Consumer Private Placement and M&A Transactions Review Week Ending July 31 2022

Enko: The company raised $70 million of Series C venture funding in a deal led by Nufarm on July 27, 2022, putting the company’s pre-money valuation at $260 million. Anterra Capital, Rabo Food and Agri Innovation Fund, Novalis LifeSciences, Bill & Melinda Gates Foundation, Finistere Ventures, Germin8 Ventures, To Ventures, Alumni Ventures, Eight Roads, Endeavor8 and Taher Gozal also participated in the round. The company is a developer of safe and sustainable small molecule technologies designed to address farmers’ crop threats, from pest resistance to new diseases.

Holey Grail Donuts: The company raised $9 million of Series A venture funding in a deal co-led by Collaborative Fund and Lee Fixel on July 26, 2022. The company is a producer of donuts made from a base of taro or kalo.

Blank Street: The company raised $6.0 million of venture funding in the form of convertible debt from undisclosed investors on July 25, 2022. The company is an operator of coffee shops in New York City that operate in a small footprint with high automation.

Kitchen Data Systems: The company raised $3 million of venture funding from undisclosed investors on July 28, 2022. The company is a developer of proprietary software intended to create and scale new virtual food brands.

Aanika Biosciences: The company raised an undisclosed amount of venture funding from ADIT Ventures on July 26, 2022. The company is a developer of customized microbial-based tags designed to track, trace and authenticate products through the supply chain.

Club Coffee / Olam International: The company was acquired by Olam International for CAD 150 million on July 25, 2022. The company is a coffee processor for retail, foodservice and contract manufacturing clients.

The Spice Tailor / Premier Foods: The company reached a definitive agreement to be acquired by Premier Foods for GBP 43.8 million on July 25, 2022. The company is a producer of Indian and South East Asian meal kits based in London, England.

InHarvest / Riviana Foods: The company, a subsidiary of Duininck Companies was acquired by Riviana Foods for $48.8 million on July 27, 2022. The company is a supplier of premium rice, grains and legumes intended for industry and foodservice.

Lilot Fruits / Orsero Group: The company reached a definitive agreement to be acquired by Orsero Group for EUR 44.6 million on July 28, 2022. The company is an importer and producer of wide range of exotic fruits and vegetables based in Chevilly-Larue, France.

Better 4 You Meals / Revolution Foods: The company was acquired by Revolution Foods for an undisclosed amount on July 27, 2022. The company is a provider of vended meal services intended for students and senior citizens in California and Nevada.

Hummingbird Technologies / Agreena: The company was acquired by Agreena for an undisclosed amount on July 28, 2022. The company is a developer of a data analytics platform designed to aid in cropping and farming decision-making.

Mercato Metropolitano / TaTaTu: The company was acquired by TaTaTu for an undisclosed amount on July 26, 2022. The company is an operator of a food marketplace intended to connect food suppliers and trading partners with visitors to the marketplace.

Obagi / Waldencast Acquisition: The company, a subsidiary of Haitong International Securities Group was acquired by Waldencast Acquisition for an undisclosed amount on July 27, 2022. The company is a manufacturer of skincare products, including facial moisturizers, eye and skin protection creams, designed to prevent the early signs of skin aging.