Strategy | Financing Highlight
Private Placement / Financing TransactionsFreight Farms: The company raised $17.5 million in Series B venture funding in a deal led by Aliaxis and Ospraie Ag Science (farming) on November 15, 2022, putting the company’s pre-money valuation at $108 million. Spark Capital, Stage 1 Ventures, Alkali Partners, and other undisclosed investors also participated in the round. The company is a developer of container farming technology designed to offer on-site commercial food production anywhere.

Springworks Farm: The company raised $17.1 million of venture funding from undisclosed investors on November 17, 2022. The company is a provider of an Aquaponics growing system for fresh produce.

Choice Market: The company raised $2.5 million of venture funding from undisclosed investors on November 17, 2022. The company is an operator of a convenience store chain intended to offer groceries and meals.

Harvst: The company raised an undisclosed amount of venture funding from SFC Capital and other undisclosed investors on November 17, 2022. The company is a developer of automatic mini greenhouse systems designed to grow fresh produce at home.

Herdwatch: The company received an undisclosed amount of development capital from Renatus Capital Partners on November 16, 2022. The company is a developer of farm management application software and platform technology designed to eliminate farm paperwork and make better decisions in farming operations.

The Oxford Artisan Distillery: The company raised an undisclosed amount of venture funding from Distill Ventures on November 17, 2022. The company is an operator of a distillery intended to craft gin, vodka and rye whiskey.


M&A TransactionsCheshire Cheese Company / Joseph Heler Cheese: The company was acquired by Joseph Heler Cheese for an undisclosed amount on November 15, 2022. The company is a manufacturer of cheese products based in Macclesfield, England.

CodaBene / Too Good To Go: The company was acquired by Too Good To Go for an undisclosed amount on November 14, 2022. The company is a developer of a food waste management platform intended to help retailers digitize their data in order to reduce food waste.

Envirem Organics / Convent Capital: The company was acquired by Convertus, via its financial sponsor Convent Capital, through an LBO on November 16, 2022 for an undisclosed amount. The company is a producer of bio-products intended for gardening and agricultural needs.

Goulard & Fils / TFF Group: The company reached a definitive agreement to be acquired by TFF Group for an undisclosed amount on November 17, 2022. The company is a manufacturer of oenological products and wood for the aging of wines.

Hilma / Biocodex: The company was acquired by Biocodex for an undisclosed amount on November 17, 2022. The company is a developer of clinical herbal products intended to offer science-backed natural health remedies.

Kohana Coffee / Westrock Coffee Company: The company was acquired by Westrock Coffee Company for an undisclosed amount on November 14, 2022. The company is a producer of specialty coffee and cold brew concentrate intended to offer an alternative to sugary sports drinks.

Melvin Brewing / Roadhouse Brewing: The company reached a definitive agreement to be acquired by Roadhouse Brewing for an undisclosed amount on November 14, 2022. The company is a manufacturer of beverages and operator of a pub intended to provide a line of high-quality beer experiences.

Penderyn Distillery / Individual Investor: The company received an undisclosed amount of financing from Mr. Gareth Bale on November 17, 2022. The company is a producer of alcoholic beverages with operations in Brecon Beacons, South Wales.

Poppilu / American Beverage Corporation: The company was acquired by American Beverage Corporation for an undisclosed amount on November 14, 2022. The company is a producer of lemon beverages intended to provide customers with low-sugar drinks.

Pulp Flavors / Edible Garden: The company was acquired by Edible Garden, a subsidiary of Terra Tech, for an undisclosed amount on November 15, 2022. The company is a producer of raw fermented sauces and hot sauce chili products.

Regal Fish Supplies / Flatfish: The company was acquired by Flatfish, a subsidiary of Nippon Suisan, for an undisclosed amount on November 15, 2022. The company is a producer of seafood for supplying fresh fish to customers at their doorsteps.


Source: Pitchbook Data, Inc.

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