Investment

Early-stage venture fund Rising Tide Ventures has backed Dr Bombay, the ice cream brand co-founded by Snoop Dogg and The Happi Co. under Bosslady Foods.

Bakery ingredients manufacturer Puratos acquired Vör Foods, a producer of nut butter and nut-based fillings. Financial terms were not disclosed.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss Beyond Meat’s expansion beyond meat alternatives, Prime’s foray into protein shakes, DayDayCook’s exit from the U.S., and Chameleon Cold Brew’s future under new ownership.

FoodNerd announced it has closed a $7.5 million seed round led by Selva Ventures, with participation from Cistern Capital, Spacestation Investments, and S2 Ventures as well as angel investor Joe Nieman.

Global food giant Smithfield Foods announced today that it has agreed to acquire hot dog brand Nathan’s Famous in an all-cash transaction valued at $450 million.

Private investment firm Highlander Partners has acquired hot sauce brand Tapatío from the Saavedra family, who will retain a minority position in the company following the close of the transaction.

Organic coconut sugar producer Big Tree Farms has secured a $10 million investment from Natixis Investment Managers affiliate, Mirova.

Cactus snack maker Nemi, seasoning blend producer Todo Verde and powdered beverage platform Tuyy have merged under the Tuyyo Foods name.

A turbulent year for plant-based cheese is opening unexpected doors for the category’s next wave of potential winners. As legacy players stumble and retailers lose confidence in the category, Nuts For Cheese aims to fill a hole for premium, artisanal brands that can deliver on taste, ingredients and trust with retailers and shoppers alike.

Del Monte Foods has agreed to sell off various assets as part of a court-supervised auction process after entering Ch. 11 bankruptcy in July.