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

Counter Service: The company raised $30 million of Series A venture funding from undisclosed investors on October 22, 2025, putting the company’s pre-money valuation at $112.5 million. The company is an operator of an automated robotic kitchen system for preparing and serving plant-based food in commercial settings.

Bespoken Spirits: The company raised $12.4 million of Series C venture funding from undisclosed investors on October 20, 2025. The company is an operator of a technology-enabled spirits production business using accelerated aging processes to produce whiskey and other distilled spirits.

LISAqua: The company raised EUR 9.4 million of venture funding from Societe Cooperative Agricole Le Gouessant, Mer Invest and Noshaq on October 20, 2025, putting the company’s pre-money valuation at EUR 12.6 million. Fonds Revolution Environnementale et Solidaire, Crédit Mutuel Impact, and other undisclosed investors also participated in the round. The company is an operator of a sustainable aquaculture farm intended to breed shrimp.

UMe Tea: The company raised $10 million of Series A venture funding in a deal led by iFly.vc, Conductive Ventures and MY Capital on October 24, 2025. The company is an operator of a retail tea beverage chain serving customizable tea-based drinks and specialty beverages.

Odyssey Elixir: The company raised $6.3 million of venture funding from Ei Ventures and other undisclosed investors on October 23, 2025. The company is a producer of functional mushroom-infused energy drinks and beverages formulated with adaptogens and nootropics.

Upp: The company raised GBP 2 million of venture funding in the form of equity and grant funding from Elbow Beach Capital on October 23, 2025. The company is a developer of plant-based protein and fiber ingredients derived from upcycled food byproducts for food manufacturing applications.

Chain: The company raised an undisclosed amount of venture funding from Fox Entertainment Group on October 24, 2025. The company is an operator of a fast-casual restaurant concept serving burgers and American cuisine.

Happy Products: The company raised an undisclosed amount of venture funding from Taste Tomorrow Ventures on October 23, 2025. The company roasts and distributes specialty coffee beans for retail and foodservice customers.


M&A Transactions

Potbelly Sandwich Works / RaceTrac: The company was acquired by RaceTrac for $566 million on October 23, 2025. Potbelly Corp operates and franchises a fast-casual restaurant chain specializing in sandwiches, salads, and milkshakes.

Austria Juice / AGRANA Beteiligungs: The company was acquired by AGRANA Beteiligungs, a subsidiary of Ingredion, for EUR 54.7 million on October 22, 2025. The company is a producer of fruit juice concentrates, beverage compounds, and flavor bases for soft drink, alcoholic beverage, and food manufacturing industries.

Festival Foods / Schnucks: The company was acquired by Schnucks for an undisclosed amount on October 20, 2025. The company is a regional supermarket chain based in De Pere, Wisconsin.

Genesee Candy Land / NxGen Brand: The company was acquired by NxGen Brand for an undisclosed amount on October 20, 2025. The company is a distributor of novelty candy and confectionery products to wholesale and retail customers.

Hometown Grocers / Schnucks: The company was acquired by Schnucks for an undisclosed amount on October 20, 2025. The company is a regional supermarket chain based in De Pere, Wisconsin.

International Spices / Woodland Gourmet: The company was acquired by Woodland Gourmet, via its financial sponsors Barings and Graham Partners, through an LBO on October 22, 2025 for an undisclosed amount. The company is a distributor of bulk spices, herbs, and specialty ingredients to food manufacturers, restaurants, and foodservice distributors.

Mann Packing / Church Brothers Farms: Church Brothers Farms reached a definitive agreement to acquire the company, a subsidiary of Fresh Del Monte Produce, for an undisclosed amount on October 21, 2025. The company is a producer and supplier of fresh-cut vegetables, salad kits, and value-added vegetable products.

Mokamatic / IVS Group: The company was acquired by IVS Group for an undisclosed amount on October 21, 2025. The company is a distributor of automatic vending machines for offices, hospitals, universities, and institutional facilities.

NutriAg / HGS BioScience: The company was acquired by HGS BioScience, via its financial sponsor Paine Schwartz Partners, through an LBO on October 21, 2025 for an undisclosed amount. The company is a manufacturer of agricultural nutrients, crop protection chemicals, and specialty fertilizers for commercial farming operations.

Porter Road / Chris Roach: The company was acquired by Chris Roach for an undisclosed amount on October 24, 2025. The company is an operator of a butcher shop and e-commerce platform selling pasture-raised, dry-aged beef and meat products.


Source: Pitchbook Data, Inc.

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