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

W LABS: The company raised $10.75 million of Series A venture funding in a deal led by Anti Fund and Shrug Capital on July 23, 2024, putting the company’s pre-money valuation at $145 million. Revelation Partners, Range Group, 305 Ventures, UpHonest Capital, Quiet Capital, Palm Tree Crew Investments, Michael Rubin, Nick Kyrgios, Naomi Osaka, Carter Reum, Paris Hilton, John Fieldly, Lil Durk (Angel Investor), Dhuna Ventures and other undisclosed investors also participated in the round. The company is an operator of a men’s personal care business.

Roasting Plant: The company raised $10 million of venture funding from undisclosed investors on July 25, 2024. The company is a technology enabled specialty coffee company that roasts its coffee beans and manages operations in every store using the Javabot roaster automation system.

Algas Organics: The company raised $4 million of venture funding from undisclosed investors on July 26, 2024. The company is an operator of an agriculture biotech firm that uses organic fertilizers and other crop protection products to fight invasive seaweed.

Entocycle: The company raised EUR 2.6 million of venture funding from Climentum Capital, TeamPact Ventures, and The Venture Collective on July 26, 2024. Blue Ledge Capital, Startup Basecamp, and Armajaro Holdings also participated in the round. The company is an operator of an insect farming business intended to farm black soldier flies as a sustainable source of protein to feed animals.

Realm Artesian Water: The company raised $1.5 million of venture funding from undisclosed investors on July 23, 2024. The company is a producer of a mineral water.

Appalaches Nature / Les Industries Bernard & Fils: The company was acquired by Les Industries Bernard & Fils, a subsidiary of Valeo Foods, for an undisclosed amount on July 22, 2024. The company is a producer of maple syrup based in Thetford Mines, Quebec.

Biolete / Adia Nutrition: The company was acquired by Adia Nutrition for an undisclosed amount on July 23, 2024. The company is a producer of energy-boosting adaptogen and protein coffee based in Oviedo, Florida.

Foodsteps / Registrar Corp: The company was acquired by Registrar Corp, via its financial sponsor Paine Schwartz Partners, through ant LBO on July 23, 2024 for an undisclosed amount. The company is a developer of a food insights platform intended to calculate, reduce, and label the environmental impact of food consumption.

Frontier Produce / Indianapolis Fruit Company: The company was acquired by Indianapolis Fruit Company, via its financial sponsors Bratenahl Capital Partners, Kaulig Capital, Monroe Capital, PSP Partners and Wind Point Partners, through an LBO on July 24, 2024 for an undisclosed amount. The company is a distributor of fresh food produce catering to restaurants, hotels, school systems, caterers, and other food service organizations.

Identity Drinks / Cognac Ferrand: The company was acquired by Cognac Ferrand for an undisclosed amount on July 23, 2024. The company is a producer of alcoholic beverages based in London, United Kingdom.

Indie Lee / American Exchange Group: The company was acquired by American Exchange Group for an undisclosed amount on July 22, 2024. The company is an operator of a skincare and cosmetics business.

Nonni’s Foods / CTH Invest: The company entered into a definitive agreement to be acquired by CTH Invest through an LBO on July 24, 2024 for an undisclosed amount. The company is a producer of artisanal cookies and other baked products based in Tulsa, Oklahoma.

Nutripure / PAI Partners: The company entered into a definitive agreement to be acquired by PAI Partners through an LBO on July 25, 2024 for an undisclosed amount. The company is a producer of food supplements and organic superfoods based in Deyme, France.

Pembrokeshire Beach Food / Câr-Y-Môr: The company was acquired by Câr-Y-Môr for an undisclosed amount on July 24, 2024. The company is a producer of seaweeds and shellfish based in Wales, United Kingdom.

Pure Ingredients / GoodLife Foods: The company entered into a definitive agreement to be acquired by GoodLife Foods, via its financial sponsor IK Partners, through an LBO on July 26, 2024 for an undisclosed amount. The company is a producer of halal frozen food products based in Breda, Netherlands.

Suero Oral / Genomma Lab Internacional: The company was acquired by Genomma Lab Internacional for an undisclosed amount on July 24, 2024. The company is a manufacturer of electrolyte beverages based in Miami, Florida.

The Humble Seed / Manitoba Harvest Hemp Foods: The company was acquired by Manitoba Harvest Hemp Foods, a subsidiary of Tilray Brands, for an undisclosed amount on July 23, 2024. The company is a producer of grain-free, seed-based snacks.

Uproot / Califia Farms: The company was acquired by Califia Farms, via its financial sponsors Ambrosia Investments, Claridge, Partnership Capital Growth, Stripes, Plus Capital, Green Monday Ventures, Big Loud Capital, GIC, Knudsen Capital, Qatar Investment Authority and Temasek Holdings, through an LBO on July 24, 2024 for an undisclosed amount. The company is a producer of healthy and sustainable plant-based milk products.

Verde / Manna Tree Partners: The company was acquired by Manna Tree Partners through an LBO on July 23, 2024 for an undisclosed amount. The company is a producer and wholesaler of sustainable, organic, and grass-fed beef.