Strategy | Financing Highlight 
Private Placement / Financing Transactions

Andes: The company raised $30 million of Series A venture funding from Yamaha Motor Ventures & Laboratory Silicon Valley, Cargill, and Voyager on March 16, 2023. The company is a developer of biotechnology designed to accelerate crop growth, reduce the need for synthetic nitrogen and increase carbon capture in soil, and tackle climate change.

Blank Street: The company raised $26.8 million of venture funding from undisclosed investors on March 16, 2023. The company is an operator of small format coffee shops offering coffee, other beverages and food products.

Carbonomy: The company raised $16 million of Series A venture funding from Hedonova on March 13, 2023, putting the company’s pre-money valuation at $114 million. The company is a developer of an agriculture platform intended to help farms become sustainable and increase their revenues.

AXIOMA France: The company raised EUR 15 million of venture funding from Vitirev Innovation and BNP Paribas on March 16, 2023. The company is a developer of biostimulant complexes designed to naturally stimulate the physiological processes of plant and animal production.

Olyra Foods: The company raised $4 million of Series A venture funding from undisclosed investors on March 13, 2023, putting the company’s pre-money valuation at $11 million. The company produces and sells breakfast biscuits made from organic grains that were the basis of ancient Greek diets.


M&A Transactions

Augmenta / CNH Industrial: The company was acquired by CNH Industrial for $110 million on March 13, 2023. The company is a developer of an agricultural technology designed to offer a controlled method of fertilization for crops.

Bottleshot Brew / Grind: The company was acquired by Grind, via its financial sponsors The Clark Group and Longbrook Ventures, through an LBO on March 16, 2023 for an undisclosed amount. The company is a producer of ready-to-drink cold brew coffee.

Cardowan Creameries / KTC Edibles: The company was acquired by KTC Edibles, via its financial sponsor Endless, through an LBO on March 17, 2023 for an undisclosed amount. The company is a manufacturer of margarine products based in Glasgow, Scotland.

Florentin / Kaja Food: The company reached a definitive agreement to be acquired by Kaja Food for an undisclosed amount on March 15, 2023. The company is a producer of vegetable based food products, beverages and organic hummus.

Mortons Rolls / PVL Investment: The company was acquired by PVL Investment for an undisclosed amount on March 17, 2023. The company is an operator of a bakery based in Glasgow, United Kingdom.

Slade Gorton & Company / Cooke Aquaculture: The company reached a definitive agreement to be acquired by Cooke Aquaculture for an undisclosed amount on March 14, 2023. The company is a manufacturer and distributor of seafood based in Massachusetts, United States.


Source: Pitchbook Data, Inc.

Categories

Archives