Consumer Private Placement and M&A Transactions Review Week Ending June 19, 2023

Tomorrow.io: The company raised $87 million in Series E venture funding in a deal led by Activate Capital Partners on June 14, 2023, putting the company’s pre-money valuation at $350 million. JetBlue Ventures, Strategic Aeronautical Management, RTX Ventures, and 11 other investors also participated in the round. Tomorrow.io is a developer of a hyper-local weather forecasting platform designed to improve weather forecasting with new micro weather information.

McBride Sisters Wine Company: The company raised $14.0 million of venture funding from undisclosed investors on June 13, 2023. McBride Sisters Wine Company is a producer and distributor of wine and other alcoholic beverages sold through retail and online.

Beekeeper’s Naturals: The company raised $14 million of venture funding in a deal led by Devonshire Investors and CAVU Consumer Partners on June 15, 2023. Muse Capital and Vibrant Ventures also participated in the round. Beekeeper’s Naturals is a provider of health and wellness products, including lozenges and supplements, manufactured from honey, wax, propolis and other beehive products.

Cuzen Matcha: The company raised $3.8 million in Series A  venture funding in a deal led by DG Ventures (Digital Garage Group) on June 13, 2023, putting the company’s pre-money valuation at $12 million. Joyance Partners and 20 other undisclosed investors also participated in the round. Cuzen Matcha is a producer of tea drinks intended to provide a substitute for caffeine.

Wander + Ivy: The company raised $3.0 million of venture funding from undisclosed investors on June 15, 2023. Wander + Ivy is a manufacturer of an organic wine brand.

AgVend: The company raised $3.0 million of venture funding from undisclosed investors on June 14, 2023. AgVend is a developer of a digital enablement platform for agribusinesses and retailers.

Ashland Hard Seltzer: The company raised $2.2 million of venture funding from undisclosed investors on June 15, 2023. Ashland Hard Seltzer is a producer of organic, crafted, canned alcoholic drinks.

Struesli: The company raised $2 million of venture funding in a combination of debt and equity from undisclosed investors on June 12, 2023. Struesli is a producer of organic, grain-free, gluten-free granola based in Newtown, Connecticut.

Dammann Frères: The company received an undisclosed amount of development capital from IDIA Capital Investissement and Crédit Agricole Régions Investissement on June 16, 2023. Dammann Frères is a producer of flavored tea catering to stores, resellers, and distributors.

Force of Nature: The company raised an undisclosed amount of venture funding from Ridgeline Ventures on June 12, 2023. Force of Nature is a producer of ground meat products intended to promote regenerative agriculture.

Ace Beverage Group / Corby Spirit and Wine:  Ace Beverage Group reached a definitive agreement to be acquired by Corby Spirit and Wine for CAD 148.5 million on June 12, 2023.  Ace beverage Group is a Toronto based producer of alcoholic beverages.

Lucky Foods / Daesang:  Lucky Foods was acquired by Daesang for $29.6 million on June 19, 2023.  Lucky Foods, based in Tualatin, Oregon, is a manufacturer of frozen Asian food.

Anodyne Coffee Roasting / FairWave:  FairWave, through its financial sponsors Great Range Capital and Harris Preston & Partners, acquired Anodyne Coffee Roasting through an LBO on June 14, 2023, for an undisclosed amount. Anodyne Coffee Roasting is a producer of roasted coffee products.

Boring Brew / Metavesco:  Metavesco acquired Boring Brew for an undisclosed amount on June 13, 2023.  Boring Brew is an operator of a brewery that produces small-batch handcrafted beer.

Cafes Legal / FnB Private Equity:  Cafes Legal, a subsidiary of Hermione People & Brands, was acquired by FnB Private Equity and its management through an LBO on June 14, 2023 for an undisclosed amount.  Cafes Legal is a coffee producer based in Paris, France.

Festive Foods / Bernatello’s:  Bernatello’s acquired Festive Foods for an undisclosed amount on June 12, 2023.  Festive Foods is a manufacturer of Chicago-style pizzas and appetizers based in Waupaca, United States.

L’Atelier à Croc / chiche:  chiche acquired L’Atelier à Croc for an undisclosed amount on June 15, 2023.  L’Atelier à Croc is a French producer of biscuits that combine whole grains and legumes.

Nona Lim / DayDayCook:  DayDayCook acquired Nona Lim for an undisclosed amount on June 19, 2023.  Nona Lim is a producer of Asian bone broths, soups, noodles and ramen food products.

Yasso / Unilever:  Yasso reached a definitive agreement to be acquired by Unilever United States for an undisclosed amount on June 14, 2023.  Yasso is a producer of frozen Greek yogurt, ice cream and other frozen specialty dessert products.