Consumer Private Placement and M&A Transactions Review Week Ending September 21, 2025

Slate Milk: The company raised $23 million of Series B venture funding in a deal led by Foundership on September 18, 2025. Tonic Ventures, Wilder Capital, 4th & 1 Ventures, Morrison Seger and other undisclosed investors also participated in the round. The company is a producer of lactose-free, high-protein milk beverages.

Tractor Beverage: The company raised $22.7 million of venture funding from 165 Global and other undisclosed investors on September 16, 2025. The company is a producer of organic, non-GMO juice beverages for the foodservice industry.

Alice Mushrooms: The company raised $8 million of Series A venture funding in a deal led by NewBound Venture Capital on September 18, 2025. Unilever Ventures, Air Venture Partners, Starshot Ventures, and DJ Tiësto also participated in the round. The company is a producer of functional mushroom chocolate products.

Les Nouvelles Fermes: The company raised EUR 5 million of Series A venture funding from MAIF Impact and Starquest Capital on September 17, 2025. The company is an operator of urban aquaponic farms intended for sustainable food production.

Pats: The company raised EUR 2.7 million of venture funding from Delft Enterprises, Division Q and Percival Participations on September 16, 2025. The company is a developer of small autonomous indoor drones designed to eliminate flying insects from greenhouses.

Time-Travelling Milkman: The company raised EUR 2 million of venture funding in a deal led by Sparkalis and Evercurious VC on September 18, 2025. Oost NL also participated in the round. The company is a producer of plant-based fat ingredients intended to create sustainable dairy alternatives.

Messium: The company is in the process of raising Series A venture funding on September 16, 2025. The company is a provider of hyperspectral satellite data services designed to provide actionable nitrogen analysis for wheat farming.

Waku Tea: The company raised an undisclosed amount of venture funding from Beckett Industries on September 15, 2025. The company is a producer of prebiotic tea products intended to promote gut health.

Arps Dairy / Barfresh Food Group: The company reached a definitive agreement to be acquired by Barfresh Food Group for approximately $1.6 million on September 15, 2025. The company is a producer of milk, cream, and cultured dairy products, based in Defiance, Ohio.

7 Brew Coffee / Franchise Equity Partners: The company was acquired by Franchise Equity Partners through an LBO on September 16, 2025 for an undisclosed amount. The company is an operator of drive-through coffee shops based in Springdale, Arkansas.

Festival Foods / Schnucks: The company reached a definitive agreement to be acquired by Schnucks for an undisclosed amount on September 16, 2025. The company is a retailer of food and grocery products headquartered in De Pere, Wisconsin.

Open Range Beef / American Farmers Network: The company was acquired by American Farmers Network for an undisclosed amount on September 16, 2025. The company is an operator of a beef processor business specializing in USDA organic and grass-fed beef.

Allgäu Fresh Foods / Hans Kupfer Holding: The company was acquired by Hans Kupfer for an undisclosed amount on September 17, 2025. The company is a producer of meat, sausage, and delicatessen products based in Kempten, Germany.

Bio & Co / Marcel & Fils: The company, a subsidiary of InVivo, entered into a definitive agreement to be acquired by Marcel & Fils, via its financial sponsors Sofipaca Capital Investissement, SWEN Capital Partners, and Weinberg Capital Partners, through an LBO on September 17, 2025 for an undisclosed amount. The company is a retailer of organic food and beverages, fresh produce, and health and beauty products.

SlimFast / Heartland Food Products Group: The company, a subsidiary of Glanbia, was acquired by Heartland Food Products Group for an undisclosed amount on September 17, 2025. The company is a producer of of weight management and health and wellness products, including meal replacement shakes, bars, and snacks.

Sweets from the Earth / Fengate Asset Management: The company was acquired by Fengate Asset Management through an LBO on September 17, 2025 for an undisclosed amount. The company is an operator of a vegan bakery that produces cakes, cookies, and muffins.

Whiny Baby / E. & J. Gallo Winery: The company was acquired by E. & J. Gallo Winery, a subsidiary of Gallo Family Vineyards, for an undisclosed amount on September 17, 2025. The company is an operator of a wine business focused on the Gen Z and Millenial consumer segments.

Clos LaChance Wines / CordeValle Winery: The company was acquired by CordeValle Winery for an undisclosed amount on September 18, 2025. The company is a producer and retailer of Bordeaux and Rhône wine varietals, based in San Martin, California.

Louisville Vegan Jerky / Louisville Brands: The company was acquired by Louisville Brands for an undisclosed amount on September 18, 2025. The company is a producer of vegan, plant-based, jerky protein snacks.

KVD Vegan Beauty / Windsong Global: The company, a subsidiary of Kendo Brands, was acquired by Windsong Global through an LBO on September 19, 2025 for an undisclosed amount. The company is a manufacturer and provider of vegan and cruelty-free beauty products created for women.