Funding Acquisition and Finance News
La Vie Raises €25M, Reports €19M in Revenue – Vegconomist
French plant-based pork and deli brand La Vie has secured €25 million in a new funding round, taking the total amount it has raised over the past three years to €50 million.
Lucky Energy raises $11.75M in Oversubscribed Series A Funding Round – FoodBev Media
US energy drink company Lucky Energy has closed an oversubscribed $11.75m Series A funding round led by Brand Foundry Ventures.
Meatable Preps for Series C Funding Round – Food Dive
Meatable is inviting a group of global leaders, including meat industry representatives, scientists, investors, and policymakers to an invite-only Series C fundraising in early 2025.
UOBO Secures Six-digit Funding – Vegconomist
Barcelona’s UOBO, a food tech startup on a mission to revolutionize food manufacturing with alternatives to eggs, has raised €500,000 in a seed funding round led by Enzo Ventures.
Original Juice Company, SPC, and Nature One Dairy Merge to Form New Business – Just Food
Australia’s The Original Juice Company (OJC), SPC Global, and powdered milk business Nature One Dairy are set to merge and create a new company.
Butterfly Equity to Acquire The Duckhorn Portfolio for $1.95bn – FoodBev Media
Butterfly Equity, a private equity firm focused on the food and beverage sector, has announced a definitive agreement to acquire The Duckhorn Portfolio, a luxury wine producer, in an all-cash transaction valued at approximately $1.95 billion.
Prairie Farms Dairy Acquires Ohio-based Dairy Firm SmithFoods – FoodBev Media
Illinois, US-based dairy company Prairie Farms Dairy has acquired SmithFoods for an undisclosed sum.
Simulate Announces Acquisition by Ahimsa Companies – Vegconomist
Simulate, the company best known for producing plant-based nugget brand NUGGS, has announced an acquisition by plant-based investor Ahimsa Companies.
Nutkao Hazelnut Spreads Acquired by Moroccan Royal Family-linked Teralys – Just Food
Nutkao, the chocolate and hazelnut spreads business, has indirectly come under the ownership of the Moroccan royal family. Teralys, the agri-industrial unit of Al Mada Holding, has acquired Piedmont, Italy-based Nutkao for an undisclosed sum.
Kellanova Injects £75M Into British Cereal Production – FoodBev Media
Kellanova has announced plans to invest £75 million in its cereal factory in Wrexham, North Wales.