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Venture Capital
acre.vc

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Investments

26

Portfolio Exits

1

Funds

3

About Acre Venture Partners

Acre Venture Partners manages an independent fund of Campbell Soup Company to invest in startup food companies.

Acre Venture Partners Headquarter Location

840 Leonard Road

Los Angeles, California, 90049,

United States

310-912-2495

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Expert Collections containing Acre Venture Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Acre Venture Partners in 1 Expert Collection, including Food & Beverage .

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Food & Beverage

124 items

Research containing Acre Venture Partners

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CB Insights Intelligence Analysts have mentioned Acre Venture Partners in 1 CB Insights research brief, most recently on Nov 7, 2018.

Latest Acre Venture Partners News

Meati Foods Raises $50M in Series B Funding

Jul 9, 2021

Meati Foods , a Boulder CO-based public benefit corporation producing alternative meats, raised $50M in Series B funding. The round was led by Bond with participation from Acre Venture Partners, Prelude Ventures, Congruent Ventures, and Tao Capital. The company intends to use the funds to accelerate efforts to scale production and launch products at a national scale and more than double the size of its team. Led by CEO Tyler Huggins and CTO Justin Whiteley, Meati Foods creates high-protein, high-fiber and nutrient-dense meats using mycelium as its single main ingredient. The company creates high-protein, high-fiber and nutrient-dense meats using mycelium – the muscular root structure of fungi – as its single main ingredient. These whole-cut meats include Meati’s take on chicken breasts, steak and jerky in the final stages of development right now, as well as pork tenderloin, deli meats and other products in the future. To grow Meati, the company has developed a proprietary process to cultivate its strain of mycelium and form its naturally fibrous texture into whole-cut products without chemicals or processing. Meati says that, at scale, the process can produce the meat equivalent of 4,500 cows every 24 hours, and requires less than one percent of the water and land compared to conventional industrial meat production. The new financing builds on the $18m in debt financing Meati announced in April 2021 to build-out its “Urban Ranch” production facility – which, at nearly 80,000 square feet, will have the capacity to produce millions of pounds of Meati by 2022. The company has also added a cohort of investor-advisers, with members providing either new or upsized investments in this latest round. Examples include:  Rose Marcario, former Patagonia CEO & visionary advancing a new role of business to help solve the climate crisis (joined Meati’s Board of Directors earlier this year) John Foraker, Once Upon a Farm CEO & former CEO of Annie’s Organic Walter Robb, former CEO of Whole Foods Market Nicolas Jammet & Jonathan Neman, co-founders of Sweetgreen Sam Kass, former White House Senior Policy Advisor for Nutrition & Partner at Acre Venture Partners David Barber, co-owner of Blue Hill Restaurants & founder of Almanac Investments The Alinea Group, including chef Grant Achatz, one of the most awarded and recognized chefs in the world FinSMEs

Acre Venture Partners Investments

26 Investments

Acre Venture Partners has made 26 investments. Their latest investment was in Ascribe Bioscience as part of their Seed VC on September 9, 2021.

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Acre Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/10/2021

Seed VC

Ascribe Bioscience

$2.5M

Yes

1

8/4/2021

Series A

Spoiler Alert

$11.34M

No

1

7/7/2021

Series B

Meati Foods

$50M

No

4

4/15/2021

Series B

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$99M

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10

2/8/2021

Series D

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$99M

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10

Date

9/10/2021

8/4/2021

7/7/2021

4/15/2021

2/8/2021

Round

Seed VC

Series A

Series B

Series B

Series D

Company

Ascribe Bioscience

Spoiler Alert

Meati Foods

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Amount

$2.5M

$11.34M

$50M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

4

10

10

Acre Venture Partners Portfolio Exits

1 Portfolio Exit

Acre Venture Partners has 1 portfolio exit. Their latest portfolio exit was ImpactVision on February 01, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/1/2020

Acquired

Undisclosed Investors

1

Date

2/1/2020

Exit

Acquired

Companies

Valuation

Acquirer

Undisclosed Investors

Sources

1

Acre Venture Partners Fund History

3 Fund Histories

Acre Venture Partners has 3 funds, including Acre Venture Partners SPV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/25/2019

Acre Venture Partners SPV

$5.7M

1

2/18/2016

Acre Venture Partners

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$99M

10

Acre Venture Partners II

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$99M

10

Closing Date

6/25/2019

2/18/2016

Fund

Acre Venture Partners SPV

Acre Venture Partners

Acre Venture Partners II

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$5.7M

$99M

$99M

Sources

1

10

10

Acre Venture Partners Team

1 Team Member

Acre Venture Partners has 1 team member, including current Founder, Managing Partner, Lucas Mann.

Name

Work History

Title

Status

Lucas Mann

Founder, Managing Partner

Current

Name

Lucas Mann

Work History

Title

Founder, Managing Partner

Status

Current

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