Consumer Private Placement and M&A Transactions Review Week Ending May 7, 2023

Lemnature AquaFarms: The company raised $58.5 million of venture funding from undisclosed investors on May 4, 2023. The company is a provider of plant-based nutrition intended to meet the diverse challenges facing global food systems.

Planet A Foods: The company raised $21.8 million of venture funding from undisclosed investors on May 1, 2023. The company is a producer of plant-based cocoa-free chocolate.

Icelandic Provisions: The company raised $17.8 million of venture funding from undisclosed investors on May 4, 2023. The company is a producer of cultured dairy products and food that is rooted in Icelandic traditions.

Hero Bread: The company raised $15 million of Series B venture funding from GreatPoint Ventures, Composite Ventures and DNS Capital on May 2, 2023, putting the company’s pre-money valuation at $140 million. Cleveland Avenue, Union Grove Venture Partners and 444 Capital also participated in the round. The company is a producer of healthy baked food, without the net carbs, sugar, and calories of conventional baked goods.

Klocke Estate: The company raised $12.6 million of venture funding from undisclosed investors on May 3, 2023. The company is an operator of a destination farm distillery intended to offer crafted brandies.

SkinnyDipped: The company raised $5.7 million of Series A1 venture funding from undisclosed investors on May 1, 2023. The company is a producer of chocolate-coated almond snacks.

Sourse: The company raised $2.4 million of venture funding from Satori Capital, New Theory Ventures and Jaws Ventures on May 2, 2023. The company is a producer of vitamin chocolate products intended to offer functional wellness benefits.

Kit NA Brewing: The company raised $2.3 million of venture funding from Maine Venture Fund and other undisclosed investors on May 1, 2023. The company operates a non-alcoholic brewery that produces craft beer.

Made by Cruz: The company raised $2.1 million of venture funding from undisclosed investors on May 3, 2023. The company is a producer of salsa sauces.

Next Century Spirits: The company raised $1.9 million of venture funding in a deal led by Valedor Partners on May 3, 2023. Matthew Bronfman also participated in the round. The company is a producer of distilled spirits intended for private labels, private brands, and bulk and craft markets.

Pixelfarming Robotics: The company raised an undisclosed amount of venture funding from Executive Capital Group in May 2023. The company is a manufacturer of advanced agricultural farming robots.

North Coast Wine Co. / Duckhorn Vineyards: The company entered into a definitive agreement to be acquired by Duckhorn Vineyards, via its financial sponsor TSG Consumer, through an LBO on May 4, 2023 for an undisclosed amount. The company is a producer of wine and alcoholic beverages.

Above Food / Bite Acquisition: The company reached a definitive agreement to acquire Bite Acquisition Corp through a reverse merger, resulting in the combined entity trading on the NYSE under the ticker symbol ABVE on May 1, 2023. The company is a manufacturer of regenerative and vertically integrated plant-based food products.

Agolin / Alltech: The company was acquired by Alltech for an undisclosed amount on May 3, 2023. The company is a producer of animal feeds intended to optimize feed intake and gut health for livestock.

Fishers Island Lemonade / Spirit of Gallo: The company was acquired by Spirit of Gallo, a subsidiary of E & J Gallo Winery, for an undisclosed amount on May 1, 2023. The company is a manufacturer of canned cocktails based in Fishers Island, New York.

Folly Coffee Roasters / FairWave: The company was acquired by FairWave, via its financial sponsors Great Range Capital and Harris Preston & Partners, through an LBO on May 2, 2023 for an undisclosed amount. The company is an operator of cafés and is a wholesaler of roasted coffee intended for cafes, offices, restaurants, bars, apartments and grocery stores.

Hardie’s Fresh Foods / The Chefs’ Warehouse: The company was acquired by The Chefs’ Warehouse for an undisclosed amount on May 1, 2023. The company is a provider of fresh produce to the food service industry.

Los Altos Food Products / Sigma Alimentos: The company reached a definitive agreement to be acquired for an undisclosed amount on May 3, 2023. The company is a producer of authentic Mexican cheese products.

Philtera Cold Brewed Coffees / FairWave: The company was acquired by FairWave, via its financial sponsor Great Range Capital and Harris Preston & Partners, through an LBO on May 02, 2023 for an undisclosed amount. The company is a provider of cold-brewed coffee.

The Vurger Co / Undisclosed Investor: The company was acquired for an undisclosed amount on May 5, 2023. The company is an operator of a vegan fast food restaurant intended to serve plant-based burgers.

Vital Solutions / Fytexia: The company was acquired by Fytexia, a subsidiary of ABF Ingredients, for an undisclosed amount on May 1, 2023. The company is a producer of natural ingredients for use in food, functional food, dietary supplements and traditional herbal medicines.

Webster City Custom Meats / Midwest Quality Wholesale: The company was acquired by Midwest Quality Wholesale for an undisclosed amount on May 1, 2023. The company specializes in custom meat processing of proteins such as smoked ham, smoked bacon, smoked turkeys, fresh sausage products, boneless ham roasts, and smoked pork loins and well as a variety of specialty items.

Woah Cold Brew / Individul Investor: The company was acquired by Mr. Ryan Lubker for an undisclosed amount on May 2, 2023. The company is a developer of packaged cold brew coffee.

YoFiit / 14901100 Canada: The company reached a definitive agreement to be acquired by 14901100 Canada for an undisclosed amount on May 1, 2023. The company is a producer of plant-based nutrition bars.