Consumer Private Placement and M&A Transactions Review Week Ending June 19 2022

Wonder: The company raised $350 million of Series B venture funding in a deal led by Bain Capital Ventures on June 14, 2022, putting the company’s pre-money valuation at $3.5 billion. New Enterprise Associates, Accel, General Catalyst, GV and Forerunner Ventures also participated in the round. The company is an operator of a cloud kitchen platform intended to provide high-profile chef recipes.

Little Leaf Farms: The company raised $300 million of venture funding in a deal led by TPG, Bank of America and The Rise Fund on June 15, 2022. The company is a producer of greenhouse-grown lettuce intended to supply locally grown leafy greens all year-round.

Magic Spoon: The company raised $85 million in Series B venture funding in a deal led by HighPost Capital on June 13, 2022, putting the company’s pre-money valuation at $300 million. Siddhi Capital, Coefficient Capital, Constellation Capital (NYC), The Chainsmokers, Halsey, Russell Westbrook, Shakira Isabel Mebarak Ripoll, Carter Comstock, Nick Jonas, Dmitry Grishin, Odell Beckham Jr., Amy Schumer, Nasir bin Olu Dara Jones, and other undisclosed investors also participated in the round. The company is a producer of high protein, low carb specialty breakfast cereals.

Moleaer: The company raised $47.5 million of Series C venture funding in a deal led by Husqvarna and Apollo Global Management on June 13, 2022. The company is a developer of nanobubble generators designed to deliver and ensure sustainable and chemical-free water quality improvement.

HappyVore: The company raised EUR 35 million of venture funding in a deal led by The Invus Group on June 17, 2022. Adrien de Schompré, Philippe Cantet, Business Angels, and Bpifrance also participated in the round. The company is a producer of plant-based meat products based in France.

Peckwater Brands: The company raised GBP 15 million of Series A venture funding from Stonegate Pub, SoftBank Group and Pembroke Venture Capital Trust on June 13, 2022, putting the company’s pre-money valuation at GBP 50 million. Fuel Ventures also participated in the round. The company is an operator of a food delivery company that offers delivery franchises to kitchen operators.

Mozza Foods: The company raised $6.8 million of Series A venture funding from undisclosed investors on June 14, 2022, putting the company’s pre-money valuation at $35 million. The company is a producer of plant-based cheese intended to have the same amount of protein that is found in cow’s milk.

KnowSeafood: The company raised $650,000 of venture funding in the form of Convertible Debt from undisclosed investors on June 14, 2022. The company is an operator of an online seafood platform intended to offer direct access to quality sustainable and natural seafood.

FarmSense: The company is in the process of raising Series A venture funding. The company is a developer of smart pest monitoring and control systems designed to raise safety awareness in the farming community.

Moolec / LightJump Acquisition: The company reached a definitive agreement to acquire LightJump Acquisition through a reverse merger, resulting in the combined entity trading on the Nasdaq Stock Exchange under the ticker symbol MLEC on June 15, 2022. The company is an operator of an ag-food tech intended to consolidate projects in the molecular farming space.

app smart / OrderYOYO: The company reached a definitive agreement to be acquired by OrderYOYO for DKK 222 million (approximately US$31.5 million) on June 17, 2022. The company is a developer of web and application shop systems as well as a digital cash register system intended for the gastronomy sector.

Dorot Gardens / Diplomat Holdings: The company was acquired by Diplomat Holdings (TAE: DIPL) for NIS 76 million (approximately US$22.1 million) on June 16, 2022. The company is a producer of frozen vegetable and seasoning products based in Israel.

Heil-Und Mineralquellen Germete / Krombacher: Krombacher reached a definitive agreement to acquire the company, a subsidiary of Altmühltaler Mineralbrunnen, for an undisclosed amount on June 13, 2022. The company is a producer of mineral water and soft drinks based in Warburg, Germany.

Hyperion Grow Lights / MIDSTREAM LIGHTING: The company reached a definitive agreement to be acquired by MIDSTREAM LIGHTING for an undisclosed amount on June 14, 2022. The company is a designer and manufacturer of growth lights for commercial growers.

KB Ingredients / EUROGERM USA: The company was acquired by EUROGERM USA, a subsidiary of EUROGERM, for an undisclosed amount on June 16, 2022. The company is a manufacturer of food ingredients intended to serve the baking and confectionery industries.

Long Trail Brewing / Harpoon Distributing Company: The company reached a definitive agreement to be acquired by Harpoon Distributing Company for an undisclosed amount on June 17, 2022. The company is a producer and distributor of craft beers and ales.

Macaran Printed Products / Syracuse Label & Surround Printing: The company reached a definitive agreement to be acquired by Syracuse Label & Surround Printing for an undisclosed amount on June 13, 2022. The company provides pressure sensitive labels and specialty labels primarily to the food and beverage industry.

Missoula Fresh Market / Yoke’s Fresh Markets: The company reached a definitive agreement to be acquired by Yoke’s Fresh Markets for an undisclosed amount on June 15, 2022. The company is an operator of a supermarket based in Missoula, Montana.

Rococo Chocolates / Polo del Gusto: The company was acquired by Polo del Gusto, a subsidiary of Gruppo illy, for an undisclosed amount on June 13, 2022. The company is a producer of packaged artisan chocolates and sweets.

Shop-N-Save Food Centers / SpartanNash: The company was acquired by SpartanNash (NAS: SPTN) for an undisclosed amount on June 14, 2022. Shop-N-Save Food Centers is a three-store grocery chain based in Benzonia, Michigan.