Consumer Private Placement and M&A Transactions Review Week Ending December 4 2022

BeeHero: The company raised $42 million of Series B venture funding in a deal led by Convent Capital on December 1, 2022. MS&AD Ventures, General Mills, UpWest, iAngels, J-Ventures, Firstime, Gaingels, Plug and Play Tech Center, Roy Rubin, Rabobank Group and Cibus Capital also participated in the round. The company is an operator of a beehive technology platform designed to maximize crop yields through precision pollination.

Huel: The company raised $24 million of Series B venture funding in a deal led by Highland Europe on December 1, 2022, putting the company’s pre-money valuation at $536 million. Idris Elba, Sabrina Elba, Grace Beverley, Jonathan Ross, and other undisclosed investors also participated in the round. The company is a producer of nutritionally complete powders intended to offer a healthy, convenient and affordable meal supplement with minimal effort.

Microphyt: The company raised EUR 15 million of Series B venture funding in a deal led by BOLD (Business Opportunities for L’Oréal Development) on November 29, 2022. iXO Private Equity, Sofilaro, Sofinnova Partners, Bpifrance, Supernova Invest and IRDI Capital Investissement also participated in the round. The company is a developer of natural bioactive products intended to offer dietary supplements.

Ketos: The company raised $8.27 million of Series B venture funding from Accenture Ventures, Ajax Strategies and Motley Fool Ventures on November 30, 2022, putting the company’s pre-money valuation at $46 million. Scott Saslow and Envisioning Partners also participated in the round. The company is a developer of actionable water analytics technology designed to measure, manage and forecast water quality and efficiency in agricultural, industrial, and municipal applications.

Peatos: The company raised $5 million of Series A3 venture funding in a deal led by Post Holdings on November 30, 2022. The company is a producer of healthy snacks intended to serve as an alternative to junk food.

Smoodi: The company raised $5 million of Series A venture funding on December 2, 2022. The company is a developer of an automated smoothie machine and delivery platform designed to provide flavored smoothies.

ZICO: The company received $4 million of development capital from undisclosed investors on December 1, 2022. The company is a producer of coconut water beverages.

Babylon: The company raised $3.8 million of venture funding from undisclosed investors on November 30, 2022. The company is a developer of an on-demand indoor farming technology designed to make sustainable indoor farming more accessible.

MeliBio: The company raised $2.2 million of venture funding from Collaborative Fund, Siddhi Capital and Jim Greenbaum on November 29, 2022. The company is a producer of vegan nectar products intended to act as a healthy molecularly identical alternative to honey.

otherworld: The company raised $1.8 million of venture funding through a combination of debt and equity on November 30, 2022. The company is a producer of plant-based pancakes and waffles intended for healthy breakfast alternatives.

Spiceology: The company raised $1.3 million of venture funding from undisclosed investors on November 29, 2022. The company is a producer of flavored spices intended to deliver freshly ground gourmet rubs.

2FIT BRANDS: The company raised an undisclosed amount of venture funding from McGovern Capital in approximately December 2022. The company is an operator of a food and beverage service company.

Keany Produce and Gourmet: The company received an undisclosed amount of development capital from Yukon Partners and Blue Road Capital in December 2022. The company is a producer and distributor of fresh fruits and vegetables.

Lettuce Grow: The company raised an undisclosed amount of venture funding from Gather Ventures in December 2022. The company is a developer of a vertical gardening device designed to cultivate crops without the need for a big yard.

OnePointOne: The company raised an undisclosed amount of venture funding from Fortistar in approximately December 2022. The company is a developer of a cultivation platform intended to provide an automated vertical farming system to improve plant-based foods and medicines.

Superzeros: The company raised an undisclosed amount of venture funding from NM Capital in approximately December 2022. The company is a producer of cereal breakfast food.

AgEye Technologies / Nouryon Chemicals Holding: The company received an undisclosed amount of financing from Nouryon Chemicals Holding on November 30, 2022. The company is a developer of an AI-powered indoor farming platform designed to monitor all plants in vertical farms and greenhouses.

Cagette & Paprika / Elo Croix: The company was acquired by Elo Croix for an undisclosed amount on November 29, 2022. The company is an operator of a grocery delivery platform based in Lille, France.

Dot Bagel / Kennedy & Rhind: The company was acquired by Kennedy & Rhind for an undisclosed amount on December 2, 2022. The company is a producer of food products intending to bring New York-style bagels to Newcastle, United Kingdom.

FarmersWeb / Full Harvest: The company was acquired by Full Harvest for an undisclosed amount on November 30, 2022. The company is a developer of a farm inventory management software designed to connect buyers and sellers of wholesale food.

Forgoodnesscakes / Sweethaus.com: The company was acquired by Sweethaus.com for an undisclosed amount on November 28, 2022. The company is a producer of homemade cakes in Norcross, Georgia.

Liberty Fruit / Davis Russ Wholesale: The company was acquired by Davis Russ Wholesale for an undisclosed amount on December 2, 2022. The company is a wholesaler of fruits intended to serve customers throughout Kansas, Missouri, Nebraska, Oklahoma, Iowa, Arkansas, Illinois and Texas.

MaxiCoffee / Luigi Lavazza: The company reached a definitive agreement to be acquired by Luigi Lavazza for an undisclosed amount on November 28, 2022. The company is a manufacturer of coffee vending machines and products intended for hospitals, restaurants, offices and other public places.

Owensboro Grain / Cargill: The company reached a definitive agreement to be acquired by Cargill for an undisclosed amount on November 28, 2022. The company is a producer of oil intended to offer soybean-based products and edible oil for human and animal consumption.

Quesada Burritos & Tacos / Foodtastic: The company reached a definitive agreement to be acquired by Foodtastic for an undisclosed amount on December 2, 2022. The company is an operator of a restaurant chain based in Toronto, Canada.

Rise Bar / USANA Health Sciences: The company was acquired by USANA Health Sciences for an undisclosed amount on November 28, 2022. The company is a manufacturer of protein bars.

Sway Energy / Golden Grail Technology: The company was acquired by Golden Grail Technology for an undisclosed amount on December 1, 2022. The company is a producer of energy drinks based in Beverly Hills, California.

TB Brown Instant Coffee / Sucafina: The company was acquired by Sucafina for an undisclosed amount on November 29, 2022. The company is a producer of instant coffee catering to B2B customers in different sectors such as industry, vending, and retail.

Troy Foods / Fylde Fresh And Fabulous Limited: The company was acquired by Fylde Fresh And Fabulous Limited for an undisclosed amount on December 1, 2022. The company is a producer of prepared vegetables and food products headquartered in Leeds, England.