Frucor Suntory believes is possible, says boss Darren Fullerton.


Sustainable Foods closes $2m+ fundraise 30th March 2022 /

Sustainable Foods closes $2m+ fundraise

Alternative protein player Sustainable Foods has closed its capital raise reaching a total of $2.15m.


Mt Cook Alpine Salmon Catalist auction opens 29th March 2022 /

Mt Cook Alpine Salmon Catalist auction opens

Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .


Gallagher, Royal Barenbrug Group back agritech venture 28th March 2022 /

Gallagher, Royal Barenbrug Group back agritech venture

Gallagher and the Royal Barenbrug Group have backed Christchurch-based agritech firm Farmote Systems.


Govt takes stake in aquaculture venture, commits $6m 25th March 2022 /

Govt takes stake in aquaculture venture, commits $6m

The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.


Southern Fresh Foods’ $2m hydroponics plan 23rd March 2022 /

Southern Fresh Foods’ $2m hydroponics plan

The project will provide Southern Fresh with year-round production of baby leaf salads, herbs, and vegetables. 


Mt Cook Alpine Salmon looks for liquidity on Catalist 16th March 2022 /

Mt Cook Alpine Salmon looks for liquidity on Catalist

The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.


F&B puts in solid end to record 2021 M&A 9th March 2022 /

F&B puts in solid end to record 2021 M&A

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 US$30m fund seeks green food investments 23rd February 2022 /

Derek Handley’s US$30m fund seeks green food investments

Derek Handley’s climate tech firm Aera VC has raised US$30m to invest in startups tackling sustainability across all sectors including food.


Freightways invests $2.7m in upcycling venture 14th February 2022 /

Freightways invests $2.7m in upcycling venture

Fast-food and tetra pak cartons destined for the landfill are being converted into building supplies, thanks to Freightways investment.


Govt pledges $440k to boost hort potential 10th February 2022 /

Govt pledges $440k to boost hort potential

A major horticulture project is underway in northern Hawke’s Bay to lift the productivity of Maori-owned land.


Food packaging helps attract SFFF investment in hemp 8th February 2022 /

Food packaging helps attract SFFF investment in hemp

A multi-million-dollar investment is to look at how hemp can be made into food packaging and other innovations.


Tindall’s K1W1 stumps up for Cropsy, Daisy Lab 3rd February 2022 /

Tindall’s K1W1 stumps up for Cropsy, Daisy Lab

The Warehouse founder’s venture capital fund backs NZ ventures seeking global exposure.


F&B investment slumps 65% on crowdfunding platform 2nd February 2022

F&B investment slumps 65% on crowdfunding platform

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.


Black Hawk owner Ebos raises $674m 10th December 2021 /

Black Hawk owner Ebos raises $674m

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.


Nutrition crisis: F&B firms face investor pressure for healthy food shift 9th December 2021 /

Nutrition crisis: F&B firms face investor pressure for healthy food shift

The world’s most powerful investors urge the global food industry to produce healthier products.


Founders Advisory, F&B opportunities and product vs brand – Peter Cullinane 1st December 2021 /

Founders Advisory, F&B opportunities and product vs brand – Peter Cullinane

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.


F&B helps pump record Q3 M&A 25th November 2021

F&B helps pump record Q3 M&A

A handful of heavyweight FMCG deals support a record quarter of M&A activity according to PwC.


Lyre’s sees continuing growth in NZ, completes UK funding round 18th November 2021 /

Lyre’s sees continuing growth in NZ, completes UK funding round

UK-based non-alcoholic spirits brand Lyre’s says its distribution growth in New Zealand is continuing to cater for increased demand. The beverage maker’s products can be found in Countdown, New World, Farro MORE »


“It’s called fast moving consumer goods for a reason” – Marmont Capital on investing and scaling 17th November 2021 /

“It’s called fast moving consumer goods for a reason” – Marmont Capital on investing and scaling

The FMCG investor says it backs brands with a point of difference and potential to scale.


OCHO’s post-fundraise plan 16th November 2021 /

OCHO’s post-fundraise plan

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 ups My Food Bag stake 16th November 2021 /

Milford ups My Food Bag stake

Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.


F&B startups secure $3.7m 12th November 2021 /

F&B startups secure $3.7m

New Zealand food and beverage startups managed to secure about $3.7m in early stage investment during the first half of 2021.


Investors keen for taste of truffles as $26m venture gets ‘positive’ reception 8th November 2021 /

Investors keen for taste of truffles as $26m venture gets ‘positive’ reception

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.


No Ugly seeks funding for functional expansion 30th September 2021 /

No Ugly seeks funding for functional expansion

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.


Investor Q&A: NZGCP’s Aspire Fund 10th August 2021 /

Investor Q&A: NZGCP’s Aspire Fund

With deployments in ventures like Rockit and Sunfed, NZ Growth Capital Partners outlines what it looks for in food and agritech.


Ripple Foods $55m fundraise goes live 16th July 2021 /

Ripple Foods $55m fundraise goes live

The US plant-based dairy company backed by Goldman Sachs and Prelude Ventures has opened the round to New Zealand wholesale investors.


How to get funding, and what to do when you’ve got it – tips for food and agritech 15th July 2021

How to get funding, and what to do when you’ve got it – tips for food and agritech

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.


Entries open for NZTE’s Te Kōmaru – Māori investment showcase 15th July 2021

Entries open for NZTE’s Te Kōmaru – Māori investment showcase

New Zealand Trade and Enterprise is calling for applications for Te Kōmaru – its annual Māori investment showcase.


Bootleg Jerky beefs up with new investment 14th July 2021 /

Bootleg Jerky beefs up with new investment

The jerky startup has secured funding for a new facility to help more than double production.


Starting gun fired for Batchwell fundraise 14th July 2021 /

Starting gun fired for Batchwell fundraise

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.


Happy Cow launches capital raise, Hunt and Gather secures funds 13th July 2021

Happy Cow launches capital raise, Hunt and Gather secures funds

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.


TIN200: Who are NZ’s top agritech investors? 21st June 2021

TIN200: Who are NZ’s top agritech investors?

The TIN New Zealand Agritech Insights Report 2021 details the leading syndicates of angel groups and local venture capital funds underpinning the growing sector.


Perspectives: FoodBowl’s Alexandra Allan on how we can grow the F&B industry 17th June 2021 /

Perspectives: FoodBowl’s Alexandra Allan on how we can grow the F&B industry

With industry transformation on the cards, FoodBowl boss Alex Allan considers what it would take to unlock F&B sector restraints.


GoodFor chases down $2m capital raise target 11th June 2021 /

GoodFor chases down $2m capital raise target

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.


Supie’s subs offer sells out, capital raise on cards 25th May 2021 /

Supie’s subs offer sells out, capital raise on cards

The new online grocery service will be looking for investment within a year, says founder Sarah Balle.


“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal 14th May 2021 /

“The world’s our oyster” – Natural Pet Food’s Neil Hinton on KKR deal

The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.


E Tipu 2021: AgFunder’s hot tips for VC foodtech investment 14th May 2021 /

E Tipu 2021: AgFunder’s hot tips for VC foodtech investment

Food as medicine, medicinal plants and food personalisation are all the radar of US agrifood venture capital investor, AgFunder, as categories of opportunity.


Investors line up for NZ’s first carbon-neutral oat milk factory 30th April 2021 /

Investors line up for NZ’s first carbon-neutral oat milk factory

An investment bank has been appointed to marshal growing investor interest in the $50m Southland venture.


Foodtech venture investment jumps to $24bn in 2020 – report 30th April 2021 /

Foodtech venture investment jumps to $24bn in 2020 – report

Around 8,000 unique investors took part in more than 9,000 transactions in 2020.