Strategy | Financing Highlight

Private Placement / Financing Transactions

Season: The company raised $59 million through a combination of Series A-1, Series A-2 and Series A-3 venture funding in a deal led by Andreessen Horowitz on April 8, 2022. LRV Health, Company Ventures and other undisclosed investors also participated in the round. The company is an operator of food as medicine platform intended for clinicians to prescribe condition-specific nutrition.

Square Roots: The company raised $41 million of venture funding from undisclosed investors on April 07, 2022. The company is an operator of an indoor urban farming business intended to connect people in cities to local and real food.

Umiami: The company raised EUR30 million of Series A funding led by Astanor Ventures, Redalpine Venture Partners, and French Partners on April 6, 2022. Newfund Management, Verso Capital, Kima Ventures, Bpifrance, and other undisclosed investors also participated in this round. The company is a developer of a plant-based food technology designed to reduce meat consumption.

Better Origin: The company raised GBP 12.2 million of Series A venture funding in a deal led by Balderton Capital on April 7, 2022. Fly Ventures and Metavallon VC also participated in the round. The company is a developer of insect mini-farms designed to convert waste biomass into insect biomass, rich in proteins and fats.

Brilliant Planet: The company raised $12 million of Series A venture funding from Toyota Ventures, Future Positive, S2G Ventures on April 7, 2022. AiiM Partners, Union Square Ventures, and other undisclosed investors also participated in the round. The company is a producer of algal biomass intended to provide aquaculture and animal feed.

Scotch Porter: The company raised $11 million of Series B venture funding in a deal led by Pendulum Holdings on April 08, 2022. The company is a producer of men’s grooming products for beard, skin, and hair care.

Mid-Day Squares: The company raised $10 million of Series C venture funding led by Siddhi Capital on April 7, 2022. BFG Partners, Selva Ventures, Harlo Entertainment, and 12 other angel investors also participated in the round. The company is a producer of chocolate nutrition bars intended to offer healthy snacking alternatives.

Saltalk: The company raised $7 million of venture funding from undisclosed investors on April 6, 2022. The company is an operator of a cloud kitchen intended to deliver authentic Asian meals to its customers.

Kooky.: The company raised EUR 6 million of venture funding from Unternehmertum Venture Capital Partners, Emmanuel Thomassin, and Alois Flatz on April 6, 2022. The company is a developer of a digital reusable system designed to provide alternative solutions for disposable tableware.

RIOT Energy: The company raised $5 million of venture funding from undisclosed investors on April 6, 2022. The company is a manufacturer of plant-powered energy drinks.


M&A Transactions

Enhanzz / Zinzino: The company was acquired by Zinzino for EUR 5.5 million on April 6, 2022. The company will receive a contingent payout of EUR 4.5 million. The company is a manufacturer of skincare products and food supplements based in Alpnach, Switzerland.

Smpl Oats / Vegano: The company reached a definitive agreement to be acquired by Vegano for approximately CAD 3 million on April 4, 2022. The company is a producer and retailer of milk-alternative beverage products based in Vancouver, Canada.

Retox Beverage Co. / Koios Beverage: The company reached a definitive agreement to be acquired by Koios Beverage for $1.5 million on April 5, 2022. The deal is anticipated to be completed on or before April 30, 2022. The company produces soft beverages, sodas and seltzers with a focus on formulating unique mixes of fruits and sodas specifically for the bar mix industry.

All Phyto / Laboratoire Phytocontrol: The company was acquired by Laboratoire Phytocontrol for an undisclosed amount on April 5, 2022. The company is a provider of quality control services intended for aromatic and medicinal plants, spices, aromatics and ingredients of natural origin.

Austin Cocktails / Constellation Brands: The company was acquired by Constellation Brands for an undisclosed amount on April 7, 2022. The company is a provider of crafted cocktail drinks made from natural ingredients.

FloWater / The Bluewater: The company was acquired by The Bluewater on April 8, 2022. The company is an operator of reusable water bottle refilling stations intended to provide fresh and purified water without plastic waste.

Hadecoup / Idun Industri: The company was acquired by Idun Industri, a subsidiary of Orkla Food Ingredients, for an undisclosed amount on April 4, 2022. The company is a distributor of ice cream ingredients and accessories based in Herk-de-stad, Belgium.

Lacka Foods / Weetabix: The company was acquired by Weetabix, a subsidiary of Post Holdings for an undisclosed amount on April 6, 2022. The company is a producer of chilled and frozen foods.

Lingua Franca / Constellation Brands: The company was acquired by Constellation Brands for an undisclosed amount on April 7, 2022. The company is a producer of premium wines from the Willamette Valley, Oregon.

Regatta Tropicals / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on April 7, 2022. The company is a wholesaler and distributor of fruits catering to chain stores, food service companies, and wholesalers.

Vinespring / Commerce7: The company was acquired by Commerce7 for an undisclosed amount on April 4, 2022. The company is an operator of eCommerce and membership management platform intended to reduce the complexity of selling alcoholic beverages directly to consumers.

Westrock Coffee Company / Riverview Acquisition: The company reached a definitive agreement to acquire Riverview Acquisition through a reverse merger, resulting in the combined entity trading on the Nasdaq stock exchange under the ticker symbol WEST on April 4, 2022. The company is an operator of a private label coffee company focused on integrated coffee, tea and extract service in the United States.

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