Strategy | Financing Highlight
Private Placement / Financing TransactionsTropic Biosciences: The company raised $35 million of venture funding in a deal led by Blue Horizon Corporation July 6, 2022. Tekfen Ventures, Skyviews Life Science, Bloom8, SUCDEN Venture and ADQ also participated in the round. The company is a producer of commercial varieties of tropical crops intended to promote cultivation efficiencies and meet growing food demand.

FYTO: The company raised $15 million of Series A venture funding in a deal led by GV on July 7, 2022. Bolt Innovation Group, AgFunder, First Star Ventures, and Refactor Capital also participated in the round. The company is a developer of a plant-based feed production technology intended to commercialize services that allow sustainable production of a range of agricultural products.

meez: The company raised $8.75 million of venture funding from undisclosed investors on July 7, 2022. The company is a developer of a SaaS platform intended to create a recipe database.

Topl: The company raised $7.41 million of venture funding from undisclosed investors on July 6, 2022. Of the total amount $4.50 was originally raised in the form of promissory notes and subsequently, it got converted into equity on July 6, 2022. The company is an operator of an impact technology company intended to help businesses prove their ethical and sustainable practices.

Yellowbird Foods: The company raised $5 million of venture funding in the form of options and warrants from undisclosed investors on July 6, 2022. The company is a producer of all-natural, spicy pepper condiments intended to offer healthy alternatives.

Hambledon Vineyard: The company raised GBP 3.95 million of venture funding from Continuity Capital Partners and other undisclosed investors on July 6, 2022, putting the company’s pre-money valuation at GBP 20.96 million. The company is an operator of a commercial vineyard and producer of wines intended to provide sparkling old-English wines to the consumers.

HUVR: The company raised $4 million of seed funding in the form of convertible debt from undisclosed investors on July 7, 2022. The company is a developer of a smart asset management technology designed to automate and digitize inspection workflows.

Axia Spirit: The company raised GBP 2.92 million of venture funding from 3B Capital, Delarki and other undisclosed investors on July 5, 2022, putting the company’s pre-money valuation at GBP 9.91 million. The company is a producer of natural flavored white spirits intended to create quality products for modern consumption.

RIND Snacks: The company raised $3 million of venture funding from undisclosed investors on July 7, 2022. The company is a producer of healthy snack food intended to help consumers snack the whole fruit, maximizing nutritional value, and minimizing food waste.

SoChatti: The company raised $2.55 million of venture funding in the form of convertible debt, option, warrant & equity from undisclosed investors on July 7, 2022. The company is a producer of dairy-free chocolates intended to offer artisanal melted dark chocolate.

Tom Beckbe: The company raised $2 million of venture funding in the form of convertible debt from undisclosed investors on July 8, 2022. The company is a provider of apparel and accessories platform intended to provide products that rely on classic design and rugged materials to withstand time and elements.

Punch’d Energy: The company raised $1.58 million of Series A venture funding from PS27 Ventures and other undisclosed investors on July 5, 2022, putting the company’s pre-money valuation at $7 million. The company is a producer of natural caffeine fruit gummies intended to boost energy.

TMRW: The company raised CAD 2 million of venture funding from Telus, Philip Donne and other undisclosed investors on July 7, 2022. The company is an operator of a plant-based food innovation company intended to produce plant-based meat.

Royal Caridea: The company announced it will raise $1.5 million of Series A venture funding. The company is a developer of a shrimp farming technology intended to bring transformative change in the shrimp production industry and serve customers with fresh shrimps.

Sanctuary: The company raised $1.38 million of venture funding in the form of convertible debt from undisclosed investors on July 8, 2022. The company is an operator of an immersive wellness studio intended to offer yoga, meditation, breathwork, and other wellness content.

Tolago: The company raised $480,000 of venture funding in the form of convertible debt from undisclosed investors on July 6, 2022. The company is a producer of hard seltzer beverages intended to expand the palate of flavors available to people.

Phospholutions: The company raised an undisclosed amount of venture funding from UPL, Ospraie Ag Science and Bunge Ventures on July 7, 2022. The company is a manufacturer of sustainable fertilizers intended to reduce the environmental impact of phosphorus globally.


M&A TransactionsAnheuser-Busch / Matagrano: Markstein Sales Company and Matagrano entered into a definitive agreement to acquire the Oakland Business Unit of Anheuser-Busch for an undisclosed amount on July 7, 2022. The company is a distributor of beverages based in Oakland, California.

Formatec Technical Ceramics / Nano Dimension: The company was acquired by Nano Dimension for an undisclosed amount on July 8, 2022. The company is a manufacturer of technical ceramic product intended to simplify the production process.

Keranna Productions / Cite Marine: The company was acquired by Cite Marine, a subsidiary of Nippon Suisan, for an undisclosed amount on July 4, 2022. The company is a manufacture of prepared meals and dishes based in Plumelin, France.

Laboratoire EffiNov / Dewavrin Cosmetics: The company was acquired by Dewavrin Cosmetics for an undisclosed amount on July 9, 2022. The company is a producer of food supplements and dietary products intended to provide an overall nutritional response combining a personalized nutritional balance.

Natural Products / Grain Processing: The company. a subsidiary of LTS Nutraceuticals, was acquired by Grain Processing, a subsidiary of Kent, for an undisclosed amount on July 6, 2022. The company is a manufacturer of full-fat soy ingredients intended to offer non-GMO, organic and gluten-free ingredient solutions worldwide.

RhönSprudel Group / Sources Alma: The company was acquired by Sources Alma for an undisclosed amount on July 5, 2022. The company is a producer of mineral water and soft drinks of taste great Intended to increase well-being.

Stellar Distributing / H&H Enterprises, Inc.: The company was acquired by H&H Enterprises for an undisclosed amount on July 5, 2022. The company is a distributor of fruits and vegetables based in Madera, California.

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