Consumer Private Placement and M&A Transactions Review Week Ending March 12 2023

Foodji: The company raised $23 million of Series A venture funding from Atlantic Food Labs, CG Partners, and Movendo Capital on March 10, 2023. DLF Venture, TriplePoint Capital, Krautkraemer, and other undisclosed investors also participated in the round. The company is a manufacturer of vending machines intended to offer fresh food.

Fly By Jing: The company received $12 million of development capital from Prelude Growth Partners and Pendulum Holdings on March 8, 2023. The company is a producer of spicy sauces for Chinese cuisine.

Odyssey Elixir: The company raised $6.3 million of Series A venture funding from undisclosed investors on March 6, 2023. The company is a producer of a beverage infused with mushroom extract and intended for energy, focus, and mental clarity.

The Cloud Bread Company: The company raised $5 million of venture funding from undisclosed investors on March 8, 2023. The company is a producer of gluten-free and grain-free bread.

The Long Drink Company: The company raised $1.7 million of venture funding from Miles Teller and other undisclosed investors on March 8, 2023. The company is a producer of ready-to-drink Finnish Long Drink style alcoholic cocktail beverages.

Wisconsin Brewing Company: The company raised $1.1 million of venture funding from undisclosed investors on March 6, 2023. The company is a producer of craft beer based out of Wisconsin, United States.

Beyond Good: The company raised an undisclosed amount of venture funding from Acumen Resilient Agriculture Fund on March 8, 2023. The company is a producer of chocolates intended to offer customers the flavors of Madagascar and Uganda.

Cerebelly: The company raised an undisclosed amount of Series A2 venture funding in a deal led by Imaginary Ventures, Babybelly, Redcap Investments, H Venture Partners and Knudsen Capital on March 9, 2023. Evolution VC Partners and other undisclosed investors also participated in the round. The company is a producer of baby food intended to promote healthy brain development in children.

Fooditive: The company raised an undisclosed amount of venture funding from Sparkalis on March 9, 2023. The company is a manufacturer of plant-based sweeteners intended to provide a healthy substitute for sugar.

Sanctum Herbal / 1,606: The company reached a definitive agreement to be acquired by 1606  for $7.2 million on March 8, 2023. The company is a producer of herbal supplements intended to provide natural, organic and GMO-free medicines.

Ambhar Tequila / Kiv Spirits: The company was acquired by Kiv Spirits for an undisclosed amount on March 7, 2023. The company is a manufacturer of artisan Tequila spirits based in The Woodlands, Texas.

Baere Brewing / Individual Investors: The company was acquired by Mr. Weston Scott, Mr. Jonah Munson, Ms. Leslie Munson, Mr. Adam Novinska, and Mr. Kevin Lind for an undisclosed amount on March 7, 2023. The company is a producer of alcoholic beverages based in Denver, Colorado.

Custom Produce Sales / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on March 8, 2023. The company is a producer of food products catering to the food service industry.

Devault Foods / Miami Beef Company: The company was acquired by Miami Beef Company, via its financial sponsor Trivest Partners, through an LBO on March 6, 2023 for an undisclosed amount. The company is a producer and distributor of meat products based in Devault, Pennsylvania.

Fruit Op Je Werk / Mentha Capital: The company was acquired by Mentha Capital through an LBO on March 7, 2023 for an undisclosed amount. The company is a supplier of fresh fruit to office and workplace locations on an ongoing service basis.

H R Jasper & Son / Dunbia: The company was acquired by Dunbia, a subsidiary of Dawn Meats Group, for an undisclosed amount on March 10, 2023. The company is a producer of processed fresh lamb meat sourced from West Country farms in the UK.

Proper Cornish / Boncolac: The company was acquired by Boncolac, via its financial sponsor Waterland Private Equity Investments for an undisclosed amount on March 6, 2023. The company is a producer of Cornish pasties, sausage rolls and specialty pasties catering to wholesalers, independent retailers, supermarkets, and institutional customers.

Proud Source / SOURCE: The company was acquired by SOURCE for an undisclosed amount on March 8, 2023. The company is a provider of naturally alkaline spring water sustainably bottled in aluminum cans at the source.

Terre d’Embruns / Sill Entreprises: The company, a subsidiary of Cadavenir, was acquired by Sill Entreprises via its financial sponsor Arkéa Capital, through an LBO on March 7, 2023 for an undisclosed amount. The company is a producer and retailer of sweets and bakery products based in Brest, France.