Consumer Private Placement and M&A Transactions Review Week Ending May 21, 2023

Air Protein: The company raised $74.9 million of venture funding from ADM Ventures, GV, and The Ford Family Foundation on May 18, 2023. Barclays and other undisclosed investors also participated in the round. The company is a developer of a meat alternative technology designed to create protein out of carbon dioxide.

Prime Roots: The company raised $30 million of Series B venture funding from Monde Nissin, Prosus Ventures and Diamond Edge Ventures on May 15, 2023, putting the company’s pre-money valuation at $78 million. Solasta Ventures, Meach Cove Capital, Alumni Ventures, Gaingels, SOSV, True Ventures, Pangaea Ventures, The House Fund, Top Tier Capital Partners, IndieBio, Plug and Play Tech Center and Hyphen Capital also participated in the round. The company is a producer of plant-based food products intended to offer meat and seafood alternatives.

Milk Bar: The company raised $22.3 million of venture funding from undisclosed investors on May 19, 2023. The company is an operator of a dessert chain that sells a creative menu of dessert offerings.

Chewsy: The company raised $17.5 million of venture funding from undisclosed investors on May 17, 2023. The company is a producer of vitamin gummies.

Miso Robotics: The company raised $15 million of Series A1 venture funding from Ecolab and other undisclosed investors on May 19, 2023. The company is a developer of an autonomous robotic kitchen assistant designed to make food consistently.

Inevitable: The company raised an estimated $14.7 million of Series A venture funding from Blue Chip Venture, At One Ventures and R7 on May 15, 2023, putting the company’s pre-money valuation at $35 million. Amplify Partners, Pathbreaker Ventures, Eniac Ventures, Zero Carbon Partners and Breakthrough Energy Ventures also participated in the round. The company is a developer of farming technology designed to accelerate widespread sustainable agriculture.

About Time Coffee: The company raised an estimated $10 million of venture funding from Hat-trick Capital, ZhenFund and IDG Capital on May 16, 2023, putting the company’s pre-money valuation at an estimated $30 million. The company is a provider of customized, quick serve espresso coffee.

Nosotros Tequila: The company raised $6.5 million of venture funding from undisclosed investors on May 17, 2023. The company is a producer of sustainably sourced, craft tequila spirits.

GoodLeaf Community Farms: The company received an undisclosed amount of development capital from LIOS Partners and Export Development Canada on May 17, 2023. The company is a developer of vertical farming technology intended to produce fresh leafy greens in a controlled and clean environment.

Anglia Crown / BonCulina: The company was acquired by BonCulina for an undisclosed amount on May 16, 2023. The company is a producer and distributor of chilled and frozen meals intended to promote the well-being and healthy recovery of patients in hospitals and care facilities.

Carole’s Cheesecake Company / Ardor Corporation: The company was acquired by Ardor Corporation for an undisclosed amount on May 19, 2023. The company is an operator of a food and beverages company based in Toronto, Canada.

Country Club Desserts / Specialty Desserts: The company was acquired by Specialty Desserts for an undisclosed amount on May 18, 2023. The company is a manufacturer of frozen desserts based in Pennsylvania.

Creative Baking / Specialty Desserts: The company was acquired by Specialty Desserts for an undisclosed amount on May 18, 2023. The company is a producer of frozen cheesecakes based in Pennsylvania.

Furlani Foods / Entrepreneurial Equity Partners: The company was acquired by Entrepreneurial Equity Partners and the Kawaja Family through an LBO on May 16, 2023 for an undisclosed amount. The company is a producer of baked foods intended to serve North America’s retailers and food service operators.

London Fields Brewery / Grace Land Group: The company, a subsidiary of Carlsberg was acquired by Grace Land Group for an undisclosed amount on May 18, 2023. The company is an operator of a beer brewery based in Hackney, London.

Mark Herold Wines / Individual Investor: The company was acquired by Mr. Brion Wise for an undisclosed amount on May 17, 2023. The company is an operator of a vineyard based in Napa, United States.

Matsukas Food / Future Foods, Ltd.: The company was acquired by Future Foods on an undisclosed date. The company is a producer of seafood salads based in the United States.

Maxi-Krisp U.S.A / Silverado Foods: The company was acquired by Silverado Foods on an undisclosed date. The company is a manufacturer of snack and food products based in Norcross, Georgia.

Renzi Foodservice / US Foods: The company reached a definitive agreement to be acquired by US Foods for an undisclosed amount on May 19, 2023. The company is a distributor of food products intended to serve the foodservice industry of central, Western and Northern New York State.

Sonoma Creamery / Atalanta: The company was acquired by Atalanta for an undisclosed amount on May 16, 2023. The company is a producer of premium cheese and snack items sourced from all-natural and preservative-free ingredients.

Teusser Mineralbrunnen / Eurocov: The company was acquired by Eurocov Getränke and Eurocov Equity for an undisclosed amount on May 17, 2023. The company is a producer and distributor of beverages in Löwenstein-Teusserbad, Germany.