FoodTech Capital Raises in the U.S. – November 1st-15th, 2024
Several interesting transactions closed in the FoodTech sector over the past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- EatMise, developer of restaurant delivery platform intended to simplify the cooking experience of home cooks to create restaurant-quality meals at home, was acquired by WECO.
- Grab, operator of a self-service platform intended to help airport travelers order food on the go, was acquired by Graymatter Software Services, a subsidiary of Reply.
- OvaInnovations, producer of egg protein products intended for the pet food, livestock, and consumer goods sectors, was acquired by VEOS Group.
Later Stage VC
- Hazel Technologies, developer of agricultural and postharvest technologies designed to mitigate agricultural waste and improve the efficiency of the fresh produce supply chain, raised $8.16 million in venture funding.
- Mr Bing Foods, producer of sauces and condiments intended to offer traditional northern Chinese street crepes, raised a venture funding from Branded Hospitality.
- Premium Peanut, operator of a peanut shelling facility intended to produce quality peanut products for customers through operational innovation, raised $3.9 million in venture funding.
- Shiru, provider of artificial intelligence-powered protein discovery and development services intended to create novel ingredients for food and consumer products, raised $16 million through a combination of Series B-1 and B-2 venture funding in a deal led by S2G Ventures.
- VidaFuel, producer of clinical nutrition products and convenience foods intended to improve the nutritional status and health outcomes of at-risk populations, raised $3.40 million in venture funding.
- Wonder, operator of a cloud kitchen platform intended to provide high-profile chef recipes, raised $950 million in Series C venture funding from GV, American Express Ventures and Alpine Group.
#castleplacement #capitalraising #privateequity #venturecapital #investment # FoodTech
Douglas Jendras
Managing Director
Finance and operations executive with broad experience in private and public companies, including emerging ventures. 20 years in telecommunications industry including leadership role positioning restructured company for multi-billion dollar transaction, negotiating agreements, and overseeing due-diligence for merger and acquisition opportunities. 10 years managing investments in real estate and technology while consulting companies in telecommunications, technology, real estate, healthcare, construction and intellectual property. MBA in Finance from Pace University and BA in Psychology from State University of New York at Albany. FINRA Series 7, 63, 79 licenses.
- Email: djendras@castleplacement.com
- (C) (203) 501-7667
 Douglas JendrasManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: djendras@castleplacement.com
(C) (203) 501-7667
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
