Strategy | Financing Highlight
Private Placement / Financing TransactionsInari: The company raised $124 million of Series E venture funding from Non-Government Schools Superannuation Fund, Flagship Pioneering and Hanwha Impact Partners on October 4, 2022, putting the company’s pre-money valuation at $1.38 billion. The company is a developer of a plant breeding platform designed to build a new and more sustainable food system.

Liquid Death: The company raised $54.8 million of Series D venture funding in a deal led by Science on October 3, 2022, putting the company’s pre-money valuation at $645 million. The company is a producer of canned water.

Gourmey: The company raised $48 million of Series A venture funding in a deal led by Earlybird Venture Capital on October 5, 2022. The company is a producer of cultivated meat and foie gras from duck cells.

iFoodDS: The company raised $22.3 million of Series A venture funding in a deal led by Insight Partners on October 4, 2022. The company is a developer of traceability software for the agriculture industry supply chain.

Martian Farms: The company raised CAD 26 million of venture funding from Brightspark Ventures and other undisclosed investors on October 3, 2022. The company is a producer of sustainable and zero pesticides green vegetables grown in vertical farming facilities and intended to conserve water, save labor and increase crop yields.

Stellar Pizza: The company raised $16.5 million through in Series A venture funding in a deal led by Marcy Venture Partners on October 3, 2022, putting the company’s pre-money valuation at $50 million. The company is an operator of a fleet of mobile pizza trucks.

BeatBox Beverages: The company raised $15.9 million of Series C venture funding in a deal led by Concentric Equity Partners on October 7, 2022. The company is a producer of alcoholic beverages.

Partake Foods: The company raised $11.5 million of Series B venture funding from CircleUp, SKU’D Ventures and Gold House Ventures on October 4, 2022. The company is a producer and supplier of gluten-free, vegan, and allergy-friendly cookies.

Yo-Health: The company closed on $10 million of an undisclosed targeted amount of venture funding on October 4, 2022. The company is a producer and seller of Beijing-style food products intended to offer natural, healthy food products.

Tractor Zoom: The company raised $5 million of Series A1 venture funding in a deal led by Builders VC and Bienville Capital on October 3, 2022, putting the company’s pre-money valuation at $15.45 million. The company is an operator of an online marketplace intended to digitally connect farmers with equipment auctioneers.

Baluchon – A Table Citoyens: The company raised EUR 2 million of venture funding from undisclosed investors on October 7, 2022. The company is a producer of ultra-fresh ready meals, made from unprocessed seasonal products.


M&A TransactionsDenali Ingredients / Orkla Food Ingredients: The company, a subsidiary of Denali Companies reached a definitive agreement to be acquired by Orkla Food Ingredients, a subsidiary of Orkla, for $168 million on October 3, 2022. The company is a manufacturer of food ingredients intended to serve the ice cream, novelty, fluid dairy, bakery and foodservice markets.

Evergreen Packaging / Southern Champion Tray: The company, a subsidiary of Pactiv Evergreen, a subsidiary of The Rank Group was acquired by Southern Champion Tray for an undisclosed amount on October 3, 2022. The company is a manufacturer of paper packing for bakery, deli, food service and wholesale markets.

Indie Bay Snacks / Nurture Brands: The company was acquired by Nurture Brands for an undisclosed amount on October 5, 2022. The company is a provider of healthy snacks.

Leilo / Fiji Kava: The company reached a definitive agreement to be acquired by Fiji Kava for an undisclosed amount on October 3, 2022. The company is a provider of non-alcoholic beverages intended for stress relief and relaxation.

Myxx / SmartCommerce: The company was acquired by SmartCommerce for an undisclosed amount on October 4, 2022. The company is a developer of a digital shopping platform designed to simplify the grocery shopping experience by connecting brands and retailers to customers.

Weismainer Püls Bräu / Brewery Gebr. Maisel: The company was acquired by Brewery Gebr. Maisel for an undisclosed amount on October 7, 2022. The company is a manufacturer and distributor of beer.

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