Strategy | Financing Highlight

Private Placement / Financing Transactions

Ashland Hard Seltzer: The company raised $33.1 million of venture funding from undisclosed investors on March 22, 2022. The company is a producer of hard seltzer beverages that contain no sugar, no fat, zero carbs, and that are malt-free and gluten-free.

Cooks Venture: The company raised $24.4 million of venture funding in the form of convertible debt from undisclosed investors on March 23, 2022. The company is a producer of regenerative food products intended to offer chicken and beef through environmentally sound agriculture.

Breedr: The company raised GBP 12 million through a combination of debt and Series A venture funding in a deal led by Investbridge Capital on March 21, 2022. Forward Partners, LocalGlobe, and other undisclosed investors also participated in the round. The company is a developer of a precision livestock management application designed to assist farmers in using shared data and optimizing the yield, quality, and profitability of their cattle.

Novolyze: The company raised $15 million of Series A venture funding in a deal led by WAVE Equity Partners on March 23, 2022. Sigma Gestion and other undisclosed investors also participated in the round. The company is a developer of tech-enabled solutions designed to assist food and beverage companies in enhancing food safety and quality performance.

Native Pet: The company raised $6 million of Series A venture funding in a deal led by CAVU Venture Partners on March 24, 2022. Mars and Selva Ventures also participated in the round. The company is a producer of pet-based organic supplements intended to offer an all-natural diet.

Mina: The company raised $4.5 million of venture funding from undisclosed investors on March 24, 2022. The company is an operator of a chain of restaurants in San Francisco, California.

Crown Affair: The company raised $4.5 million of venture funding from undisclosed investors on March 25, 2022. The company is a provider of hair care products designed to assist individuals in achieving healthy hair.

Better & Better: The company raised $4 million in venture funding led by Fifth Quarter Ventures on March 22, 2022. Dreamers VC, Azure Capital Partners, Alpaca Ventures, and other undisclosed investors also participated in the round. The company is a producer of natural ingredients-based, sustainable  personal care products.

Bite: The company raised $4 million of venture funding from undisclosed investors on March 24, 2022. The company is a developer of intelligent self-ordering kiosk software designed to personalize the food-service and retail experience.

SkinnyDipped: The company raised venture funding in the form of convertible debt from undisclosed investors on March 23, 2022. The company is a producer of almond-coated chocolates intended to serve as a quick snack.

Saturo Foods: The company raised an undisclosed amount of venture funding from Biogena Group Invest on March 22, 2022. The company is a producer of meal replacement drinks created to act as a healthy food alternative.


M&A Transactions

Childs Farm / PZ Cussons: The company was acquired by PZ Cussons for GBP 40 million on March 21, 2022. The company is an operator of a baby and skincare brand intended to soothe and moisturize the skin of newborns, babies, and children.

Die Wildmanufaktur / The New Meat Company: The company reached a definitive agreement to be acquired by The New Meat Company for an undisclosed amount on March 22, 2022. The company is a provider of game meat processing services.

Noble Popcorn / Almost Famous Popcorn: The company was acquired by Almost Famous Popcorn for an undisclosed amount on March 22, 2022. The company is a producer and retailer of popcorn based in Sac City, Iowa.

Norvik Foods / Meatex: The company was acquired by Meatex for an undisclosed amount on March 24, 2022. The company is a manufacturer of fish cakes and other seafood products.

Novelty Cone / Joy Cone Company: The company was acquired by Joy Cone Company for an undisclosed amount on March 23, 2022. The company is a provider of waffle and cone food products based in Pennsauken, New Jersey.

ProCani / Undisclosed Investor: The company was acquired for an undisclosed amount on March 24, 2022. The company is a producer of food products intended for pets and animals.

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