Top 10 Food Products and Beverages Capital Raises in the U.S. – October 1st-15th, 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.
PE Growth/Expansion
- The Jackfruit Company, producer and distributor of fruit-based products, received $5 million of development capital from Creadev, InvestEco Capital and Grosvenor Investment Management.
- Tulkoff Food Products, producer of condiments, sauces, and ingredients, received development capital from Graham Partners.
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Lewis Bakeries, producer of bakery products intended to provide fat-free reduced-calorie bread for healthy life, received development capital from One Rock Capital Partners.
Merger/Acquisition and Corporate
- The Alinea Group, operator of a restaurant based in Chicago, Illinois, was acquired by Mr. Jason Weingarten.
- Jones Meat & Locker, retailer and wholesaler of meat based in Jacksonville, Illinois, was acquired by Mr. Bob Stanton & Mr. Derrick Clevenger.
Later Stage VC
- Cerebelly, producer of baby food intended to promote healthy brain development in children, raised $10.62 million through a combination of Series B-1 and Series B-2 venture funding, putting the company’s pre-money valuation at $39.38 million.
Early Stage VC
- Sunnie, producer of pre-packaged snacks intended to provide child nutrition and encourage good health, good living, and a positive environmental impact, raised $1 million of venture funding from SWAT Equity Partners and Fulcrum Collective.
Angel, Seed, and Grant
- GoodSam, operator of a chocolate brand intended to manufacture cocoa products from regenerative farming practices, raised $6.48 million of seed funding.
- Familia Kitchen, provider of online food recipes intended to collect, curate, and celebrate Latinx culinary heritage, raised $50,000 of angel funding.
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Cupcakin’ Bake Shop, operator of an online bakery shop, raised $150,000 of angel funding.
#castleplacement #capitalraising #privateequity #venturecapital #investment #FoodProducts #Beverages
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.
