The Consumer Roundup #43
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Hey Friends,
I hope you all had a great week. Last Thursday I went to Retention.com’s Retox Retreat and had a blast seeing people IRL that I had only DM’d with on Twitter and meeting many more new faces. Thank you FounderMade & Christina Chao for the invite.
And shout to Nate Rosen for getting me in at the Founder’s Dinner last night. I had a great time seeing friends and meeting new ones. Check out his newsletter Express Checkout about the wonderful world of CPG if you have a chance. It’s awesome.
Coming up
📆 🥂 Beverage Webinar – I’ll be moderating a webinar with Manufactured on November 28th from 12-1pm PST where we focus on how to scale beverage brands from an operations perspective in today’s market. We’re excited to feature Emily Heintz, Founder of Séchey; Trey Lockerbie, Co-Founder of Better Booch; and Sallie Jian, Director, Head of Ventures North America at Diageo.
Click Here to RSVP
Manufactured helps brands with inventory financing and optimizing their COGs. If you’re a growing brand and happen to be looking for financing as your expand, feel free to reach out to me.
On to the update –
Consumer Brands / Inventory-Based Products
OrsoBio, a biotech company that is creating drugs treating obesity, raised $60 million in a Series A round co-led by Longitude Capital and Enavate Sciences - Bio Pharma Dive
PROVEN Skincare, the personalized skincare brand that uses AI to identify the optimal ingredients for customers’ unique skin, launched the All-In-One Personalized Serum - Business Wire
Wishcare, the Indian personal care brand, raised ~$2.5 million from Unilever Ventures - Business of Fashion
Darcey Macken (Long time ex-Kellog executive) and Imane Anys (Better known as Pokimane, who is the 10th most followed streamer on Twitch) launch a better-for-you snack brand called Myna Snacks and debuts with Midnight Mini Cookies - Food Dive
Consumer Software
Noice, a gaming platform that brings together live streaming and multiplayer games and enables viewers to be part of the game experience, raised $21 million - Venturebeat
Forum, a marketplace that connects people with peer support groups, raised $5.3 million seed round led by NextView Ventures with participation from MBX Capital, Cue Ball Capital, Sahil Bloom of SRB Ventures, Romeen Sheth, Shaan Puri and City Light Capital - FinSMS
Era, an AI-wealth tech company that offers financial advice based on your portfolio, raised $3.1 million led by Northzone, with participation from Protagonist and Designer Fund - FinTech Global
Heali, the app that gives personalized nutrition recommendations, raised $3 million in seed funding led by Astanor Ventures - TechCrunch
eCommerce & Retail Infrastructure
Davinci, the micro fulfillment as a service company, raised $3 million seed round co-led by Las Olas Venture Capital, Venture 53 Fund and Accelerator, and Silicon Road Ventures - Rochester First
Mergers & Acquisitions
PVH, the clothing company best known for its brands Tommy Hilfiger and Calvin Klein, sells Warners, Olga and True & Co. for $160 million in cash to Basic Resources - WWD
Hanesbrands is starting the process to sell Champion. Interested suitors include G-III Apparel Group Inc., WHP Global, Marquee Brands and Authentic Brands Group - WWD