Strategy | Financing Highlight
Private Placement / Financing Transactions
Once Upon a Farm: The company raised $52 million of Series D venture funding in a deal led by CAVU Venture Partners on March 9, 2022. S2G Ventures, Beechwood Capital, and Cambridge Companies SPG also participated in the round. The company is a producer of cold-pressed organic baby food.
Cleveland Kitchen: The company raised $17.1 million of venture funding from undisclosed investors on March 11, 2022. The company is a producer of culinary fermented foods that are a great source of probiotics and enzymes.
Partake Brewing: The company raised $16.5 million of Series B venture funding in a deal led by Powerplant Ventures and Amberstone on March 7, 2022. McLean & Associates, Barrel Ventures, and CircleUp Network also participated in the round. The company is a producer of non-alcoholic beer.
UPSIDE Foods: The company raised $14 million of venture funding from Cargill, Tyson Ventures, and Whole Foods Association on March 7, 2022. SoftBank Investment Advisers, Threshold Ventures, Norwest Venture Partners, Richard Branson, Kimbal Musk, John Mackey, and Bill Gates also participated in the round. The company is a producer and seller of real meat products harvested from cells instead of animals.
A-Frame: The company raised $11.2 million of venture funding from undisclosed investors on March 10, 2022. The company is a developer of personal care products designed to meet the everyday needs of underserved communities.
Serve Robotics: The company raised $10 million of venture funding from Nvidia on March 8, 2022. Other undisclosed investors also participated in the round. The company is a provider of robotic delivery services.
Aspire Food Group: The company raised KRW 10 billion of venture funding from Lotte Confectionery on March 10, 2022. The company is a developer of a farming technology designed to extract animal protein from insects.
Muniq: The company raised $6 million of venture funding in the form of SAFE notes from undisclosed investors on March 8, 2022. The company is a manufacturer and retailer of nutrition shake products intended for prevalent health conditions.
Synbiotic Health: The company closed on $6 million of an undisclosed targeted amount of venture funding in the form of a convertible debenture on March 7, 2022. The company is a developer of natural health products designed to develop ecologically advanced microbiome ingredients for healthy living.
Farmshelf: The company raised $5.8 million of venture funding from undisclosed investors on March 10, 2022. The company is a developer of smart indoor farms designed to grow produce at homes or restaurants.
Snif: The company raised $4.2 million of venture funding from Gaingels, Sugar Capital, and 10X Capital on March 11, 2022. Uncommon Denominator and Nik Sharma also participated in the round. The company is a provider of online try-before-you-buy fragrance retailing intended to simplify the fragrance-buying experience for consumers.
Perfeggt: The company raised EUR 3.6 million of venture funding from Urania Ventures, Albert Schmidbauer, and Lea-Sophie Cramer on March 10, 2022. Verena Pausder, Eric Quidenus-Wahlforss, Deepali Nangia, and other undisclosed investors also participated in the round. The company is a producer of vegan food products intended to provide chicken-less alternatives for eggs.
Big Bold Health: The company raised $4 million through Series A and venture funding from S2G Ventures on March 8, 2022, putting the company’s pre-money valuation at $8 million. The company is a developer of health and wellness products designed to improve immune health.
Fun Wine: The company raised $1.1 million of venture funding from eighteen undisclosed investors on March 9, 2022. The company is a producer of wine intended to offer carbonated, flavored wine in bottles based on Miami’s distinct art, fashion, and music culture.
M&A Transactions
Basis: Clean Hydration / Creatd: The company was acquired by Creatd Ventures, a subsidiary of Creatd, for an undisclosed amount on March 7, 2022. The company is a manufacturer of electrolyte drinks headquartered in Denver, Colorado.
Beechgrove Country Foods / Premium Brands: The company was acquired by Premium Brands for an undisclosed amount on March 10, 2022. The company is a producer of food products intended to serve pizza chains, manufacturers of prepared foods, and independent pizzerias.
Chocolats Glatigny / Individual Investor: The company was acquired by Mr. Delphine Rochefort for an undisclosed amount on March 11, 2022. The company is a producer and retailer of chocolates based in Alencon, France.
Dinr / Somm: The company was acquired by Somm (Foodtech) for an undisclosed amount on March 10, 2022. The company is an operator of a mobile restaurant reservation application intended to match last-minute diners with popular restaurants on a same-day basis.
Energy Snacks / Xmiles: The company was acquired by Xmiles for an undisclosed amount on March 9, 2022. The company is a retailer of nutrition products for sports endurance.
Frichti / Gorillas: The company was acquired by Gorillas for an undisclosed amount on March 10, 2022. The company is a developer of an online food ordering platform designed to connect consumers to restaurants.
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