Consumer Private Placement and M&A Transactions Review Week Ending Jan 28, 2024

Ohalo Genetics: The company raised $40 million of venture funding from undisclosed investors on January 25, 2024. The company is a developer of a plant genetic technology.

Protealis: The company raised EUR 22 million of Series B venture funding from Globachem, Agri Investment Fund and Estari Group on January 23, 2024. VIB, KU Leuven Research & Development, Innovation Industries (Amsterdam), Thia Ventures, V-Bio Ventures, Korys Investments and Participatiemaatschappij Vlaanderen also participated in the round. The company is a developer of leguminous crop seed treatments designed to grow more plant-based proteins.

Elo Life Systems: The company raised $20.5 million of Series A2 venture funding in a deal led by DCVC Bio and Novo Holdings on January 24, 2024. Alexandria Venture Investments, Hanwha Next Generation Opportunity Fund and Accelr8 also participated in the round. The company is an operator of a precision gene editing company for sustainable, healthy food.

Chef Robotics: The company raised $14.75 million of venture funding through a combination of debt and equity from Interwoven, Kleiner Perkins, and Construct Capital on January 27, 2024. Promus Ventures, Red & Blue Ventures, Alumni Ventures, MaC Venture Capital, and MFV Partners also participated in the round. The company is a developer of a food technology designed to reduce the cost of fresh food using robotics.

Cuzen Matcha: The company raised an estimated $5 million of Series A venture funding in a deal led by DG Ventures on January 23, 2024. Nagatanien Holdings, Verve Coffee Roasters Japan, Joyance Partners, Osamu Yamada and Jukutokan also participated in the round. The company is a producer of a tea drink intended to provide a substitute for caffeine.

Neatleaf: The company raised $4 million of venture funding in a deal led by AgFunder on January 23, 2024. The company is a developer of an agriculture platform designed to sustainably produce optimal yields at a lower cost.

SushiDog: The company raised venture funding in a deal led by Middleton Enterprises on January 25, 2024, putting the company’s pre-money valuation at GBP 5.7 million. The company’s product offering includes easy-to-eat sushi, burritos, poke bowls, sides, rolls, and build-your-own dishes.

Lost Woods Whiskey: The company raised an undisclosed amount of venture funding from CoPeace on January 24, 2024. The company is an operator of a craft whiskey company.

Ingomar Packing Company / Kagome Company: The company was acquired by Kagome Company for $240 million on January 26, 2024. The company is a producer and supplier of tomato paste and diced tomatoes.

VBites Foods / Individual Investor: The company was acquired by Ms. Heather Mills for GBP 1 million on January 22, 2024. The company is a producer of vegan food products catering to retail and food service sectors.

ColdAcre Food Systems / Na-Cho Nyäk Dun Development Corporation: The company was acquired by Na-Cho Nyäk Dun Development Corporation for an undisclosed amount on January 27, 2024. The company is a provider of a hydroponic food-growing system.

Diamond Foods / Good Source Solutions: The company was acquired by Good Source Solutions, via its financial sponsors A&M Capital, Highview Capital and Stellus Capital Management, through an LBO on January 24, 2024 for an undisclosed amount. The company offers dry and frozen K-12 products.

Dirty Dough / Craveworthy Brands: The company reached a definitive agreement to be acquired by Craveworthy Brands for an undisclosed amount on January 24, 2024. The company manufactures cookies made from crafted recipes and ingredients.

Durham Distillery / Durham Spirit Company: The company was acquired by Durham Spirit Company for an undisclosed amount on January 28, 2024. The company produces flavored alcoholic spirits including gin, whiskey and vodka made from natural spring water and botanicals.

Grands Moulins de Paris / Patrimoine Et Valorisation: The company of Vivescia, was acquired by Patrimoine Et Valorisation a subsidiary of Nexity group for an undisclosed amount on January 22, 2024. The company offers flour, bread, mixes, baguettes, artisanal bakery, pastries and other grain mill products.

Heartland Proteins / Greater Omaha Packing: The company was acquired by Greater Omaha Packing for an undisclosed amount on January 23, 2024. The company offers blending of diverse meat and bone meal sources to address the specific needs of the pork, poultry, and pet food sectors.

Jahnke Süßwaren / Boettger Logistik Gmbh & Co.: The company, a subsidiary of Ragolds Invest, was acquired by Boettger Logistik for an undisclosed amount on January 24, 2024. The company offers a wide range of candies including salt, burst, chile sticks, fruit classic berry mix, ice, euka classic, chocolate salmiak block bottom, throat reliever, and sugar-free cough suppressant.

JoyBrau / Oettinger Brauerei: The company was acquired by Oettinger Brauerei for an undisclosed amount on January 25, 2024. The company produces non-alcoholic beer with proteins and vitamins

Paddy & Scott’s Coffee / Individual Investors: The company was acquired by Mr. Jonathan Reed and Ms. Zoe Hill for an undisclosed amount on January 25, 2024. The company offers coffee in flavors like jerry can, wakey wakey, easy days, chit chat, cafe decaf, lux hot chocolate and also offers craft coffee brew, whole beans, compatible pods, fuel flasks and merchandised products.

Revela Foods / Archer Daniels Midland: The company was acquired by Archer Daniels Midland for an undisclosed amount on January 24, 2024. The company offers a range of processed cheese, melting cheese, cheese spreads and cheese sauces, providing customers with cheese and dairy flavorings for making sandwiches, soups and other dishes.

Two Tribes Brewing / Unknown Investor: The company received an undisclosed amount of financing from its current investors on January 23, 2024. The company is an operator of a craft beer brewery.

V-Comp Pro / Bitburger Brewery Group & Zentis: The company was formed as a joint venture between Bitburger Brewery Group and Zentis on January 23, 2024. The company is an operator of a grain and nut company focused on producing milk substitutes.