Strategy | Financing Highlight

Private Placement / Financing Transactions

Tractor: The company raised $60 million of venture funding in a deal led by Keurig Dr. Pepper on April 28, 2022. The company is a producer of hand-crafted beverages inspired by the functional benefits and flavors of organically grown fruits, vegetables, herbs, and spices intended to offer organic, natural, and non-GMO sodas.

Madison Reed: The company raised $33 million of venture funding in a deal led by Sandbridge Capital and Marcy Venture Partners on April 28, 2022. Other undisclosed investors also participated in the round. The company is a developer of professional hair coloring products.

CoverCress: The company raised $26 million of Series C1 venture funding from Chevron and Bunge Ventures on April 26, 2022. The company is a provider of crop breeding services intended to offer soil cover for corn harvest and soybean planting.

Food Rocket: The company raised $25 million of Series A venture funding in a deal led by Alimentation Couche-Tard on April 26, 2022. The company is an operator of a grocery delivery platform intended to deliver products within a few minutes without any delivery fee or minimum order requirements.

Lemon Perfect: The company raised $14 million of Series A venture funding from Melitas Ventures, Trousdale Ventures, and Beechwood Capital on April 28, 2022, putting the company’s pre-money valuation at $70 million. Goat Rodeo Capital, Evolution VC Partners, Green Meadow Ventures, NNS Capital, Beyoncé Knowles-Carter, and Jonathan Hung also participated in the round. The company is a manufacturer of cold-pressed lemon water beverage products.

Red Bay Coffee: The company raised $5.2 million of Series B venture funding from undisclosed investors on April 26, 2022, putting the company’s pre-money valuation at $30 million. The company is a producer of whole-bean and specialty coffee products intended to offer quality and sustainable beverages to consumers.

Roasting Plant: The company raised $5 million of venture funding from undisclosed investors on April 28, 2022. The company is a producer of roasted coffee beans intended to offer hand-picked, micro-lot, green coffee beans directly from farms around the world.

Defiant Food Group: The company raised venture funding in the form of convertible debt from undisclosed investors on April 26, 2022. The company is a producer of ready-to-eat proteins intended for food service and retail.

Barnstorm Agtech: The company is in the process of raising venture funding in the form of SAFE notes on April 26, 2022. The company is a developer of robotic swarm farming technology intended to automate farming operations.

Corvus Drones: The company raised an undisclosed amount of venture funding from Navus Ventures, Executive Capital Group, and Oost NL on April 25, 2022. The company is a provider of autonomous drone services intended to focus on applications in the agricultural sector.

Neat Burger: The company is in the process of raising Series B venture funding from Leonardo DiCaprio and other undisclosed investors on April 28, 2022. The company is an operator of a vegan restaurant chain intended to offer meat-free and sustainable burgers.


M&A Transactions

CURLSMITH / Helen Of Troy: The company was acquired by Helen Of Troy for $150 million on April 25, 2022. The company is a manufacturer of hair care products and cosmetics intended to provide hair treatment for curly hair.

Club Coffee / Olam International: The company reached a definitive agreement to be acquired by Olam International for CAD 150 million on April 25, 2022. The company is an operator of a coffee processing company for retail, foodservice, and contract manufacturing clients.

Retox Beverage Co. / Koios Beverage: The company was acquired by Koios Beverage for $1.5 million on April 25, 2022. The company provides bar mix beverages.

Altair Analytical / Eurofins UK: The company was acquired by Eurofins UK for an undisclosed amount on April 25, 2022. The company is an operator of a food and drinks testing laboratory intended to serve local independent producers as well as multinational corporations.

Avalanche Distributing / Dillanos Coffee Roasters: The company was acquired by Dillanos Coffee Roasters for an undisclosed amount on April 26, 2022. The company is a provider of beverages and bakery products.

Fulfil Nutrition / Ferrero International: The company reached a definitive agreement to be acquired by Ferrero International for an undisclosed amount on April 25, 2022. The company is a manufacturer of healthy chocolate-based snacks and bars.

Gmundner Dairy eGen / SalzburgMilch: The company reached a definitive agreement to be acquired by SalzburgMilch for an undisclosed amount on April 26, 2022. The company is a producer of dairy products based in Gmunden, Austria.

Ingredient Solutions / Rupp: The company was acquired by Rupp for an undisclosed amount on April 27, 2022. The company is a producer and supplier of cheese and dairy products intended to serve the food industry.

Omega Ingredients / Robertet: The company was acquired by Robertet for an undisclosed amount on April 29, 2022. The company is a manufacturer and supplier of natural flavors intended for the food and beverage industry.

Salix Fruits / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on April 25, 2022. The company is a provider of fresh fruit intended for import-export.

Sealand Foods / HF Foods Group: The company reached a definitive agreement to be acquired by HF Foods Group for an undisclosed amount on April 25, 2022. The company is a wholesaler and supplier of frozen seafood intended to serve restaurants and supermarkets.

The Peach Cobbler Factory / Individual Investor: The company was acquired by Mr. Lawrence R. Johnston for an undisclosed amount on April 26, 2022. The company is an operator of a dessert franchise business.

Untitled Oats / Individual Investor: The company was acquired by Mr. George Mackintosh and Mr. Gregor Mackintosh for an undisclosed amount on April 28, 2022. The company is a producer of organic, Scottish oat milk products.

Zeewaar / The Seaweed Company: The company was acquired by The Seaweed Company for an undisclosed amount on April 28, 2022. The company is an operator of a seaweed farm designed to focus on sustainable seaweed cultivation.

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