Strategy | Financing Highlight

Private Placement / Financing Transactions

MycoTechnology: The company raised $85 million of Series E venture funding in a deal led by Oman Investment Authority on March 30, 2022, putting the company’s pre-money valuation at $460 million. Siddhi Capital, Rage Capital, Sand Hill Angels, Nourish Ventures, Tyson Ventures, Bunge Ventures, Maple Leaf Foods, S2G Ventures, Evolution VC Partners, Gaingels, CGC Ventures, and Alphacy Investment also participated in this round. The company is a food technology business that uses mushroom mycelium to provide natural and innovative food ingredients.

Manifest Climate: The company raised Series A venture funding in a deal led by Business Development Bank of Canada and Climate Innovation Capital on March 31 2022. OMERS Ventures, GarageCapital, Golden Ventures, Bryker Capital, Active Impact Investments and other undisclosed investors also participated in the round. The company is a developer of a climate change risk management platform.

Core Biogenesis: The company raised EUR 10 million of Series A venture funding in a deal led by Siparex XAnge Venture on March 29, 2022. Blue Horizon Corporation, Entrepreneur First, Thia Ventures, and other undisclosed investors also participated in the round. The company is a developer of cost-efficient growth factors for applications in both cell therapy and the development of cultivated meat.

Acid League: The company raised $6.2 million of venture funding in a deal led by InvestEco Capital and BrandProject on March 29, 2022. Springdale Ventures and Rubin Family Office also participated in the round. The company provides flavored vinegars and vinaigrette condiments.

Polaris: The company raised EUR 5 million in venture funding in a deal led by Seventure Partners on March 29, 2022. Other undisclosed investors also participated in the round. The company is a provider of concentrated EPA/DHA fatty acids intended to offer nutritional lipids and Omega-3s.

Hylo Athletics: The company raised GBP 2.5 million of Series A venture funding in a deal led by Eka Ventures on March 28, 2022, putting the company’s pre-money valuation at GBP 7.9 million. Redrice Ventures, Patrick Bamford and other undisclosed investors also participated in this round. The company is an operator of a D2C sustainable sportswear brand that uses renewable materials.

Kuehnle Agrosystems: The company raised $3.2 million of venture funding from undisclosed investors on April 1, 2022. The company is a developer of bio-science products designed to produce specialty chemicals and raw materials.

NuSkool: The company raised $3 million of venture funding from undisclosed investors on March 31, 2022. The company is a producer of low sugar, healthy snack food bars.

Yellowbird Foods: The company raised $2 million of venture funding in the form of options and warrants from undisclosed investors on March 28, 2022. The company is a producer of all-natural, spicy pepper condiments.

Herb’N Eden: The company raised $1.2 million of venture funding in a deal led by Mercantile Venture Capital and The Core Venture Studio on March 31, 2022. The company is a provider of natural bath and beauty products.


M&A Transactions

InnovaDerma / Brand Architekts Group plc: The company reached a definitive agreement to be acquired by Brand Architekts Group plc for GBP 13.6 million on March 31, 2022. The company develops and sells various anti-ageing, body contouring, hair loss treatment and wellbeing products.

21seeds / Diageo: The company was acquired by Diageo for an undisclosed amount on March 31, 2022. The company is a manufacturer of fruit-infused tequila intended to provide fresh cocktail shots.

Banana Wave / Eat Beyond Global Holdings: The company was acquired by Eat Beyond Global Holdings for an undisclosed amount on April 1, 2022. The company is a producer of non-dairy beverage products.

Bentilia / Global Food and Ingredients: The company was acquired by Global Food and Ingredients for an undisclosed amount on March 28, 2022. The company is a producer of lentil-based, gluten-free pasta based in Las Vegas, Nevada.

Hometown International / Makamer: The company reached a definitive agreement to be acquired by Makamer, through a reverse merger, resulting in the combined entity trading on the Nasdaq Stock Exchange on April 1, 2022. Hometown International Inc provides sandwiches, soups, salads, deli meats/cheeses, hot/cold drinks, fresh bread/rolls, and small retail items for cooking, baking, and home use.

PGI Services / Brinton Business Ventures: The company was acquired by Brinton Business Ventures for an undisclosed amount on March 29, 2022. The company is a provider of food vending services catering to the corporate sector.

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