Top 10 Manufacturing Capital Raises in the U.S. – November 16th-30th, 2024
Several interesting transactions closed in the Manufacturing Capital sector over the past two 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
- Griffin Gear, manufacturer of heavy-duty replacement gearboxes based in Roebuck, South Carolina, received a development capital from Mangrove Equity Partners.
- Redstone Food Consultants, producer of bakery products intended to serve frozen goods for the retail and food service sectors, received a development capital from Clairvest Group.
Merger/Acquisition
- Cruz Blanca Brewery, producer of craft beers intended to capture Mexico’s vibrant spirit and flavors, acquired by Molson Coors Beverage Company.
- Forza X1, develops and manufactures fully electric, affordable boats with mass appeal, acquired by Twin Vee Powercats.
Later Stage VC
- EarthOptics, developer of global soil cloud platform designed for sustainable agricultural management, raised $54.98 million through a combination of debt and venture funding in a deal led by Conti Ventures and The Production Board.
- Four Growers, developer of a robotic harvesting technology designed to provide healthy, affordable, local produce, raised $9 million through a combination of Series A-1 and Series A-2 venture funding in a deal led by Bassett Capital.
Early Stage VC
- Keychain, developer of an AI-based consumer packaged goods manufacturing platform designed to help brands find manufacturing partners, raised $15 million of Series A venture funding in a deal led by BoxGrou.
- Arcade, developer of an interactive demo platform designed to market brands, raised $14 million of Series A venture funding in a deal led by Kleiner Perkins.
Accelerator/Incubator
- Allumin8, developer of a porous Therapeutic Hardware designed to facilitate diagnosis and healing directly at the surgical site, joined Arch Grants as a part of its 2024 cohort and received and funding in the form of grant.
- Evercloak, developer of ultra-thin graphene and 2D nanomaterial films designed for cleantech applications, joined Wells Fargo Innovation Incubator as part of its 14th cohort and received $250,000 in grant funding.
#castleplacement #capitalraising #privateequity #venturecapital #investment #manufacturing
Rebecca Lacy
Managing Director
More than 30 years positioning companies for growth. She began her career as a retail business owner then transitioned to McDonnell Douglas/Boeing where she worked to help small businesses gain significant market share. This included advocating at the federal level for legislation to facilitate competition for small businesses. Helped businesses secure non-traditional funding through grants, as well IP and equipment donations. Served in a board or advisory capacity for several economic development organizations. Transitioned to business ownership where she and her team created diagnostic tools and training that helped companies function with greater efficiency and flexibility. Domestic and international clients ranged from start-ups to multi-national corporations from a broad array of industries, government agencies and not-for-profits. B.A. in Public Administration, MBA from Western International University. FINRA Series 7 and 63 licenses.
- Email: rlacy@castleplacement.com
- (C) (573) 880-2974
 Rebecca LacyManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: rlacy@castleplacement.com
C: (212) 418-1181 | C: (573) 880-2974
Send us a message:
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.
