Consumer Private Placement and M&A Transactions Review Week Ending August 21 2022

Strategy | Financing Highlight
“Three to five years ago, the big strategics were sprinkling money around, but you are now seeing more focus from them,” said Jonathan Hodson-Walker, managing partner of Silverwood Partners, an investment banking firm that advises CPG brands. “The strategics are still making minority investments, but they are less interested in buying small brands that are experimental and can’t be $100M businesses. Supply chains and scale are very important to them right now.”
Silverwood Partners Features in Organic Insider – Read the article here

Private Placement / Financing TransactionsEat Just: The company raised $25 million of venture funding from C2 Capital Partners and other undisclosed investors on August 17, 2022. The company is a producer of plant-based egg products intended to offer a healthy, animal-friendly, and nutritional food alternative.

Chamberlain Coffee: The company raised $7 million of Series A venture funding in a deal led by Blazar Capital on August 16, 2022. Ole Kristoffersen, Steen Skallebaek, Brandon Brown, Nik Sharma and Ken Sadowsky also participated in this round. The company is a producer and retailer of high-quality coffee that has been sustainably sourced and made, and its related products.

Byte Kitchen: The company raised $6 Million venture funding in a deal led by Crosslink Capital, Emergent Ventures and Kevin Mahaffey on August 16, 2022. Correlation Ventures, WndrCo, Soma Capital, Y Combinator, Shawn Tsao, Bruce Dean and Edna Morris also participated in the round. The company is a developer of ghost kitchen food halls, called Noshery Food Halls, that house up to eight local restaurants that license their brands to Byte, which cooks the food and runs the facility.

Atarraya: The company raised $3.9 million of Series A venture funding in a deal led by Jeffrey Horing on August 15, 2022, putting the company’s pre-money valuation at $37.1 million. Robert Stavis, Mark Gormley, Geoffrey Kalish, Robert Goodman and other undisclosed investor also participated in the round. The company is a developer of an AI automation technology designed to make shrimp into a sustainable, accessible, and nutritious animal protein source.

MiAlgae: The company raised GBP 2.3 million of venture funding in a deal led by Ascension on August 17, 2022, putting the company’s pre-money valuation at GBP 10.00 million. SIS Ventures, Equity Gap, Old College Capital, Scottish Enterprise, and other undisclosed investors also participated in the round. The company is a producer of microalgae intended to offer a replacement to fishmeal in animal food.

Happy Viking: The company raised $2 million of venture funding in a deal led by Venus Williams, Serena Williams, Talent Resources Ventures, Robin Arzón, Michelle Wie West Megan Rapinoe, Reilly Opelka, Isaiah Hartenstein, and Collin Sexton on August 16, 2022. Talent Resources Ventures, Mates, Parallel, and Oliver Trevena also participated in the round. The company, founded by Venus Williams, is a provider of plant-based, superfood meals and drinks.

Sensoterra: The company raised venture funding from Future Food Fund and ROM Utrecht Region on August 16, 2022. The company is a developer of wireless soil moisture sensors designed for smart farming and landscaping optimization.
M&A TransactionsSing Trix / Embracer Group: The company reached a definitive to be acquired by Embracer Group for an undisclosed amount on August 18, 2022. The company is a manufacturer of karaoke machines based in New York, United States.

Great Lakes Kraut Foods / Fermented Food Holdings: The company was acquired by Fermented Food Holdings for an undisclosed amount on August 16, 2022. The company is an operator of a fermented food products business.

Leysieffer Genusskultur / Zeitfracht Logistik: The company was acquired was Zeitfracht Logistik for an undisclosed amount on August 16, 2022. The company offers coffee capsules, roasted coffee, chocolate bars, dark chocolate, semi-sweet chocolate and pastries as well as butter cheese sticks, butter vanilla crescent, fruit spreads and truffles to customers.

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