Pegasus Tech Ventures, a venture capital company in Silicon Valley, and Ohayo Dairy Products, a Japanese food company, have started a USD50 million Corporate Venture Capital fund. The fund will invest in new startups as well as advance technologies to aid make better food products and support business growth around the world.
Pegasus Tech Ventures will handle the fund, while Ohayo Dairy Products will provide the investment. Through global network of Pegasus, Ohayo will be able to connect with innovative startup companies in Silicon Valley and other countries.
The fund will mainly invest in FoodTech, including food and drinks, biotechnology, health and wellness foods, supply chain solutions, and retail technology. The goal is to support new ideas, develop better technology, as well as make long-term business growth.
The global food industry is transforming with the growing biotechnology and artificial intelligence (AI) in healthy food, as well as the need for more sustainable products. FoodTech companies are becoming more important in making new food products with advance ways to deliver them.
Japanese food products are also gaining traction globally. More people are visiting Japan, and Japanese food is valued for its quality, safety, along with its taste. This gives Japanese food companies an opportunity to get into international markets.
Ohayo Dairy Products was founded in 1953 and is known for making high-quality milk, yogurt, desserts, ice cream, etc. One of its popular products is BRULEE® ice cream. The company wants to grow its business in other countries as well as explore new opportunities.
Through this new fund, Ohayo Dairy Products plans to work with innovative companies around the world to develop new products and services, enter new markets, and help build a more sustainable global food industry.
According to coherent market insights, the Dairy Products Market is expected to grow at a CAGR of 8.6% during 2026 to 2033. Currently, the market is at USD 152.58 Bn in 2026 and is expected to be around USD 271.84 Bn by 2033. Factors such as rising health consciousness, changing consumer preferences, and growing demand for nutritious dairy-based products will drive the market. Increasing awareness about the health benefits of dairy products along with growing affordability is propelling the sales of value-added dairy products such as flavored milk, yogurt, cheese, butter, and cream globally. Rising living standards coupled with growing population will also augment the demand for dairy products.
“Ohayo Dairy Products has grown by combining a strong commitment to quality and taste with a unique product development capability,” said Yoko Yamazaki, CEO of Ohayo Dairy Products. “Looking ahead, we aspire to create new value not only in Japan but also in global markets. Through this fund, we look forward to deepening relationships with innovative businesses worldwide, advancing new FoodTech initiatives, and creating new opportunities for future growth through business creation.”
Source:
Press Release: Pegasus Tech Ventures
Company: Pegasus Tech Ventures