The Consumer Roundup #55
If you were in LA and came out to the meetup on Wednesday in Venice – I hope you had a good time! We’re going to be planning another one either March 1st or March 8th, and maybe something in NYC 👀.
📢 Webinar: Funding Your Brand's Ascent: Equity and Debt Strategies for Sustainable Growth
📆 February 8th at 2-3pm EST
I’m pleased to be moderating this panel about when to utilize equity vs. debt in order to finance growth for your brand. I’m joined by Anthony Rosen, CFO at Propeller Industries and Sumeet Shah from VHS Ventures.
☕️ Wake Up! CPG - Austin, TX
📆 February 22nd 8:30am-10:30am CST
If you’re in Austin – Marc Nathan throws an awesome monthly CPG meetup. I haven’t been, but the guy might be the OG of CPG coffee meetups. He’s been doing it for years and I’ve heard from quite a few folks it’s a great time…I even heard that some people drive up from San Antonio just to go.
This issue is brought to you by Propeller Industries.
Propeller Industries is the leading strategic finance and accounting partner for venture-stage companies. Thinking about profitability, extending your runway, and improving efficiency in your operations? Managing your company’s finances requires multiple skill sets. Propeller’s fractional model offers a dynamic solution that provides a cost-effective alternative to hiring full-time finance talent.
Now on to the latest fundraising news in the world of consumer –
Deals & Debuts
🛍️Consumer Brands / Inventory-Based Businesses🛍️
Newme, the Indian fast-fashion e-commerce startup that has been dubbed the “Shein for India”, is in talks to raise $15-20 million from Accel. The post money valuation of the deal would be $83-85 million - TechCrunch
Minu, the skincare brand that stands for minerals in the nude, debuted at Credo Beauty nationwide and on their website with its first product – Brightening Sunscreen Minerals Broad Spectrum SPF 30 Gel-Cream - PR Newswire
Flutter Entertainment, the parent company of sports betting platform FanDuel, lists on the New York Stock Exachange. It’s stock ticker is FLUT - CNBC
Wondercraft, the London-based AI audio content company that helps content creators and creatives add professional audio to their content, raised a $3 million seed round led by Will Ventures - FinSMEs
Tom Brady is merging his nutrition and apparel brands TB12 and Brady with Mike Repole’s Nobull. Mike Repole bought a majority stake in the sneaker brand Nobull last year. Tom Brady will now own the second biggest stake in Nobull behind Repole - CNBC
Fresh Vine Wine, which produces premium low calorie wine, will be merging with Colorado-based entertainment company Notes Live in deal valued at $350 million - Shore Fire Media
Brynwood Partners is exploring a sale of portfolio company Hometown Food Company. Hometown Foods makes Pillsbury's baking products and Birch Benders. Hometwon Foods could be valued at $800 million - Reuters
Forum Brands, the Amazon aggregator whose brands include Upward Baby and Simka Rose, acquired Lola, the period care brand - Modern Retail
Utz Brands is selling Good Health and R.W. Garcia snacks to Our Home, whose brands include PopChips and Food Should Taste Good. The deal is valued at $182.5 million - Food Dive
Amazon terminates their $1.4 billion acquisition of iRobot, the company that makes the Roomba, due to antitrust regulation - Axios