The Consumer Roundup #14
The Consumer Roundup #14
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Hey Friends,
If you’re in LA, I’m co-hosting a coffee meetup on April 26th from 8-10am at Menotti’s Coffee Shop in Venice for consumer founders and investors
Now on to our fundraising updates –
Consumer Software
Recuro Health, the virtual home care company, raises a $47 million Series B from ARCH Venture Partners, the Flippen Group, GPG Ventures, 4D Capital - Mobi Health News
HUG, the social marketplace that connects NFT creators and collectors, raises a $5 million seed round led by DIGITAL and also includes L'Oréal's BOLD corporate venture fund, Venrex, Jae Holdings, Cryptology, Samara, and Aa Sons - PR Newswire
Consumer Products, CPG & Hardware
Ghost Tequila, the liquor brand, raises $9 million from The Raptor Group - NBC Boston
Kintra Fibers, the materials science company that has developed biodegradable polyester serving the apparel industry, raises $8 million Series A led by H&M Group and also includes Bestseller’s Invest FWD, Fashion for Good, New York Ventures, TRE Ventures, Tech Council Ventures, FAB Ventures - FinSMEs
Companion, the AI-powered dog companion playmate, raises $6 million from Lerer Hippeau, Digitalis Ventures - Investors Observer
Youthforia, the brand that sells makeup you can sleep in, raises their seed round led by True Beauty Ventures and also includes Willow Growth and Mark Cuban - Beauty Independent
Cano Water, the British canned water company, raises multi-million pound round from investors, including Ricky Gervais - Al Circle
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M&A
Walmart is selling Bonobos to WHP Global and retailer Express Inc. for a total of $75 million. WHP Global is buying the Bonobos brand for $50 million and Express Inc. (which WHP Global owns 60% of) will acquire Bonobos’ operating assets and liabilities for $25 million. Walmart acquired the brand 6 years ago for $310 million - CNN
Colavita acquires O Olive Oil & Vinegar from Curation Foods - PR Newswire
Famille C Participations acquires controlling stake in Pai Skincare - Beauty Packaging
Funds Raising Funds
Kite, a commerce company that invests, acquires and operates high-potential, digital-first consumer product brands founded by former GoFundMe’s CEO Rob Solomon, raises $200 million from Juxtapose and Blackstone - TechCrunch
Kristina Simmons launches Overwater Ventures, a $20 million fund that invests in breakthrough technologies that better the health of people and the planet - Forbes
Reach Capital, a firm that invests in edtech, raises new $215 million fund - TechCrunch
Sports
Dan and Tanya Snyder reach a non-exclusive deal to sell NFL team Washington Commanders to Josh Harris - ESPN