Consumer Private Placement and M&A Transactions Review Week Ending November 17, 2024

Wonder: The company raised $950 million of Series C venture funding from GV, American Express Ventures and Alpine Group on November 13, 2024. Kuvare Insurance Services LLC, Aramex Ventures, Nestlé, Dragoneer Investment Group, Blue Investment Group, Red & Blue Ventures, New Enterprise Associates, Accel, Bain Capital Ventures, Forerunner Ventures, Harmony Partners, Watar Partners, CAZ Investments, Fubon Financial and Jefferies Financial Group also participated in the round. The company is an operator of a cloud kitchen platform intended to provide high-profile chef recipes.

Elicit Plant: The company raised EUR 45 million of Series B venture funding in a deal led by Carbyne Equity Partners on November 14, 2024. Sofinnova Partners, ECBF Management and Bpifrance also participated in the round. The company is an operator of an agro-biotech business specialized in crop water resistance and the development of innovative phytosterol-based solutions.

Klim: The company raised EUR 22 million of Series A venture funding in a deal led by BNP Paribas on November 12, 2024. Achmea, Elevator Ventures, Norinchukin Capital, Ananda Impact Ventures, AgFunder, Climate Capital, Earthshot Ventures, Rabobank Group and The Norinchukin Bank also participated in the round. The company is an operator of a food technology business intended to provide solutions for farmers and food companies to transition global food supply chains towards regenerative practices.

Shiru: The company raised $16 million in Series B funding in a deal led by S2G Ventures on November 13, 2024, putting the company’s pre-money valuation at $18 million. Nourish Ventures, W Fund, Gaingels, Meach Cove Capital, Lux Capital, CPT Capital, Aera VC, Good Startup, Plug and Play Tech Center and Volta Circle also participated in the round. The company is a provider of an AI-powered ingredient discovery and development platform for consumer products.

Hazel Technologies: The company raised $8.2 million of venture funding from undisclosed investors on November 12, 2024. The company is a developer of agricultural and postharvest technologies designed to extend a product’s shelf-life and integrate with existing supply chains.

VidaFuel: The company raised $3.4 million of venture funding from undisclosed investors on November 14, 2024. The company is a producer of nutritional protein drinks.

Frönen: The company raised $2.9 million of venture funding from undisclosed investors on November 13, 2024. The company is a producer of dairy free ice cream alternatives.

The Bootlegger: The company raised GBP 2 million of venture funding in a deal led by SVN Capital on November 15, 2024. The company is an operator of a chain of bars.

G Spot: The company raised GBP 1.7 million of venture funding from Heineken and other undisclosed investors on November 12, 2024, putting the company’s pre-money valuation at GBP 10.3 million. The company is a producer of functional soft drinks.

Cocktail Keg Company: The company raised GBP 1.2 million of venture funding in a deal led by Clarendon Fund Managers on November 11, 2024, putting the company’s pre-money valuation at GBP 2.0 million. Trevor Annon also participated in the round. The company is a producer of ready-to-drink cocktails.

Blacklock: The company received an undisclosed amount of development capital from BGF on November 13, 2024. The company is an operator of a steakhouse chain based in the United Kingdom.

Mr Bing Foods: The company raised an undisclosed amount of venture funding from Branded Hospitality on November 11, 2024. The company is a producer of sauces and condiments.

Savel: The company received an undisclosed amount of development capital from Unigrains and Unexo on November 12, 2024. The company is a processor and distributor of poultry and rabbits based in Lannilis, France.

Grubhub / Wonder: The company reached a definitive agreement to be acquired by Wonder for $650 million on November 13, 2024. The company is a developer of an online food ordering platform intended to link individuals and companies with local restaurants and caterers.

Omne Agency / YFM Equity Partners: The company was acquired by YFM Equity Partners and Mr. Michael Gividen through a GBP 8.7 million LBO on November 11, 2024. The company is an operator of a food service marketing agency intended to serve food, beverage, and hospitality markets.

Annessa Imports / Kiril Mischeff Ltd: The company was acquired by Kiril Mischeff Ltd for an undisclosed amount on November 13, 2024. The company is a a food and wine importer of Italian foods and products for the retail and food service industry located in London, United Kingdom.

Branding Iron Holdings / Kingswood Capital Management: The company was acquired by Kingswood Capital Management through an LBO on November 14, 2024 for an undisclosed amount. The company is a producer of meat products in the United States.

Genuine Tea / Goodfood Market: The company was acquired by Goodfood Market for an undisclosed amount on November 14, 2024. The company is a producer of loose tea blends and tea products.

Grab / Graymatter Software Services: The company was acquired by Graymatter Software Services, a subsidiary of Reply, for an undisclosed amount on November 14, 2024. The company is an operator of a digital commerce platform which allows travelers to order food and other items at airports.

Greenhill Produce / Mucci Farms: The company was acquired by Mucci Farms, via its financial sponsor Novacap, through an LBO on November 13, 2024 for an undisclosed amount. The company is an operator of a hydroponic greenhouse business designed to produce high-quality, sustainable produce.

Halo Beauty / Unknown Investor: The company was acquired by an undisclosed investor on November 14, 2024. The company is a manufacturer of supplements, skincare, cosmetics and other beauty industry products.

Hammond’s Candies / Lolli and Pops: The company was acquired by Lolli and Pops, via its financial sponsors TerraMar Capital and Bells Ventures, through an LBO on November 13, 2024 for an undisclosed amount. The company is a manufacturer of candies and chocolates based in Denver, Colorado.

HNST / Claes Retail Group: The company was acquired by Claes Retail Group for an undisclosed amount on November 14, 2024. The company is an operator of of a clothing brand with a focus on sustainability.

Noosa Yoghurt / Lakeview Farms: The company has entered into a definitive agreement to be acquired by Lakeview Farms, via its financial sponsor CapVest Partners, through an LBO for an undisclosed amount on November 12, 2024. The company is a producer of flavored yogurt based in Bellvue, Colorado.

Rustica / Jester Concepts: The company was acquired by Jester Concepts for an undisclosed amount on November 12, 2024. The company is a producer of bakery products intended for retailers, cafes, and restaurants.

Taste Like / Nectar: The company was acquired by Nectar for an undisclosed amount on November 12, 2024. The company is a provider of a directory for animal-free meat, seafood, egg, dairy and pet food products.

Treaty Oak Distilling / High Basin Brands: The company was acquired by High Basin Brands for an undisclosed amount on November 13, 2024. The company is an operator of a whiskey distillery.