Top 10 Food Products and Beverages Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the Food Products and Beverages sector this 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.
PIPE
- Lamb Weston Holdings, second-largest producer of branded and private-label frozen potato products, both by volume and value, JANA Partners acquired a 5% stake in the company.
Merger/Acquisition and Corporate
- AnimalKind,retailer of plant-based pet food products based in Richmond, Canada, acquired by Modern Plant Based Foods.
- Caesars Tea,producer of teas and sweeteners based in Montreal, Canada, acquired by Crosby Foods
- Icing on the Cupcake, operator of a chain of bakery stores located in California, acquired by Mr. Linoy Nesher and Mr. Yaniv Rosenberg.
Later Stage VC
- Nara Organics,producer of an organic, grass-fed whole milk intended to deliver the nutrients infants need, raised $18.9 million through a combination of Series A and Series A-1 venture funding in a deal led by Torch Capital, AlleyCorp and Platinum Mile Ventures.
Early Stage VC
- Best Day Brewing,producer of non-alcoholic beverage products intended to offer great craft beer, raised $12.5 million of Series B venture funding.
- BelliWelli,Producer of gut-friendly food products intended to enhance consumer awareness of irritable bowel syndrome, raised $10 million of Series B venture funding from Invus Opportunities.
- Final Boss Sour,producer of sour snack boxes intended to create sour candy treats using real fruit, raised $3 million of seed funding in a deal led by Science.
- Struesli,Operator of a granola brand intended to redefine healthy snacking, raised $2.75 million of seed funding.
- YouChews,operator of gourmet coffee online retail product platform intended to provide a convenient source of natural caffeine and cognitive support, raised $1.31 million of seed funding.
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Julio Zamora
Managing Director
Over 25 years of experience in capital markets and asset management, working for global banks and boutique firms, managing portfolios, allocating assets, analyzing companies, and as a CFO. II ranked equity analyst at Morgan Stanley and UBS. Led the investment team at the Torrey Funds. Director of Mexico Research and Latin America Equity Strategist at Citibank Research. B.S. in Economics from Anahuac University. MIA in International Finance from Columbia University's School of International and Public Affairs, where he was a Fulbright scholar. FINRA Series 7 and 66 licenses.
- Email: jzamora@castleplacement.com
- (C) (917) 331-0159
 Julio ZamoraManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jzamora@castleplacement.com
(C) (917) 331-0159
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.
