Strategy | Financing Highlight
Private Placement / Financing TransactionsHoxton Farms: The company raised GBP 20.2 million of Series A venture funding in a deal led by Collaborative Fund and Fine Structure Ventures on October 20, 2022, putting the company’s pre-money valuation at GBP 18.0 million. The company is a producer of an animal-free fat-using a tissue culture system to create meat alternatives.

AgroSpheres: The company raised $22.2 million of venture funding from undisclosed investors on October 20, 2022. The company is a developer of a biodegradable encapsulation technology designed to remove potentially harmful pesticide residue from plants.

Poppi: The company raised $13.6 million of venture funding from undisclosed investors on October 17, 2022. The company is a producer of prebiotic soda intended to help improve gut health.

GenoPalate: The company raised $6.1 million of venture funding from undisclosed investors on October 21, 2022. The company is a developer of a genetic data analytics platform designed to empower consumers to eat healthily by assessing their genes.

Grab: The company raised $2.6 million of venture funding from undisclosed investors on October 18, 2022. The company is an operator of a self-service platform intended to help airport travelers order food on the go.

Baouw: The company raised EUR 2 million of venture funding in a deal led by Crédit Agricole Alpes Développement and Seventure Partners on October 18, 2022. The company is a producer of organic food products intended to focus on sports nutrition.

Siempre Tequila: The company raised venture funding in the form of convertible debt from undisclosed investors on October 18, 2022. The company is a producer and seller of tequila-based alcoholic beverages based in Toronto, Canada.

Vertical Harvest: The company raised an undisclosed amount of Series B venture funding from The Brave and DRA Family Office on October 19, 2022. The company is an operator of vertical hydroponic farms.

Nat & Form: The company received an undisclosed amount of development capital from IDIA Capital Investissement, Unexo and BNP Paribas Développement on October 20, 2022. Credit Agricole Entreprises provided debt financing to support the transaction. The company is a developer of eco-responsible herbal food supplements.


M&A TransactionsSeattle’s Best Coffee / Nestlé: The company reached a definitive agreement to be acquired by Nestlé for $7.2 billion on October 19, 2022. The company is a producer and distributor of roasted coffee beans located in Seattle, Washington.

EM Foods / Newlat Food: EM Foods of Alsa France reached a definitive agreement to be acquired by Newlat Food for 20 million euros on October 20, 2022. The company is a manufacturer of baked and dessert mixes based in Ludres, France.

Vegan Essentials / PlantX Lifestyle USA: The company was acquired by PlantX Lifestyle USA, a subsidiary of PlantX Life, on October 17, 2022. The company is a retailer of vegan products based in Waukesha, Wisconsin.

Château Lanessan / Treasury Wine Estates: The company was acquired by Treasury Wine Estates, for an undisclosed amount on October 19, 2022. The company is an operator of a winery based in Cussac-Fort-Médoc, France.

Codéviandes / Bouchers Services: The company was acquired by Bouchers Services for an undisclosed amount on October 18, 2022. The company is a provider of meat processing services based in Paris, France.

Codigo 1530 / Pernod Ricard: The company reached a definitive agreement to be acquired by Pernod Ricard for an undisclosed amount on October 17, 2022. The company is a producer of tequila beverages.

Doisy & Dam / Nurture Brands: The company was acquired by Nurture Brands for an undisclosed amount on October 20, 2022. The company is a producer of chocolates and confectionery products intended to offer desserts with a balance of nutrition and indulgence.

Green’s Natural Foods / Healthier Choices Management: The company was acquired by Healthier Choices Management for an undisclosed amount on October 17, 2022. The company is an operator of a chain of grocery stores specialized in serving organic and all-natural products.

Rainfield Marketing Group / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on October 19, 2022. The company is a fresh produce provider that distributes fresh fruits, vegetables, and Asian specialty items to customers across the United States and is based in Vernon, California.

Side Launch Brewing Company / Equals Brewing Company: The company was acquired by Equals Brewing Company for an undisclosed amount on October 20, 2022. The company is a provider of crafted beer made up of a blend of imported and domestic malts.

Your Super / The Healing Company: The company was acquired by The Healing Company for an undisclosed amount on October 17, 2022. The company is a producer of organic food powder mixes intended to facilitate and improve health.


Source: Pitchbook Data, Inc.

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