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The Consumer VC Roundup #1
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I’m starting a weekly consumer news issue called The Consumer VC Roundup. I’ll list all the funding rounds and M&A transactions that I come across in the consumer brand and consumer tech space. I hope it’s informative and helpful and would love your feedback.
In the News…
Sephora is dropping Addison Rae and Hyram Yarbro’s beauty lines. Both brands haven’t been able to connect with Sephora shoppers - More here from Beauty Packaging
Nick Jonas’s Rob’s Backstage Popcorn announces partnership and new BBQ flavor with Kelly Clarkson - more on Forbes here
How alcohol brands are capitalizing on Dry January - more from Modern Retail
Deals & Debuts:
Project Eaden, a food tech company that uses fiber technology to produce meat, raises an additional $2.1 million - More here from TechCrunch
Slate Milk closes $10.5 million round for national distribution. Slate Milk produces RTD high-protein chocolate milk and lattes. More here from Bevnet.
The Ryl Company, which makes RTD functional tea, raises $6.7 million & launched in Wegmans & Whole Foods this month after 9 months in R&D. More from PRS Newswire
JB Skrub debuts. Founded by actress Julie Bowen and beauty vet Jill Buren, JB Skrub is a skincare line targeting 10-16 year-old boys. More here on their launch
P&G buys textured hair brand Mielle Organics, a popular beauty natural beauty brand whose products are designed for Black women. Mielle Organics will operate as an independent subsidiary of P&G Beauty. More from Business Wire
Twitter rival raises $1.1m from a handful of angels. The company doesn’t yet have a name and is being referred to as T2. More from TechCrunch
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Thanks for reading,