Consumer Private Placement and M&A Transactions Review Week Ending August 4, 2024

Oats Overnight: The company raised $35 million in Series B venture funding in a deal led by Enlightened Hospitality Investments on July 29, 2024, putting the company’s pre-money valuation at $195 million. Sonoma Brands Capital, Morrison Seger, Singh Capital Partners, BFG Partners and Impatient Ventures also participated in the round. The company is a producer of overnight oatmeal breakfast cups.

Mountain West Brands: The company received $14 million of development capital from Stonehenge Capital on August 1, 2024. The company is an operator of restaurants based in Salt Lake City, Utah.

Leaf: The company raised $11.3 million of Series A venture funding in a deal led by Spero Ventures on July 31, 2024. SP Ventures, S2G Ventures, Radicle, and other undisclosed investors also participated in the round. The company is a developer of agricultural data software that connects farm data across agricultural data providers, offering a standardized and scalable farm information solution.

Force of Nature: The company closed on $5 million of an undisclosed targeted amount of venture funding from Hamilton Square Investments on August 1, 2024, putting the company’s pre-money valuation at $10 million. The company is a producer of ground meat products.

Love Corn: The company received $4 million of development capital from Melitas Ventures and other undisclosed investors on July 31, 2024. The company is a producer of snack products derived from roasted corn.

Delivers.AI: The company raised GBP 3 million of venture funding from Istanbul Technical University, Japan Post Capital and Turkey Development Fund on August 2, 2024. Impetus Capital also participated in the round. The company is a developer of autonomous robots designed for food and grocery deliveries.

Lavva: The company is in the process of raising $3.5 million of venture funding in the form of convertible notes on July 31, 2024. The company is a producer of dairy-free, soy-free, and gluten-free food alternatives.

Elevate Vertical Farms: The company raised $2.5 million of venture funding from Brightspark Ventures, Orange Ridge Capital and other undisclosed investors on July 30, 2024. The company is an operator of a vertically-stacked indoor farming business.

San Juan Seltzer: The company raised $1.3 million of venture funding in a combination of equity, options and warrants from undisclosed investors on July 31, 2024. The company is a producer of alcoholic sparkling water based in Seattle, Washington.

Woodspur Farms: The company received an undisclosed amount of development capital from Renewable Resources Group in August, 2024. The company is a producer of dates and date-based food products.

Cepasco / Apheon: The company was acquired by Haudecoeur, via its financial sponsors Stags Participations and Apheon, through an LBO on July 30, 2024 for an undisclosed amount. The company is a manufacturer of spices and food compounds catering to the wholesale and professional food service markets.

Gemsa Enterprises / Marubeni: The company was acquired by Marubeni for an undisclosed amount on July 31, 2024. The company is a manufacturer and distributor of virgin olive oil.

Glow Concept / CORE Industrial Partners: The company was acquired by CORE Industrial Partners through an LBO on July 30, 2024 for an undisclosed amount. The company is an operator of an online platform that provides natural beauty products.

Hill Biscuits / Cerealto Siro: The company was acquired by Cerealto Siro, via its financial sponsors Afendis Capital Partners and Davidson Kempner Capital Management, through an LBO on July 31, 2024 for an undisclosed amount. The company is a producer of biscuits, snack packs, mini packs and assorted biscuit trays for the retail and food service markets.

Killer Brownie / Irresistible Foods Group: The company was acquired by Irresistible Foods Group for an undisclosed amount on August 2, 2024. The company is a producer of gourmet brownies from sustainable and clean ingredients.

Monterey Fish Company / Cal Marine Fish Company: The company was acquired by Cal Marine Fish Company for an undisclosed amount on July 31, 2024. The company is a producer of fish and other fish-related products based in Salinas, California.

Saltaire Brewery / Paramount Retail Group: The company was acquired by Paramount Retail Group for an undisclosed amount on July 31, 2024. The company is a producer of craft beer.

SePRO / Stanley Capital: The company was acquired by Stanley Capital and Goldman Sachs Asset Management through an LBO on July 29, 2024 for an undisclosed amount. The company is a manufacturer of sustainable agriculture-based specialty chemicals.

Sushi Avenue / Sojitz: The company was acquired by Sojitz for an undisclosed amount on July 30, 2024. The company is an operator of a Japanese sushi restaurant.