Consumer Private Placement and M&A Transactions Review Week Ending Feb 18, 2024

Blank Street: The company raised $38.7 million of Series B venture funding from FJ Labs, HOF Capital and General Catalyst on February 13, 2024, putting the company’s pre-money valuation at $150 million. Tiger Global Management, Left Lane Capital and Brand Building Ventures also participated in the round. The company is an operator of a retail coffee shop chain.

White River Soy Processing: The company raised $14.5 million of venture funding from undisclosed investors on February 15, 2024. The company is a developer and operator of oilseed processing facilities.

Agriloops: The company raised EUR 13 million of venture funding from UI Investissement, BNP Paribas Développement, and Good Only Ventures on February 16, 2024. SPV Aqua Invest and Transitions First also participated in the round. The company is a developer of aquaponics-based farming solutions.

Odyssey Elixir: The company raised $6 million of venture funding from Richard Laver and other undisclosed investors on February 12, 2024. The company is a producer of functional mushroom beverages.

Tecton Life: The company closed on $5.5 million of a planned $10 million round of Series A Early stage venture from an undisclosed Investor on February 19, 2024. The company is an provider of health beverages and energy drink products.

Pipcorn: The company raised $4.5 million of venture funding through a combination of convertible debt and equity from undisclosed investors on February 14, 2024. The company is a producer of corn-based packaged snacks.

MyForest Foods: The company raised $3.5 million of venture funding from undisclosed investors on February 15, 2024. The company is a provider of plant-based whole-cut meats.

Ready Coffee: The company raised $2.2 million of Series B venture funding from undisclosed investors on February 13, 2024, putting the company’s pre-money valuation at $48.8 million. The company is an operator of a retail coffee shop chain.

Myco: The company raised GBP 1.5 million of venture funding from undisclosed investors on February 13, 2024. The company is a manufacturer of prepared meals and mushroom-based meat alternatives.
The Uncommon: The company received GBP 1.2 million of financing from undisclosed investors on February 14, 2024. The company is a producer of sparkling wine and spritzers based in London, United Kingdom.

CoreBev: The company raised $1 million of Series A venture funding from undisclosed investors on February 14, 2024. The company is a provider of ready-to-drink alcohol products and spirits.

7 Brew Coffee: The company received an undisclosed amount of development capital from Blackstone on February 14, 2024. The company is an operator of a drive-through coffee shop chain.

Dropz: The company raised an undisclosed amount of venture funding from Redalpine Venture Partners on February 16, 2024. The company is a producer of pellet additives for flavoring water.

Layenberger Nutrition Group: The company received an undisclosed amount of development capital from AG Capital on February 12, 2024. The company is a producer of functional food, nutrition and supplement products.

Spicewell: The company raised an undisclosed amount of venture funding from Joyance Partners, Entrepreneur Ventures and Furthermore Ventures on February 12, 2024. The company is a manufacturer of better-for-you seasonings.

Benson Hill Ingredients / White River Soy Processing: The company, a subsidiary of Benson Hill, was acquired by White River Soy Processing for $72 million on February 13, 2024. The company is an operator of a soybean processing company and facility.

Gelazur / Wismettac: The company reached a definitive agreement to be acquired by Wismettac for an undisclosed amount on February 14, 2024. The company is a supplier of frozen raw and ready-to-cook seafood in Europe.

Good Chef / Freasy: The company was acquired by Freasy, via its financial sponsor PMH Investments, through an LBO on February 12, 2024 for an undisclosed amount. The company is a producer of frozen plant-based meals.

Hofmann Sausage / Miami Beef Company: The company was acquired by Miami Beef Company, via its financial sponsor Trivest Partners, through an LBO on February 13, 2024 for an undisclosed amount. The company is a producer of sausages and meat products based in Syracuse, New York.

Shearer’s Snacks / Clayton, Dubilier & Rice: The company was acquired by Clayton, Dubilier & Rice through an LBO on February 13, 2024 for an undisclosed amount. The company is a manufacturer and distributor of snack products based in Massillon, Ohio.

Small Batch Organics / RIND Snacks: The company was acquired by RIND Snacks for an undisclosed amount on February 12, 2024. The company is a producer of snacks and other food products based in Manchester Center, Vermont.

TGV Distribution / Phoenix Partners Management: The company was acquired by Phoenix Partners Management, Mr. Pascal Arsenault and Ms. Stéphanie Toupin through an LBO on February 15, 2024 for an undisclosed amount. The company is a distributor of meat products.

Thinking Tree Spirits / Heritage Distilling: The company was acquired by Heritage Distilling, a subsidiary of Better World Acquisition, for an undisclosed amount on February 16, 2024. The company is a producer of spirits based in Eugene, Oregon.

Uprising Xtracts / MIT45: The company was acquired by MIT45 for an undisclosed amount on February 14, 2024. The company is a manufacturer of  kratom products located in New Jersey, United States.

Whole Earth Brands / Ozark Holdings: The company reached a definitive agreement to be acquired by Ozark Holdings for an undisclosed amount on February 13, 2024. The company is producer of plant-based sweeteners, flavor enhancers and other food products.