Headlines

Health and wellness-focused CPG investment firm Selva Ventures announced this week it has closed a $34 million raise for its second fund, which included backing from Unilever Ventures, PagsGroup and Obelysk as well as existing investors.

After announcing a serving agreement for its credit offerings in March, fintech platform Brightflow has acquired the remainder of lender, investor and software platform CircleUp with an eye on further monetizing AI-driven data and insights platform Helio.

Tony’s Chocolonely is looking to set a new corporate standard that legally protects the values of mission-driven businesses.

Community Call is a recurring series of discussions addressing timely topics within the food and beverage industry. This month, we welcome a range of guests covering topics such as demand planning, event marketing, and finding the right valuation of your business for fundraising.

Sonoma Creamery is ending 92 years in the fresh cheese business after selling off the division to The Atalanta Corporation, marking a formal shift toward a snack-focused future.

Campbell Soup Company offloaded its nut and trail mix brand Emerald Nuts to Minneapolis-based, private label manufacturer Flagstone Foods on Tuesday for an undisclosed amount as the legacy soup company prioritizes its more successful snacking labels.

Fly By Jing founder Jing Gao is entering the retail space with Suá Kitchen and Superette, a grab-and-go market of Sichuan-inspired prepared foods and retail goods.

Backed with over $50 million in investment, former CEO of the Roundy’s and Mariano’s chains Bob Mariano has embarked on his latest venture in the Chicago area, Dom’s Kitchen and Market. The retailer hopes to have 15 stores by the end of next year building on an omnichannel, experiential type of food shopping grounded in prepared foods, heavier product curation and app-based connectivity.

In this week’s notable new products roundup, Van Leeuwen pays homage to artist Keith Haring in crafting a limited edition ice cream flavor, Pompeian expands its portfolio of olive oils and Olli launches what it claims to be the first preservative-free salami in North America.

In this week’s roundup: Stoneyfield expands plant to make 46M yogurt pouches per year; Taco Bell tries to liberate Taco Tuesday; Target faces backlash as Pride Month approaches and SNAC International releases annual State of The Industry Report