Tyson announced Monday that it has launched a $150 million venture capital fund, called Tyson New Ventures LLC. It's worth noting that Tyson is hardly the first legacy food company to create a VC arm for investing in new and alternative food companies. And in June, Kellogg jumped into the fray with 1894 Capital, a $100 million fund also aimed at investing in emerging food brands. According to Dow Jones VentureSource data, VC firms invested $420 million in food and agricultural companies during the first three quarters of 2016. Shares of Tyson, which are up 8.3% year-to-date, gained 1.25% in Monday morning's trading session following the venture capital announcement.

Source: Forbes December 05, 2016 16:52 UTC