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

Inari: The company raised $103 million of Series F venture funding from Non-Government Schools Superannuation Fund, Flagship Pioneering, and Rivas Capital on January 30, 2024, putting the company’s pre-money valuation at $1.55 billion. CPP Investments, Hanwha Impact, State of Michigan Retirement Systems, and Rokos Capital Management also participated in the round. The company is an operator of a plant breeding platform designed to build a new and sustainable food system.

Planet A Foods: The company raised $15.4 million of Series A venture funding in a deal led by World Fund (Germany) on February 1, 2024. Omnes Capital, TriplePoint Capital, Nucleus Capital, Cherry Ventures, Mudcake and Feast Ventures also participated in the round. The company is a producer of plant-based cocoa-free chocolate.

The Zero Proof: The company raised $5 million of Series A venture funding in a deal led by Asahi Group Beverage & Innovation on January 30, 2024, putting the company’s pre-money valuation at $13.6 million. Overline and Springdale Ventures also participated in the round. The company is an operator of an e-commerce platform intended to sell non-alcoholic beverages.

Walker Brothers: The company raised $3.7 million of venture funding from undisclosed investors on January 31, 2024. The company is a producer of kombucha, based in Nashville, Tennessee.

Holyrood Distillery: The company raised GBP 2 million of venture funding from Ferovinum on January 30, 2024. The company is an operator of a whiskey distillery, based in Edinburgh, United Kingdom.

Johnny Cashew: The company raised EUR 2.2 million of venture funding from Rob van Rees, Goeie Grutten Impact Fonds and People Planet Profit on February 2, 2024. The company is a producer of cashew nuts.

HALO Hydration: The company raised $2.4 million of venture funding from undisclosed investors on January 29, 2024. The company offers beverages with electrolytes, minerals and vitamins.

SuckerPunch: The company raised $2.1 million of venture funding from undisclosed investors on February 2, 2024. The company is a producer of pickles.

Bon Devil: The company raised an undisclosed amount of Series B venture funding from GroundForce Capital and other undisclosed investors on January 29, 2024. The company is a producer of dairy-free and vegan desserts.

Colorado Craft Beef: The company received an undisclosed amount of development capital from Prototerra Partners in February 2024. The company is a manufacturer of beef products based in Akron, Colorado.

JuneShine: The company raised an undisclosed amount of venture funding from InvestBev on January 30, 2024. The company is a producer of hard kombucha and canned alcoholic beverages.

Mateina: The company raised an undisclosed amount of venture funding on January 29, 2024. The company is a producer of yerba mate.

Ruumi: The company raised an undisclosed amount of venture funding from People Ventures in February 2024. The company is a developer of farming software that facilitates rotational grazing using satellite technology, helping soil replenish.

South Block: The company received an undisclosed amount of development capital from Mercato Partners on January 31, 2024. The company offers acai bowls, smoothies, and shakes.

Nourished: The company raised an undisclosed amount of venture funding from UPSA on February 4, 2024. The company is a producer of personalized gummy vitamins designed for an individual’s health needs.

ProSupps: The company received an undisclosed amount of development capital from Dream Ventures in February 2024. The company is a manufacturer of sports nutrition supplements.

Served: The company raised an undisclosed amount of Series A venture funding from Brkfst Club in February 2024. The company is a producer of sparkling water drinks.

Viactiv / Doctor’s Best: The company, a subsidiary of Guardion Health Sciences, reached a definitive agreement to be acquired by Doctor’s Best, a subsidiary of Xiamen Kingdomway Group, for $17.2 million on January 30, 2024. The company is a developer and manufacturer of chewable health supplements intended for bone health and immune health.

Tessemae’s / Panos Brands: The company was acquired by Panos Brands, via its financial sponsor HKW, through an estimated $4.5 million LBO on January 30, 2024. The company provides refrigerated salad dressings.

Ceautamed Worldwide / First Health FL: The company, a subsidiary of Smart for Life was acquired by First Health FL for $3.5 million on January 29, 2024. The company offers and develops nutritional products.

Ajinomoto Health & Nutrition North America / Seviroli Foods: The business division of Ajinomoto Health & Nutrition North America was acquired by Seviroli Foods, via its financial sponsors Mill Point Capital, and Sandy Hill Investors, through an LBO on January 29, 2024 for an undisclosed amount. The company is a provider of specialty Italian frozen pasta products.

Alter Eco / Trek One Capital: The company was acquired by Trek One Capital through an LBO on February 1, 2024 for an undisclosed amount. The company is a manufacturer of chocolate and granola.

bistroMD / Martha Stewart & Marley Spoon: The company reached a definitive agreement to be acquired by Martha Stewart & Marley Spoon for an undisclosed amount on January 30, 2024. The company operates a meal delivery subscription service.

Fuerst Day Lawson / Archer Daniels Midland: The company was acquired by Archer Daniels Midland  for an undisclosed amount on January 31, 2024. The company provides raw ingredients and chemicals for the food industry.

Good Health Natural Foods / Our Home: The company, a subsidiary of Utz Brands, reached a definitive agreement to be acquired by Our Home for an undisclosed amount on January 31, 2024. The company provides organic and specialty foods.

No Man’s Land Beef Jerky / Bansk Group: The company was acquired by Bansk Group through an LBO on February 1, 2024 for an undisclosed amount. The company is a producer of beef jerky.

RW Garcia / Popchips: The company reached a definitive agreement to be acquired by Popchips, a subsidiary of Better For You Holdings, for an undisclosed amount on February 1, 2024. The company is a producer of corn chips and crackers.

South Shore Seafoods / Phillips Foods: The company was acquired by Phillips Foods for an undisclosed amount on January 31, 2024. The company is a provider of seafood products.