Consumer Private Placement and M&A Transactions Review Week Ending July 17 2022

Pattern Ag: The company raised $30.3 million of Series B venture funding from CGC Ventures and other undisclosed investors on July 12, 2022, putting the company’s pre-money valuation at $125 million. The company is a developer of a precision agriculture platform designed to provide a deep understanding of soil.

Vegrow: The company raised $25M of Series B venture funding in a deal led by Prosus Ventures on July 11, 2022. The company is an operator of a farming support platform designed to simplify agricultural activities using technology.

Blue Ocean Barns: The company raised $20 million of Series A venture funding in a deal led by Valor Equity Partners on July 13, 2022, putting the company’s pre-money valuation at $105 million. Tao Capital Partners and other undisclosed investors also participated in the round. The company is a producer of climate-friendly dairy and beef products intended to create and sustain natural ecosystems.

Fieldless Farms: The company is an operator of innovative indoor farming technology intended to solve food sovereignty and sustainability. The company raised $17.5 million of Series A venture funding in the form of equity and debt in a deal led by Forage Capital Partners on July 14, 2022.

Oatbox: The company raised CAD 7 million of venture funding from undisclosed investors on July 13, 2022. The company is an operator of a breakfast delivery platform intended to provide healthy breakfast products directly to the doorstep.

Base Culture: The company raised $9.8 million of venture funding in a deal led by Emil Capital Partners on July 12, 2022. Flowers Foods and other undisclosed investors also participated in the round. The company is a producer and retailer of bakery products intended to offer grain-free and gluten-free food.

Tru: The company is in the process of raising Series A venture funding on July 14, 2022, putting the company’s pre-money valuation at $7.5 million. The company is a producer of functional beverages intended to offer energy, focus, power, and refreshment.

Blossom Water / Entertainment Arts Research: The company was acquired by Entertainment Arts Research for an undisclosed amount on July 14, 2022. The company is a manufacturer of refreshments with botanicals intended for low-calorie hydration.

Blue River Organic Seeds / Albert Lea Seed: The company was acquired by Albert Lea Seed for an undisclosed amount on July 14, 2022. The company is a provider of organic products inteneded to hlep farmers in their agricultural practices.

Guinness Cameroon / Groupe Castel: Groupe Castel reached a definitive agreement to acquire the Guiness Cameroon S.A. brewery, a subsidiary of Diageo, for GBP 389 million on July 14, 2022. Castel will take over the production and nationwide distribution of Guinness in Cameroon under a licence and royalty agreement.  The company is a producer of craft beer located in Cameroon, Africa.

Barburrito / The Restaurant Group: The company was acquired by The Restaurant Group for GBP 7 million on July 12, 2022. The company is an operator of a chain of restaurants focused on serving fast and healthy Mexican food.

Marrone Bio Innovations / Bioceres Crop Solutions: The company was acquired by Bioceres Crop Solutions for approximately $207 million on July 12, 2022. Marrone Bio Innovations Inc is a US-based agricultural company engaged in the discovery, development and sale of innovative biological products for crop protection, crop health and crop nutrition.

Snappy Tomato Pizza / Individual Investor: The company, a subsidiary of The Deters Company was acquired by Tim Gayhart for an undisclosed amount on July 12, 2022. The company is a producer of pizza based in Burlington, Kentucky.