Strategy | Financing Highlight
Private Placement / Financing TransactionsGotham Greens: The company raised $310 million of Series E venture funding in a deal led by Ares Management and BMO Capital Markets on September 12, 2022. The Silverman Group, Manna Tree Partners, Commonfund, The RockCreek Group and Kimco Realty also participated in the round. The company is a producer of greenhouse-grown vegetables and herbs intended to provide a year-round, local supply of pesticide-free produce.

Boragen: The company raised $23.5 million of venture funding from undisclosed investors on September 12, 2022. The company is an operator of a novel synthetic chemistry platform intended to produce next-generation fungicides.

Botrista: The company raised $20.6 million of venture funding from undisclosed investors on September 14, 2022. The company is a provider of a robotic barista automation solution intended to make craft beverages more accessible and affordable.

Rootine: The company raised $10.0 million of Series A venture funding in a deal led by Relevance Ventures on September 13, 2022, putting the company’s pre-money valuation at $30 million. DSM Venturing, Techstars and other undisclosed investors also participated in the round. The company is a producer of customized, data-based supplement mix designed to offer a daily regimen of nutritional supplements.

Mozza Foods: The company raised $9.4 million of venture funding from Lever VC, Stray Dog Capital and Social Impact Capital on September 15, 2022. The company is a producer of plant-based cheese intended to have the same amount of proteins that are found in cow’s milk.

Momentous: The company raised $6.5 million of venture funding in a deal led by DSM Venturing on September 15, 2022. Rob Dyrdek, Luke Kuechly, Jrue Holiday, Al Horford, Kyle Rudolph, Ndamukong Suh, Geraint Thomas, Cam Wurf and Desiree Linden also participated in the round. The company is a producer of nutrition supplements intended to improve athletic performance.

Rival Foods: The company raised EUR 6 million of Series A venture funding in a deal led by PeakBridge Partners on September 14, 2022. Roquette Ventures also participated in the round. The company is a producer of plant-based meat substitutes intended to create vegetarian or vegan menu options that are comparable to meat in experience and taste.

eFarmz: The company raised EUR 3.0 million of venture funding from undisclosed investors on September 12, 2022, putting the company’s pre-money valuation at EUR 8.0 million. The company is an operator of an e-commerce marketplace intended for selling organic and artisanal products.

Gastrograph AI: The company raised $2 million of venture funding from undisclosed investors on September 15, 2022. The company is a developer of sensory analytics software intended to help food producers understand consumer needs.

Bitsy’s: The company raised $1.3 million of venture funding from Fearless Fund on September 12, 2022. The company is a producer and retailer of food products intended to offer a variety of snacks to the family.

Yerbaé: The company raised venture funding from undisclosed investors on September 15, 2022. The company is a producer of a plant-based functional beverage made with yerba mate & white tea.

Hotel Tango: The company raised venture funding from undisclosed investors on September 13, 2022. The company is an operator of a craft distillery intended to produce and sell craft whiskey.


M&A TransactionsChevoo / Fromagerie Belle Chevre: The company was acquired by Fromagerie Belle Chevre for an undisclosed amount on September 12, 2022. The company is a producer of goat cheese products intended to offer a combination of hand-blended cheese products to customers.

Filtec / Undisclosed Investor: The company was acquired for an undisclosed amount on September 12, 2022. The company is a manufacturer of food, beverage and pharma inspection systems intended to serve the production industry.

Northampton Growers Produce Sales / Wyco Produce: The company was acquired by Wyco Produce for an undisclosed amount on September 15, 2022. The company is a producer of fruits and vegetables based in Cheriton, Virginia.

Rutabago / Les Commis: The company was acquired by Les Commis for an undisclosed amount on September 13, 2022. The company is an operator of an online meal box platform.

Wellution / SciSparc: The company reached a definitive agreement to be acquired by SciSparc for an undisclosed amount on September 14, 2022. The company is a manufacturer of hemp-based food supplements and cosmetics based in the United States.

Western Beverage / Wil Fischer Companies: The company, a subsidiary of Anheuser-Busch InBev was acquired by Wil Fischer Companies for an undisclosed amount on September 16, 2022. The company is a distributor of beverages based in Eugene, Oregon.


Source: Pitchbook Data, Inc.

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