Consumer Private Placement and M&A Transactions Review Week Ending November 26, 2023

Air Company: The company raised $30.4 million of Series A venture funding in a deal led by Carbon Direct Capital Management on November 22, 2023. Toyota Ventures, JetBlue Ventures, MCJ Collective, New Climate Ventures and National Science Foundation also participated in the round. The company’s AIRMADE™ System is an advanced carbon conversion technology that transforms CO2 into an input resource for consumer and industrial products.

Nutmeg and Hive: The company raised GBP 5.5 million of venture funding from IRIS Ventures and other undisclosed investors on November 22, 2023, putting the company’s pre-money valuation at GBP 11.8 million. The company produces yoghurts made from whole fruit and honey.

Misaky.Tokyo: The company raised JPY 550 million of venture funding from Mitsubishi-Kagaku Foods, Mitsui Sumitomo Insurance Co. and SMBC Venture Capital on November 21, 2023. Euglena, Shinichi Takama, Yutaka Kaneko, Hiroyuki Miyake, Masaki Yamamoto and Kazutaka Mori also participated in the round. The company is a producer of edible Japanese crystals sweets and confectionery products.

Martin Pouret: The company received an undisclosed amount of development capital from Sofiproteol on November 23, 2023. The company is a producer of pickles, vinegar and mustard sauce based in Orléans, France.

TRUFF: The company entered into a definitive agreement to receive an undisclosed amount of development capital from SKKY Partners on November 21, 2023. The company is a producer of premium hot sauces and condiments. SKKY Partners was co-founded by Jay Sammons, and Kim Kardashian.

Evolva / Danstar Ferment: The company reached a definitive agreement to be acquired by Danstar Ferment for CHF 30 million on November 21, 2023. Evolva Holding SA is a biotechnology company engaged in developing and commercializing ingredients and biomanufacturing processes for consumer products.

Undone / Individual Investor: The company was acquired by Mr. Thomas Henry for an undisclosed amount on November 21, 2023. The company is a distributor and producer of nonalcoholic wines and spirits based in Hamburg, Germany.

W Group / Laboratoire Ea-pharma: The company was acquired by Laboratoire Ea-pharma, via its financial sponsors HarbourVest Partners, Motion Equity Partners, Muzinich Private Debt and Caelestys, through an LBO on November 22, 2023 for an undisclosed amount. The company is a manufacturer of food supplements based in the United States.