Strategy | Financing Highlight
Private Placement / Financing TransactionsEclipse: The company raised $40 million of Series B venture funding in a deal led by Sozo Ventures on June 28, 2022, putting the company’s pre-money valuation at $130 million. Initialized Capital Management, Forerunner Ventures, Gaingels, KBW Ventures and other undisclosed investors also participated in the round. The company is a producer of plant-based food products intended to provide a substitute for animal dairy products.

Vita Mojo: The company raised GBP 25.52 million of venture funding in a deal led by Battery Ventures on June 29, 2022, putting the company’s pre-money valuation at GBP 47.13 million. Teepee Capital and other undisclosed investors also participated in the round. The company is a developer of a digital ordering and restaurant management system designed to enhance the digital evolution of restaurants.

Sabanto: The company raised $17 million of Series A venture funding from Hico Capital and other undisclosed investors on July 1, 2022. The company is a developer of a farming-as-a-service technology designed to perform row-crop operations using advanced autonomous equipment.

Onda (Beverages): The company raised $12.5 million of venture funding in a deal led by Aria Growth Partners and Clayton Christopher on June 28, 2022. 25madison, Michael Mente, Raissa Gerona and other undisclosed investors also participated in the round. The company is an operator of a spirits brand intended to offer tequila made of all-natural ingredients.

WAAM: The company raised EUR 5 million of venture funding from Arkéa Capital and Karot Capital on June 27, 2022. The company is a producer of natural beauty products created to provide care for the skin and hair.

Le Drive Tout Nu: The company raised EUR 5 million of Series A venture funding from France Active, Foundation Daniel et Nina Carasso, and MakeSense on June 28, 2022, putting the company’s pre-money valuation at EUR 6.67 million. MAIF, Colam Impact, and other undisclosed investors also participated in the round. The company is an operator of an online shopping platform intended to offer daily shopping products packed in returnable and reusable containers.

Transparent Kitchen: The company raised CAD 3.2 million of venture funding in the form of SAFE notes from RiverPark Ventures, Another Round VC and In Good Company Hospitality Group on June 28, 2022. Branded Strategic Hospitality, Krystle Mobayeni and Steve Simoni also participated in the round. The company is a developer of 3D reservation platform intended to serve the food and beverage industry.

4th & Heart: The company raised $685,000 of venture funding through a combination of equity and debt from undisclosed investors on June 28, 2022. The company is a producer of premium artisanal ghee intended to modernize ancient pantry food staples.

Back of the Yards Algae Sciences: The company is in the process of raising venture funding on June 27, 2022. The company is an operator of an industrial biotechnology company focusing on algae and mycelia-based innovations in food, agriculture, health, and wellness.


M&A TransactionsDawnfresh Seafoods / Thistle Seafoods: The company was acquired by Thistle Seafoods for an undisclosed amount on June 27, 2022. The company is an operator of a fish farm based in Uddingston, Scotland.

F.L. Emmert / Wilbur-Ellis Nutrition: The company reached a definitive agreement to be acquired by Wilbur-Ellis Nutrition for an undisclosed amount on June 30, 2022. The company is a manufacturer and marketer of advanced nutritional solutions catering to pet and livestock industries.

Stone Bridge Cellars / LVMH Moët Hennessy Louis Vuitton: The company was acquired by LVMH Moët Hennessy Louis Vuitton (PAR: MC) for an undisclosed amount on June 29, 2022. The company is a producer and supplier of vine products based in the California United States.

The Weary Traveler Freehouse / Individual Investor: The company was acquired by Jeff Schmidt and Kyle Martin for an undisclosed amount on June 29, 2022. The company is a producer of food products based in Madison, Wisconsin.

United Wine & Spirits / Green Light Distribution: The company was acquired by Green Light Distribution for an undisclosed amount on June 29, 2022. The company is a distributor of alcoholic beverages based in Houston, Texas.

Ze Drive / Le Drive Tout Nu: The company reached a definitive agreement to be acquired by Le Drive Tout Nu for an undisclosed amount on June 28, 2022. The company is an operator of an online shopping platform intended to provide food products and beverages.

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