DMG Media‘s venture capital arm, DMG Ventures, has made new investments in two food and drink companies: cacao pod “upcycling” company Blue Stripes and cannabidoil (CBD) product manufacturer Trip.

The investments, of undisclosed size, come as DMG Ventures announced the launch of two new £25m funds: a “Headline Fund” designed to back “consumer-facing start-ups from Seed to Series A” and a “Scale Fund” that it says will help more established consumer brands “accelerate their growth” through partnerships with DMG Media titles.

DMG Media publishes newsbrands including the Daily Mail, Mail Online, Metro, the i and the New Scientist.