Consumer Private Placement and M&A Transactions Review Week Ending January 29 2023

Dash Water: The company raised GBP 8.7 million of Series A venture funding in a deal led by Beringea on January 23, 2023. David Milner, Johnny Sexton and other undisclosed investors also participated in the round. The company’s products infuse British sparkling spring water with fruits and vegetables and do not contain sugar or calories, enabling customers to get access to all-natural soft drink products, and purchase them from retail stores or online.

Elo Health: The company raised $10 million in Series A venture funding in a deal led by Octopus Ventures on January 24, 2023, putting the company’s pre-money valuation at $55 million. Will Ventures and Gullspang Re:food also participated in the round. The company offers products that are calibrated for biomarkers and goals and are made using ingredients that are scientifically proven, enabling customers to adopt and stick to a healthy lifestyle.

Blue Stripes: The company raised $6.2 million of venture funding from undisclosed investors on January 25, 2023. The company’s processing techniques preserve the nutrient content of cacao pods, on previously wasted nutrient-rich parts of the pod (shell and fruit), providing customers with healthy cacao products.

IQBar: The company raised an estimated $6 million of Series B venture funding in a deal led by Lotus Bakeries on January 24,2023, putting the company’s pre-money valuation at $50.5 million. FF2032, Sweater, Phoenix Fund, and other undisclosed investors also participated in the round. The company’s products include chocolate, nuts, almond, orange, and related flavored bars that are made using all-natural ingredients including dry fruits, sugar syrup, and berries.

Love Cocoa: The company raised EUR 4.8 million of venture funding in a deal led by Richard Koch on January 23, 2023. 111 Holdings and other undisclosed investors also participated in the round. The company’s products come in letterbox-sized boxes, in an effort to avoid issues with missed deliveries and are available in the form of a gift and subscription chocolate service.

MingsBings: The company raised $4.9 million of venture funding from undisclosed investors on January 24, 2023. The company, founded by chef Ming Tsai, produces a variety of bings, traditional Chinese flatbread snack products, that contain vegan, gluten-free, and nut-free ingredients.

Allied Seed / Growmark: The company was acquired by Growmark for an undisclosed amount on January 24, 2023. The company is an operator of a full-service forage, turfgrass and cover crop seed company based in Nampa, Idaho.

Boudreaux’s Cajun Kitchen / Amergent Hospitality: The company reached a definitive agreement to be acquired by Amergent Hospitality for an undisclosed amount on January 24, 2023. The company is an operator of a restaurant chain serving Cajun cuisine in Houston, Texas.

Cheesies / The Curators: The company was acquired by The Curators for an undisclosed amount on January 23, 2023. The company provides baked, no carbs, high in protein, gluten-free and vegetarian cheese snacks.

De Krat / Crisp: The company was acquired by Crisp for an undisclosed amount on January 23, 2023. The company delivers local food, vegetables and meat to customers in the Netherlands, using the subscription food box model.

Hermann Wein / Radeberger Fleisch- Und Wurstwaren Korch: The company received an undisclosed amount of financing from Radeberger Fleisch- Und Wurstwaren Korch on January 24, 2023. The company is a producer of sausage and ham specialty food products based in Freudenstadt, Germany.

Holmes Seafood / Brasmar: The company was acquired by Brasmar, via its financial sponsor MCH Private Equity, through an LBO on January 25, 2023 for an undisclosed amount. The company is a distributor of seafood for the wholesale catering, food service and retail sectors.

Keesmakers / Westland Kaas: The company was acquired by Westland Kaas for an undisclosed amount on January 25, 2023. The company is a manufacturer of cheese products based in Leiden, Netherlands.

Landreau / Maison Rivière: The company was acquired by Maison Rivière, via its financial sponsors Bpifrance and Siparex Group, through an LBO on January 23, 2023 for an undisclosed amount. The company specializes in manufacturing fresh and cooked pasta.

Mister Snacks / George J. Howe Company: The company was acquired by George J. Howe Company for an undisclosed amount on January 26, 2023. The company manufactures and distributes a variety of snack food products, including fruit and nut mixes, and yogurt and chocolate coated fruits and nuts.

Royale De Monte Carlo / Luminar Media Group: The company reached a definitive agreement to be acquired by Luminar Media Group for an undisclosed amount on January 25, 2023. The company is a manufacturer of alcoholic beverages located in Miami, Florida.

Zing! Healthy Foods / Land Betterment: The company was acquired by Land Betterment for an undisclosed amount on January 25, 2023. The company is a controlled environment producer of fruits and vegetables based in Leamington, Canada.