Press

General Mills Backs GrubMarket at More Than $2 Billion Valuation

GrubMarket, which offers software and operates an e-commerce platform connecting farmers and other food suppliers with customers, said it’s valued at more than $2 billion after raising $120 million in equity from new backers including General Mills Inc.’s venture arm.

Innovating on the Inside

With venture funding driving entrepreneurship today, Minnesota's big businesses want to create internal startup cultures to reconnect with their inventive roots.

General Mills unveils new snack brand

General Mills, Inc. is introducing Good Measure, a new brand of snacks aimed at consumers who are concerned about how food interacts with their blood sugar, including those with diabetes and prediabetes.

Kite Hill seals $40m investment round led by General Mills' 301 INC

Plant-based 'chef-inspired' food brand Kite Hill has closed a $40m capital raise led by General Mills' venture arm 301 INC. with participation from CAVU Venture Partners, which according to CEO Rob Leibowitz, will be put towards expanding production and fueling brand growth.

Urban Remedy Closes $17 Million Investment Round Led by 301 INC

Urban Remedy, the pioneering plant-based food company offering an organic, non-GMO and ultra-fresh product roster of ready-to-eat meals, snacks, and cold pressed juices, has closed a $17 million series B fundraising round with lead investment from 301 INC.