Investment

In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Keurig Dr Pepper’s post-acquisition plans for the JDE Peet’s business, new funding for yogurt maker Painterland Sisters and alt-protein producer The Better Meat Company, and the decision behind Spindrift’s exit from the beverage alcohol category.

Organic skyr yogurt brand Painterland Sisters has closed a seven-figure seed round led by The Angel Group and Spacestation Investments.

Amid the “wintry VC landscape,” mycoprotein producer The Better Meat Company reeled in $31 million that founder and CEO Paul Shapiro believes will propel the business into profitable revenue growth.

In this episode of CPG Week, the hosts discuss why Saffron Road is aligning with the growing anti-seed oil sentiment, how the TikTok-driven dirty soda trend is influencing recent beverage innovation, Keychain’s latest fundraise, and the recent struggles of Silicon Valley darling Soylent.

Chilled oat bar brand Mooski has landed a $1.5 million Series A investment round from an angel investor to scale operations amid triple-digit growth.

The Better Meat Co. (BMC) announced it has closed an oversubscribed $31 million round of Series A funding co-led by Future Ventures and Resilience Reserve.

Artificial intelligence-powered manufacturing platform Keychain has raised $30 million in a Series B funding round led by Wellington Management and BoxGroup, alongside existing investors. To date, the startup has raised a total of $68 million just 18 months after its launch.

The CPG business is undergoing a shift, but without a crystal ball to determine where the industry will land in a decade from now, we’ll have to rely on recent news and survey responses from those on the front lines.

In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery dig into an acquisition, an acquisition attempt and an acquisition target, as well as an artificial intelligence mishap.

Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.