Less seed money, more consolidation: GFI report

Venture funding overall continues its steep slide, but with more than $1 trillion in private equity money, funders may be looking for M&A opportunities rather than start-ups, according to the Good Food Institute’s “Catalyzing Investment” report on investing activity for the third quarter of 2023.

The top-line results appear grim: Alternative protein companies (including dairy) raised $184 million in the quarter, bringing total investments for the year (through September) to $682 million, compared to $2.9 billion…