Consumer Private Placement and M&A Transactions Review Week Ending May 29 2022

Joywell: The company raised $25 million of venture funding in a deal led by Piva Capital on May 27, 2022. Evolv Ventures, Khosla Ventures, Alumni Ventures, B37 Ventures, Global Brain and IndieBio also participated in the round. The company is a producer of beverages made with exotic sweet plant proteins as a sugar alternative.

AmplifiedAg: The company raised $10 million of venture funding in the form of convertible debt from undisclosed investors on May 27, 2022. The company is a developer of agricultural hydroponic systems, and seed-to-sale SaaS-based technologies designed to monitor and control agro-farms.

Miyoko’s Creamery: The company raised $7 million of venture funding from Obvious Ventures and Powerplant Ventures on May 24, 2022. The company is a producer of vegan cheese and butter products intended to reduce the consumption of animal products.

Culture Fresh Foods: The company is reportedly in the process of raising $2.5 million of venture funding on May 27, 2022. The company is a producer of plant-based organic food products.

Onafis: The company raised EUR 2 million of venture funding from Holnest, Vitirev Innovation and Atlantique Vendée Innovation on May 27, 2022. Business Angels also participated in the round. The company is a developer of software designed for wine tracking and traceability from harvest to bottling.

Casa Del Sol: The company raised venture funding from undisclosed investors on May 24, 2022. The company is a producer of alcoholic beverages in Santa Ynez, California.

Jolly Mama: The company raised venture funding from Notus Technologies, Camélias and other undisclosed investors on May 25, 2022, putting the company’s pre-money valuation at EUR 5.7 million. The company is a producer of food products for women’s nutrition.

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Myrmex / Ocado Group: The company reached a definitive agreement to be acquired by Ocado Group for EUR 10.2 million on May 23, 2022. The company is a developer of an unmanned grocery delivery system designed to automate the process of delivering online orders to customers from a collection point.

Joko Impex / N&K: The company was acquired by N&K for an undisclosed amount on May 25, 2022. The company is a supplier of fruits and coconuts located in Rotterdam, Netherlands.

Legal Draft Beer Company / Bishop Cider: The company reached a definitive agreement to be acquired by Bishop Cider for an undisclosed amount on May 23, 2022. The company is an operator of a craft brewery in Texas.

Modern Times Beer / Maui Brewing Company: The company reached a definitive agreement to be acquired by Maui Brewing Company for an undisclosed amount on May 25, 2022. The company is an operator of a production brewery, tasting room and coffee roasting business.

Nestle Toll House Cafe / FAT Brands: The company reached a definitive agreement to be acquired by FAT Brands, a subsidiary of Fog Cutter Capital Group, for an undisclosed amount on May 25, 2022. The company is an operator of a chain of cafes based in Richardson, Texas.

Produce Connection / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on May 24, 2022. The company is a producer and distributor of fresh food produce in Texas and Arizona.

Wild Acre Brewing / Bishop Cider: The company was acquired by Bishop Cider for an undisclosed amount on May 23, 2022. The company is an operator of a craft brewery.

Woodhouse Brewing / Junction Craft Brewery: The company was acquired by Junction Craft Brewery for an undisclosed amount on May 26, 2022. The company is a producer of alcoholic beer based in Toronto, Ontario.