Consumer Private Placement and M&A Transactions Review Week Ending September 11 2022

Private Placement / Financing Transactions

Planted: The company raised CHF 70 million of Series B venture funding in a deal led by L Catterton on September 1, 2022. The company is a producer of plant-based meats intended to reduce consumption of animal-based proteins.

Taranis: The company raised $40 million of Series D venture funding in a deal led by Inven Capital on September 7, 2022. The company is a developer of an AI-powered crop analytics platform designed to provide demand intelligence for agribusiness.

Aqua-Yield: The company raised $16.4 million of venture funding from undisclosed investors on September 7, 2022. The company is a developer of nano liquid technology for agriculture production intended to develop fertilizer and crop nutrition specifically suited for the agriculture industry.

Neutral: The company raised $12 million of Series A venture funding in a deal led by Breakthrough Energy Ventures on August 31, 2022. Kirin Holdings Company, Global Brain, Craig Shapiro, and The Norinchukin Bank also participated in the round. The company is a manufacturer of carbon-neutral food products.

Rise Brewing: The company raised $7.5 million of venture funding from undisclosed investors on September 6, 2022. The company is a producer of natural nitrogen-infused cold brew coffee intended to offer organic beverage alternatives.

DELLI: The company raised $7.2 million of venture funding led by HV Capital and Balderton Capital on September 5, 2022. DELLI uses the “drop” model seen in fashion to sell products (where a limited amount of a new product is released at a set time) to help build excitement around each product, but also to combat obstacles small producers can face like managing food waste, cash and ingredient flow.

SkinTē: The company raised $3.5 million of Series A3 venture funding from undisclosed investors on August 30, 2022. The company is a producer of refreshment beverage products intended to boost skincare and promote vitality.

Cure: The company raised $3 million of venture funding from Eastward Capital Partners, Litani Ventures and other undisclosed investors on August 30, 2022. The company is a producer of hydration powder products.

Delicious Data: The company raised EUR 2.5 million of Series A venture funding from Bayern Kapital, GeMü Beteiligungs GmbH and Basinghall Partners on September 5, 2022. The company is a developer of a data forecasting platform designed to provide demand forecasting and reduce food wastage.

Alberts: The company raised EUR 2.5 million of venture funding from undisclosed investors on September 5, 2022, putting the company’s pre-money valuation at EUR 9.8 million. The company is a developer of a smoothie vending machine designed to make healthy food accessible to anyone, anywhere, at any time.

Cultivated Biosciences: The company raised $1.5 million of venture funding in a deal led by Wingman Ventures on September 6, 2022. The company is a producer of yeast-based food ingredients intended to make plant-based dairy products creamier.

Royal Caridea: The company raised Series B venture funding in a deal led by Jamie Stein on September 8, 2022, putting the company’s pre-money valuation at $8.5 million. The company is a developer of a shrimp farming technology.

Ozers: The company raised venture funding from ProVeg International, Animoca Brands and La French Tech on September 9, 2022. The company is an operator of a plant-based sports nutrition brand.

Barnana: The company raised convertible debt financing from undisclosed investors on September 6, 2022. The company is a producer of banana-based organic snacks.

Doré: The company raised an undisclosed amount of venture funding from Dream Ventures in September 2022. The company is a developer of skincare products.

S+dB: The company raised an undisclosed amount of venture funding from Brightlands Venture Partners in approximately September 2022. The company is a producer of plant seeds intended to improve seed germination, seedling establishment, seed handling and sowing.

Sensegrass: The company raised an undisclosed amount of venture funding from 11 Tribes Ventures in September 2022. The company is a developer of a soil intelligence system designed for fertilizer management.

Yo-Kai Express: The company raised an undisclosed amount of Series A venture funding from Chikaranomoto Holdings and Japan Tobacco on September 2, 2022. The company is an operator of an autonomous restaurant platform intended to serve gourmet food to customers.

M&A Transactions

Teamcore / Accel-KKR: Accel-KKR has made a buyout investment in Miami- and Chile-based Teamcore. Teamcore’s retail execution software helps retailers and CPGs gain insights into in-store activities of their products, while seeking to reduce lost sales due to out-of-stock issues, mispriced goods, poor promotional compliance, incorrect shelf placement, or phantom inventory.

Water Lilies Foods / Blue Point Capital: Blue Point Capital Partners acquired Water Lilies Food for an undisclosed amount. The company is a manufacturer and distributor of premium frozen Asian-inspired cuisine for major retail private label and foodservice clients nationwide.

Westrock Coffee Company / Riverview Acquisition: The company acquired Riverview Acquisition, through a reverse merger for $1.086 billion, resulting in the combined entity trading on the Nasdaq stock exchange under the ticker symbol WEST on August 29, 2022. Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the US.

Beaver Street Fisheries / Captain Fresh: The company reached a definitive agreement to be acquired by Captain Fresh for $600 million on August 31, 2022. The company is a distributor of frozen seafood products.

DET Distributing / Reyes Beer Division: The company reached a definitive agreement to be acquired by Reyes Beer Division, a subsidiary of Reyes Holdings, for $400 million on September 7, 2022. The company is a distributor of alcoholic beverages based in Nashville, Tennessee.

Stone Brewing / Sapporo Holdings: The company was acquired by Sapporo Holdings for $165 million on August 31, 2022. The company is an operator of a craft brewery based in Escondido, California.

The Spice Tailor / Premier Foods: The company was acquired by Premier Foods for GBP 72 million on August 31, 2022. The company is a producer of Indian and South East Asian meal kits based in London, England.

Lizza / S-Ventures: The company, a subsidiary of Cremer was acquired by S-Ventures for GBP 2 million on September 1, 2022. The company is a provider of low-carbohydrate pizzas intended to provide vegan and gluten-free food products.

Agvnt / Summit Nutrients: The company was acquired by Summit Nutrients for an undisclosed amount on September 8, 2022. The company is a provider of liquid fertilizers and nano-technologies intended to improve crop production and yield.

Beavertown Brewery / Heineken: The company was acquired by Heineken for an undisclosed amount on September 7, 2022. The company is a producer and distributor of beer.

Bilberry / Trimble: The company reached a definitive agreement to be acquired by Trimble for an undisclosed amount on August 30, 2022. The company is a developer of agriculture systems intended to reduce the doses of pesticides used in field crops.

Duplaco / Aliga Microalgae: The company was acquired by Aliga Microalgae for an undisclosed amount on August 30, 2022. The company is a producer of fresh liquid microalgae products intended to assist in healthy consumption for humans and animals.

Gathered Foods / Wicked Healthy: The Good Catch brand’s North American operations of Gathered Foods was acquired by Wicked Healthy for an undisclosed amount on September 8, 2022. The company is a producer of plant-based seafood intended to provide an alternative to seafood and other animal-based proteins.

Health Stores / Hunt’s Food Group: The company was acquired by Hunt’s Food Group for an undisclosed amount on September 1, 2022. The company is a distributor of natural and organic food and personal care products serving customers in the United Kingdom, Ireland, Europe, and Asia.

Imperfect Foods / Misfits Market: The company reached a definitive agreement to be acquired by Misfits Market for an undisclosed amount on September 7, 2022. The company is a provider of online grocery and food products delivery services intended to reduce food waste and build a sustainable food system.

Kraft Heinz / Kerry Group: Kerry Group reached a definitive agreement to acquire the B2B powdered cheese business of Kraft Heinz Company (Nasdaq: KHC) for an undisclosed amount on August 30, 2022. The company is a producer of cheese based in Albany, Minnesota.

Nutrilife / Danstar Ferment: BASF entered into a definite agreement to sell its Baking Enzymes Business to Danstar Ferment for an undisclosed amount on August 31, 2022. The company is an operator of a baking enzyme business intended to provide enzyme products and solutions for the food & beverage industry.

Pour De Bon / Dynamic Parcel Distribution: The company was acquired by Dynamic Parcel Distribution, a subsidiary of Speedy EAD Sofia from Webedia for an undisclosed amount on September 6, 2022. The company is an operator of an eCommerce marketplace platform intended to serve fresh food products.

Rosie / Instacart: The company was acquired by Instacart for an undisclosed amount on September 7, 2022. The company is an operator of an online grocery shopping platform designed to help grocers sell online with delivery and pickup.

Vinatis / Groupe Castel: The company reached a definitive agreement to be acquired by Groupe Castel for an undisclosed amount as of September 8, 2022. The company is a supplier of wines and champagnes intended to serve customers across France.

Wessex Mill / Doves Farm Foods: The company has been acquired by Doves Farm Foods for an undisclosed amount on September 2, 2022. The company is a producer of flour from locally sourced grain intended to serve customers across the UK.