Consumer Private Placement and M&A Transactions Review Week Ending May 8 2022

Solinftec: The company raised $60 million of venture funding in a deal led by Lightsmith Group on May 2, 2022. Unbox Capital, Circularis Partners and other undisclosed investors also participated in the round. The company offers AI and SaaS-based solutions for real-time monitoring, optimization and traceability of agricultural operations for food production.

Voyage Foods: The company raised $36 million of Series A venture funding in a deal led by Level One Fund and UBS O’Connor on May 5, 2022. SOSV and Horizons Ventures also participated in the round. The company is a producer of allergen-free and better-for-you food products intended to provide sustainable alternatives to regular foods.

Slutty Vegan: The company raised $25 million of venture funding from Danny Meyer and Richelieu Dennis on May 8, 2022. The company is an operator of a burger restaurant chain intended to provide vegan meals to underserved communities.

Spiceology: The company raised $8.6 million of venture funding in a deal led by Jackson Square Ventures on May 6, 2022. The company is a producer of flavored spices intended to deliver freshly ground gourmet rubs.

Three Farmers: The company raised $6.2 million of venture funding in a deal led by District Ventures Capital on May 3, 2022. Golden Opportunities Fund, PIC Investment Group and Export Development Canada also participated in the round. The company is a manufacturer and producer of healthy snack foods including roasted fava beans, chick peas and lentils.

SipMargs: The company raised $3 million of venture funding from Glosslab and The Lab Capital Advisors on May 4, 2022. The company is a manufacturer of tequila and mezcal intended to create an authentic canned margarita.

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Fluence Bioengineering / Signify: The company, a subsidiary of Osram Licht, was acquired by Signify for $272 million on May 2, 2022. The company is a manufacturer of lighting solution products for controlled environment commercial crop production.

Artesa / Tate & Lyle: The company was acquired by Tate & Lyle for an undisclosed amount on May 3, 2022. The company is a producer of chick pea flour and protein ingredients for use in plant-based food products.

Baker Cheese / Sargento Foods: The company reached a definitive agreement to be acquired by Sargento Foods for an undisclosed amount on May 3, 2022. The company is a producer of natural string cheese products.

Cup of Tea / Agnes Ephraim: The company was acquired by Agnes Ephraim for an undisclosed amount on May 3, 2022. The company is a distributor and supplier of tea products.

Dandy / Fuzzy: The company was acquired by Fuzzy for an undisclosed amount on May 5, 2022. The company is a producer of personalized supplement treats intended to provide a proactive and preventative approach to pet dogs’ overall wellness.

F!VE / Better Drinks: The company was acquired by Better Drinks for an undisclosed amount on May 4, 2022. The company is a producer of ready-to-drink craft cocktails intended to provide bar-quality drinks in a can.

Growers Express / B&G Foods: The Frozen Vegetable Manufacturing Operations of Growers Express was acquired by B&G Foods for an undisclosed amount on May 5, 2022. The company is a producer of frozen vegetable products based in Monterey, California.

Hauser Estate Winery / Individual Investor: The company was acquired by a private investor on an undisclosed date. The company is a producer and distributor of wine based in Gettysburg, Pennsylvania.

Magnum Finest Spirits / Breezer Ventures: The company reached a definitive agreement to acquire Breezer Ventures through a reverse merger on May 4, 2022. The company is a manufacturer of distilled spirits located in Las Vegas, Nevada.

Paulita’s New Mexico / Tajín: The company was acquired by Tajín for an undisclosed amount on May 6, 2022. The company is a producer of hatch green chile products and recipes located in Rio Rancho, New Mexico.