Tyson Foods Sets Up Food-Focused Venture Capital Fund

Tyson Foods said Monday it has established a venture capital fund focused on investing in companies that develop breakthrough technologies, business models and products to sustainably feed a growing world population. The company said it will make available $150 million to the fund, which has been named Tyson New Ventures.

The fund will concentrate on three areas: commercializing delicious, safe and affordable alternative proteins; tackling food insecurity and food loss; and tapping the internet of food to promote more precise and productive resource application, safety, and consumer empowerment in the food chain. The first investment involves a 5% ownership stake in plant-based protein producer Beyond Meat.

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