Consumer Private Placement and M&A Transactions Review Week Ending May 14, 2023

EcoRobotix: The company raised $52 million of venture funding from Swisscom Ventures, Aqton and BASF Venture Capital on May 9, 2023. Yara Growth Ventures, Cibus Fund, Flexstone Partners, 4FOX Ventures, Verve Ventures and Swisscanto Private Equity also participated in the round. The company is a developer of autonomous machines intended for the ecological and economical weeding of row crops, meadows, and inter-cropping cultures.

FarmWise: The company raised $51.4 million of Series B venture funding in a deal led by Fall Line Capital and Middleland Capital on May 11, 2023. Taylor Farms, GV, The Riverstone Group, Cavallo Ventures, ATEL Capital Group, SVG Ventures-THRIVE, Playground Global, Felicis, Calibrate Ventures and Alumni Ventures also participated in the round. The company is a developer of farming robots designed to facilitate autonomous cultivation and organic farming.

Better Booch: The company raised $7.7 million of venture funding from undisclosed investors on May 8, 2023. The company is a producer of kombucha tea intended to improve digestion and strengthen the immune system.

Roadhouse Brewing: The company raised $4.9 million of venture funding from undisclosed investors on May 9, 2023. The company is an operator of a craft beer brewery.

CoAqua: The company raised $2.6 million of venture funding from undisclosed investors on May 8, 2023. The company is a producer of coconut water beverages intended to provide a natural and healthy alternative to sugary sports drinks.

Buoy: The company raised $2.5 million of venture funding from Chris Paul and other undisclosed investors on May 8, 2023. The company is a provider of hydrating wellness drops intended to turn any drink into a functional beverage.

Penelope Bourbon / Luxco: The company reached a definitive agreement to be acquired by Luxco, a subsidiary of MGP Ingredients, for $216 million on May 8, 2023. The company is a producer and retailer of alcoholic bourbon whiskey beverages.

Aila / Individual Investors: The company was acquired by Andrew Steele and Greg Rutherford for an undisclosed amount on May 10, 2023. The company is a manufacturer of natural and holistic active nutrition supplements.

Elixicure / Rodedawg International Industries: The company was acquired by Rodedawg International Industries for an undisclosed amount on May 11, 2023. The company is a manufacturer of plant-based products intended to offer relief for muscle pains.

Lowlander Beer / Nolet Spirits USA: The company was acquired by Nolet Spirits USA for an undisclosed amount on May 11, 2023. The company is an operator of a craft brewery that brews beer with botanicals.

Ontario Spring Water Sake Company / Takara Shozo International Group: The company received an undisclosed amount of financing from Takara Shozo International Group on May 9, 2023. The company is an operator of a sake brewery based in Toronto, Canada.

Seatopia / Wulf’s Fish: A stake in the company was acquired by Wulf’s Fish for an undisclosed amount on May 10, 2023. The company is a distributor of sustainable, farm-raised seafood.

Tutti Gourmet / Sweets from the Earth: The company was acquired by Sweets from the Earth for an undisclosed amount on May 8, 2023. The company is a producer of specialty foods, allergen-free and gluten-free snacks.