The Consumer Roundup #47
Welcome to The Consumer VC, a newsletter about venture capital and consumer. If you aren’t subscribed, come and subscribe below.
I hope you had a great weekend. Thank you to everyone who came out to our beverage webinar last week! I got some great feedback on it – I’m glad it was valuable.
📆 Next week on Wednesday, December 13th at 1pm EST / 10am PST moderating another webinar. This time we will focus on how to optimize your inventory and manage cash flows as you scale your brand. Our panelists include Pranay Srinivasan, CEO of Manufactured; and Ronak Trivedi, CEO of Pietra.
This webinar is produced by Manufactured. Manufactured helps brands with inventory financing and optimizing their COGs. If you’re a growing brand and looking for inventory financing as your expand, feel free to reach out to me.
🥂 Manufactured is also co-hosting an intimate Holiday Hang in Los Angeles with Tydo this Thursday, December 7th. We’re hosting ~40 consumer brand founders / CEOs that have achieved $5 million+ in revenue annually. We have a couple of extra spots. If you’re in LA and founded a brand with this criteria, feel free to Apply Here. It should be a fun evening.
On to the fundraising update –
Ripple Foods, the pea milk producer that sells vegan ice cream, plant-based milk, kids’ milk, protein shakes, and dairy-free half and half, raised $49 million - Vegconomist
Again Bio, a Danish food bio-tech company that created bacteria that feeds on climate pollution and hydrogen to produce vinegar, raised a $10 million seed round from ACME Capital, GV and Atlantic Labs - TechCrunch
Joseph Duclos, the French luxury brand that produces leather goods, jewelry and fragrances, raised $7.5 million - WWD
Biofluff, which is creating plant-based fur alternative for apparel, raised a $2.5 million seed round led by Astanor Ventures - WWD
Lassie, a Swedish pet health and pet insurance app, raised $24.9 million Series B led by Balderton Capital with participation from Felix Capital, Inventure, Passion Capital and Philian - TechCrunch
Scapia, the India-based travel-focused fintech and credit card company, raised $23 million in its Series-A funding round, co-led by Elevation Capital and 3STATE Ventures with participation from Matrix Partners India and Tanglin Venture Partners - Technode Global
Hurr, the community-led peer-to-peer apparel rental marketplace, raised $12.6 million led by Praetura Ventures with participation from Octopus Ventures, Ascension and D4 Ventures - WWD
Vimcal, the calendar app that lets you create meetings with sentences, raised a $4.5 million seed round from Altos Ventures - TechCrunch
Picklebet, the Australian sports and esports betting platform, raised $9.8 million led by Discerning Capital, with participation from Drive by DraftKings and Manifest Investment - Esports Insider
Hang Media, which creates interactive livestream for sporting events geared towards Gen-Z, has raised a $9.2 million Series A round led by The Operating Group with participation from Clara Vista Investment Partners, Ratner Ventures, Brown Angel Group and private investor Anthony Baranello - Sports Business Journal
Layla, the Berlin-based social media platform that intertwines short-form video content and using AI as a travel planner, raised $3.2 million from Firstminute Capital, M13, Andy Phillips, Bary Smith, and Paris Hilton - Tech.eu
AnotherBall, the creator of IZUMO – a platform that aims to empower creators worldwide to connect with fans and monetize their content, raised a $12.7 million seed round led by ANRI and Hashed, with participation from Global Brain, Globis Capital Partners, Sfermion, HashKey Capital, Everyrealm, Ethereal Ventures, Emoote, and Crunchyroll founder Kun Gao - PR Newswire
Pika Labs, the AI-startup that can create videos from text and still images, raised $55 million led by Lightspeed Venture Partners with participation from Homebrew, Conviction Capital, SV Angel, Ben’s Bites and Adam D’Angelo, Nat Friedman and Alex Chung - TechCrunch
eCommerce Infrastructure / Retail Tech
Birdseye, the Toronto-based AI platform that helps retailers hyper-personalize their marketing campaigns, raised $3 million seed round from Drive Capital - Beta Kit
Prelude, the supply chain company for the cannabis industry that uses AI to reduce out of stocks and overstocks at cannabis dispensaries, raised a $5.2 million seed round led by Rackhouse Ventures with participation from Casa Verde - PR Newswire
Pharmavite – the nutrition company whose brands include Nature Made, MegaFood, Nurish, Equelle, Equelle, and Uqora – acquired Bonafide Health for $425 million - FemTech Insider
EagleTree Capital acquired Summit Hill Foods. Summit Hill Foods brands include Better Than Bouillon, Better Than Gravy and The Original Louisiana Hot Sauce. Terms were not disclosed - Food Business News
Atomo, the climate-focused beanless coffee company that instead uses dates and sunflower seeds instead of coffee beans, raised an undisclosed amount from Suntory Holdings Ltd. - Bloomberg