Strategy | Financing | Macro & Markets
Private Placement / Financing Transactions

Picnic: The company raised EUR 430 million of venture funding from Edeka Zentrale, NPM Capital and Hoyberg on November 21, 2025. Gates Foundation also participated in the round. The company is a developer of an online grocery platform designed to streamline supermarket shopping for households.

Still Austin Whiskey: The company raised $44 million of Series D venture funding from PEAK6 Strategic Capital and other undisclosed investors on November 20, 2024, putting the company’s pre-money valuation at $163 million. The company is an operator of a craft whiskey distillery intended to provide various types of Whiskey drinks.

Kula Bio: The company raised $15.5 million of Series A1 venture funding from undisclosed investors on November 19, 2025, putting the company’s pre-money valuation at $213 million. The company is a developer of biofertilizer designed to create affordable, organic and sustainable methods of crop amendment.

Dos Hombres: The company raised $14.7 million of venture funding from undisclosed investors on November 21, 2025. The company is a producer of handcrafted mezcal alcoholic beverages.

Condado Tacos: The company received $10 million of development capital from undisclosed investors on November 17, 2025. The company is an operator of a chain of restaurants across Ohio.

Vivent: The company raised EUR 7.5 million of venture funding from Horticoop, Agri Investment Fund and Pymwymic on November 21, 2025. The company is a developer of biosensors designed to optimize climate conditions by managing plant health.

Aplós: The company raised $5 million Series A venture funding from undisclosed investors on November 19, 2025, putting the company’s pre-money valuation at $29 million. The company is a producer of plant-based functional alcohol intended to offer natural, alcohol-free hemp-infused spirits.

Shelter Distilling: The company raised $1 million of venture funding from undisclosed investors on November 18, 2025. The company is an operator of a craft distillery intended to capture the spirit of the Mountain West.

Market Wagon: The company raised an undisclosed amount of venture funding from Open Prairie Ventures on November 20, 2025. The company is an operator of an online farmer’s marketplace intended for food producers to connect with local and regional markets.

Mitsoh: The company raised an undisclosed amount of venture funding from Raven Indigenous Capital Partners on November 20, 2025. The company is an operator of an Indigenous-inspired food company intended to restore, preserve and share traditional culture through nutrient-dense pemmican and dry meat snacks.

Neurita Tequila: The company raised an undisclosed amount of venture funding from Grupo PSA on November 20, 2025. The company is a producer of agave-based distilled spirits.


M&A Transactions

LesserEvil / The Hershey Company: The company was acquired by The Hershey Company for an estimated $750 million on November 19, 2025. The company is a producer of organic and sustainable snacks.

Trubar / 1564128 B.C.: The company reached a definitive agreement to be acquired by 1564128 B.C., a subsidiary of ETI Gida Sanayi ve Ticaret, for an estimated CAD 184 million on November 23, 2025. Trubar Inc is a snacking company focused on delivering high-quality, plant-based protein products made with clean, recognizable ingredients.

Silbury Marketing / Kagome: The company reached a definitive agreement to be acquired by Kagome  for JPY 5.015 billion on November 21, 2025. The company is a provider of food ingredient solutions and bakery mixes serving manufacturers and foodservice businesses.

AVEC Drinks / Proxies: The company was acquired by Proxies for an undisclosed amount on November 19, 2025. The company is a producer of premium, low-sugar mixers made with real juice and natural botanicals, designed to be mixed with spirits or enjoyed on their own as a non-alcoholic beverage.

BeatBox Beverages / Anheuser-Busch InBev: The company reportedly is negotiating to be acquired by Anheuser-Busch InBev for $750 million on November 18, 2025. The company is a producer of high ABV, boxed, single serve alcoholic beverages.

Calihan Pork Processors / Calihan Processing Cooperative: The company, a subsidiary of American Foods Group, was acquired by Calihan Processing Cooperative for an undisclosed amount on November 18, 2025. The company is a producer of meat products based in Peoria, Illinois.

Combilo / Unknown Investor: The company was acquired by its management on an undisclosed date. The company is a supplier of fresh produce based in Waddinxveen, Netherlands.

Delenco Foods / Red Sky Food Group: The company was acquired by Red Sky Food Group, a subsidiary of The Welsh Sausage Company, for an undisclosed amount on November 20, 2025. The company is a producer of sausages intended for retailers, foodservice customers, cruise lines, schools and butchers.

Distill Brands International / Food Culture: The company was acquired by Food Culture for an undisclosed amount on November 18, 2025. The company produces and markets a variety of spirits and ready-to-drink (RTD) beverages like vodka, whiskey, rum, and gin, and uses innovative packaging technology to provide convenience and reduce environmental impact.

Eden Mill / Ruby Capital: The company was acquired by Ruby Capital through an LBO on November 21, 2025 for an undisclosed amount. The company is a producer of distilled beverages intended to serve the spirits and hospitality market.

Mezcal El Silencio / IJW Whiskey Company: The company was acquired by IJW Whiskey Company for an undisclosed amount on November 21, 2025. The company is an operator of an alcohol distillery that produces and sells premium handcrafted mezcal beverages.

Miyoko’s Creamery / Melt Organic: The company was acquired by Melt Organic, via its financial sponsor Sage Growth Capital, through an LBO on November 17, 2025 for an undisclosed amount. The company is a producer of vegan cheese and butter products.

Shaken Udder / Idilia Foods: The company was acquired by Idilia Foods for an undisclosed amount on November 17, 2025. The company is a producer of dairy products intended to serve independent retailers and supermarkets across the United Kingdom.

Simi Winery / WarRoom Cellars: The company, a subsidiary of The Wine Group, was acquired by WarRoom Cellars for an undisclosed amount on November 21, 2025. The company is a producer and seller of wines based in Healdsburg, California.

Volgo / Ferme des Voltigeurs: The company was acquired by Ferme des Voltigeurs for an undisclosed amount on November 17, 2025. The company is a producer of cooked and ready-to-eat poultry products catering to restaurants, institutional food services, and retail markets.


Source: Pitchbook Data, Inc.

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