Private Placement Transactions:
Galley: The company raised $14.2 million of Series A venture funding in a deal led by Astanor Ventures on May 20, 2022. Zetta Venture Partners also participated in the round. The company is a developer of a food service platform designed to assist organizations to optimize their food production process.
Locale: The company raised $14 million of venture funding in a deal led by Andreessen Horowitz on May 17, 2022. Wave Capital, Decent Capital, Y Combinator, Devin Wenig, Deborah Liu and Manish Chandra also participated in the round. The company is an operator of a food delivery service intended to provide local food all in one box.
Looptify: The company entered into a definitive agreement on raising $7 million of an undisclosed targeted amount of Series A venture funding on May 22, 2022. The company is a developer of an online marketplace platform designed to connect fans with their favorite celebrities, influencers and athletes.
Botanisol Analytics: The company raised $4.2 million of Series A venture funding in the form of convertible notes from Octane, Apar Investments and Trihelix Investments on May 19, 2022, putting the company’s pre-money valuation at $15.5 million. Keiretsu Forum, MicroVentures, Techstars and Prelude Capital also participated in the round. The company is a developer of a molecular detection device designed for digital virus screening.
Wander + Ivy: The company raised $3.2 million of venture funding from undisclosed investors on May 20, 2022. The company is an operator of a premium and organic wine brand intended to elevate the single-serve wine experience.
Willicroft: The company raised EUR 2 million of venture funding in a deal led by PINC Group and Rockstart on May 17, 2022. Döhler Ventures and Feast Ventures also participated in the round. The company is a manufacturer and retailer of plant-based cheese products intended to serve as a sustainable vegan alternative to traditional forms of cheese.
The Vurger Co: The company raised $2.10 million of venture funding in the form of convertible debt from undisclosed investors on May 20, 2022. The company is a producer of vegan mayo sauces for the fast-food industry.
Flink: The company raised an undisclosed amount of venture funding in a deal led by Insight Partners on May 17, 2022. Accel, Better Tomorrow Ventures and Flourish Ventures also participated in the round. The company is a provider of a delivery service intended to supply groceries directly to the home within ten minutes and at supermarket prices.
Motif FoodWorks: The company raised an undisclosed amount of venture funding from FootPrint Coalition Ventures and Teachers’ Venture Growth on May 18, 2022. The company is a developer of plant-based food products designed to develop healthy food using genetic engineering and fermentation.
M&A Transactions:
Dippin’ Dots / J&J Snack Foods: The company reached a definitive agreement to be acquired by J&J Snack Foods for $222 million on May 19, 2022. The company is a manufacturer and seller of frozen candy products intended to serve the domestic and international market.
Cajoo / Flink: The company was acquired by Flink for $95 million on May 16, 2022. The company is a developer of a grocery delivery platform designed to provide reliable and rapid delivery of groceries.
Comme des Papas / Ansamble: The company was acquired by Ansamble for an undisclosed amount on May 17, 2022. The company is a manufacture of organic baby food based in Le Controis-en-So, France.
Dakota Plains Ag Center / Cargill: The company reached a definitive agreement to be acquired by Cargill for an undisclosed amount on May 18, 2022. The company is a provider of purchasing services for agricultural producers of food grains.
Finley’s Barkery / NutriSource: The company was acquired by NutriSource for an undisclosed amount on May 18, 2022. The company is a manufacturer of dog treats.
GoParrot / Block: The company was acquired by Block for an undisclosed amount on May 18, 2022.. The company is a developer of a food ordering platform designed to personalize the digital ordering experience.
Heinrich Brüning / Cefetra: The company reached a definitive agreement to be acquired by Cefetra, a subsidiary of BayWa, for an undisclosed amount on May 19, 2022. The company is a distributor and supplier of dried fruits and nuts catering to the processing food industry, discount supermarkets and food retailers.
Holy Water Distillery / KLYR Rum: The company was acquired by KLYR Rum for an undisclosed amount on May 16, 2022. The company is a producer of distilled spirits located in Lewisberry, Pennsylvania.
Meatless / BENEO: The company was acquired by BENEO for an undisclosed amount on May 19, 2022. The company is a producer of food products intended to offer texturized plant-based ingredients as an alternative to animal protein.