Protein company David recently raised $ 75 million and announced that he had purchased EperaleAn organization dealing with food technology behind a vegetable fat alternative. The contract arises because the funds of the Food Tech enterprise have dropped, but as the fusion and acquisitions increase, it seems to grow.
Financial and transactions containing transactions indicate that in the face of the decreasing interest of investors, consolidation seems to be a real alternative to some corporations in the food space.
Data on Crunchbase, financing of food technology startups around the world Total $ 6 billion In 2024, significantly in comparison with $ 14.5 billion in 2022 and $ 20.7 billion in 2021. In 2023. In 2025, in 2023 it was only barely barely.
However, transactions on mergers and acquisitions for technology corporations in 2025 appear to be on the right track to overtaking 2024. Crunchbase data show that merger and acquisitions of $ 4 billion in this sector took place throughout the world this yr. Compared to almost $ 5.5 billion in all 2024, and only $ 34 million with a value in 2023 (many takeover transactions do not include prices, so the data is probably higher).
CEO and co -founder of David Peter Rahal Crunchbase News said that the recent financing of the company has enabled the takeover of Epogee from Indianapolis, a 14-year-old supplier of food technology for his company called EPG. The ingredient is a vegetable fat alternative, which believes that it significantly reduces calories and fat without prejudice to taste or texture.
“The introduction of Epogee on our own was a strategic movement that will allow us to scale production to satisfy the growing demand,” he said.
To date, David from New York collected a total of $ 85 million. His latest financing he conducted Greenoaks with the participation of Valor Equity PartnersHe valued the company at $ 725 million.
The “attractive window” for strategic buyers opens
Nate CooperFounder and managing partner in Ventures barrelHe believes that the financing of food technology has fallen mainly from “correction after noise”.
“Many companies that have been financed are years, if not decades from commercial profitability. They saw technological valuations and required significant amounts of CAP-Ex, when at the end of the day they sold the CPG product (consumer goods) and should be valued as such,” said Crunchbase News. “Many of these companies tried to achieve commercial life, and the wider market now wants clear paths to break not only visionary technology.”
According to Cooper, M&A are elevated because large CPG corporations naturally go through the cycles “where they think they can do it and realize that they cannot and then buy madness.”
His company has invested in a number of startups of food technology, including Heleina AND Olipap.
Andrew D. IveFounder and manager of the general partner in Great projectsHe believes that the activity of fusion and acquisitions in food technology accelerates primarily because the financing environment “remains extremely tight”.
“Many startups are not able to collect the following capital, decide to sell,” said Crunchbase News. “At the same time, the valuations were normalized in comparison with two years ago, creating an attractive window for strategic buyers to obtain risky, well-financed companies with approved technologies-often at reasonable prices.”
Big Idea Ventures supported dozens of startups in food technology, including GourmeyIN Actual vegetablesIN Perfect technologies AND Aqua breeding foods. Ive said that several portfolio corporations have recently been acquired or bought one other company.
Other distant acquisitions in the food space in 2025. PepsiTaking over $ 1.95 billion PopAn organization with drinks that specializes in the taste of shiny probiotic drinks; Flowers Foods“795 million dollars of purchase Simple millswhich produces ecological, gluten -free and plant foods; AND Hershey Co.Purchase of $ 750 million LesserevilFood production company that produces various packed snacks.
Food Tech Daming
David is a brilliant point in the sector whose popularity has dropped in recent years. The company officially registered at the end of September 2023 and almost a yr later it introduced its product for sale. Today I sell in over 3,000 retail stores.
The company’s first product is the Protein Bar, which in response to David offers “the highest ratio of protein on the calories of any protein bar on the market”.
According to Rahal, David is already profitable. Designs, the company will generate over $ 100 million sales during the first 12 months of operations.
Rahal is not foreign to food technology. Although he is now not involved in on a regular basis operations Rxbarwhich was sold Kellogg’s in 2017.
Methodology
Food technology is defined by the food and drink industry, nutrition, food processing and organic food in response to Crunchbase data. Most of the announced rounds are represented in the database; However, there could also be a slight delay in rounds reported at the end of the quarter. It does not include incubators or accelerators attributable to the fluctuations in their number of investments.