New in Funding: Little Leaf Farms $90M round and Nestlé Waters $4.3Bn sale

New in Funding: Little Leaf Farms $90M round and Nestlé Waters $4.3Bn sale

By
Nicola Spalding
February 19, 2021

New in Funding

  • 🥬 Little Leaf Farms closed a $90M debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast of America. The greenhouses grow leafy greens which are then packed and shipped on the day of harvesting, only supplying retailers within a certain radius to ensure freshness and reduce waste.
  • 🥩 Israeli plant-based meat startup Redefine Meat secured $29M series A funding to prepare for the global market launch of its 3D-printed meat alternative.
Source: Redefine Meat


  • 🦗 Aspire Food Group has been awarded $13.2M by Next Generation Manufacturing to fund the construction of a cricket protein plant in Ontario, Canada, which will be the world’s first fully automated cricket protein manufacturing facility, producing nearly 20,000 metric tonnes of products annually.
  • 🍺 Alcohol-free beer brand Lucky Saint closed £3.5M, having grown its revenues by 300% in 2020, and plans to use the funds to start growing internationally.
Source: Lucky Saint


  • 🇸🇦 Estonia-based automated kitchen garden startup Natufia Labs raised $3.5M and is relocating to Saudi Arabia to continue development and hopefully bring down the price of its automated home gardening appliance.
  • 🍫 Better-for-you chocolate milk brand Slate Milk raised an additional $1.7M funding, bringing its total to $2.5M, for its lactose-free chocolate milk with electrolytes, protein and reduced sugar content, having seen a lot of success in the grocery channel.

Mergers & Acquisitions:

  • Private equity partnership One Rock Capital Partners is acquiring Nestlé Waters North America for approximately $4.3Bn, as Nestlé continues with plans to best position its brands for long-term profitable growth.
Source: Nestlé Waters North America

    • Dole Foods is merging with Ireland-based Total Produce to create the world’s largest fresh produce company, with a combined revenue of around $9.7Bn, twice as large as its nearest competitor.
    • Danone is acquiring Earth Island, the company behind plant-based brand Follow Your Heart, in a bid to strengthen its portfolio of vegan offerings and ramp up its plant-based sales to $5.4Bn by 2025.
    • Mexican multinational Grupo Bimbo’s venture capital arm, Bimbo Ventures, has taken a minority stake in vegan, gluten-free and allergy-friendly snack producer Rule Breaker Snacks, giving it a bigger presence in allergy-friendly foods.
    • Indian online grocer Grofers is considering a merger with a special purpose acquisition company in order to ‘indirectly’ be listed on one of the US public markets.

    Become a FoodHack+ member to get unlimited access

    • Access premium publications
    • Get listed on our directory
    • Join a Global Community

    New in Funding

    • 🥬 Little Leaf Farms closed a $90M debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast of America. The greenhouses grow leafy greens which are then packed and shipped on the day of harvesting, only supplying retailers within a certain radius to ensure freshness and reduce waste.
    • 🥩 Israeli plant-based meat startup Redefine Meat secured $29M series A funding to prepare for the global market launch of its 3D-printed meat alternative.
    Source: Redefine Meat


    • 🦗 Aspire Food Group has been awarded $13.2M by Next Generation Manufacturing to fund the construction of a cricket protein plant in Ontario, Canada, which will be the world’s first fully automated cricket protein manufacturing facility, producing nearly 20,000 metric tonnes of products annually.
    • 🍺 Alcohol-free beer brand Lucky Saint closed £3.5M, having grown its revenues by 300% in 2020, and plans to use the funds to start growing internationally.
    Source: Lucky Saint


    • 🇸🇦 Estonia-based automated kitchen garden startup Natufia Labs raised $3.5M and is relocating to Saudi Arabia to continue development and hopefully bring down the price of its automated home gardening appliance.
    • 🍫 Better-for-you chocolate milk brand Slate Milk raised an additional $1.7M funding, bringing its total to $2.5M, for its lactose-free chocolate milk with electrolytes, protein and reduced sugar content, having seen a lot of success in the grocery channel.

    Mergers & Acquisitions:

    • Private equity partnership One Rock Capital Partners is acquiring Nestlé Waters North America for approximately $4.3Bn, as Nestlé continues with plans to best position its brands for long-term profitable growth.
    Source: Nestlé Waters North America

      • Dole Foods is merging with Ireland-based Total Produce to create the world’s largest fresh produce company, with a combined revenue of around $9.7Bn, twice as large as its nearest competitor.
      • Danone is acquiring Earth Island, the company behind plant-based brand Follow Your Heart, in a bid to strengthen its portfolio of vegan offerings and ramp up its plant-based sales to $5.4Bn by 2025.
      • Mexican multinational Grupo Bimbo’s venture capital arm, Bimbo Ventures, has taken a minority stake in vegan, gluten-free and allergy-friendly snack producer Rule Breaker Snacks, giving it a bigger presence in allergy-friendly foods.
      • Indian online grocer Grofers is considering a merger with a special purpose acquisition company in order to ‘indirectly’ be listed on one of the US public markets.

      Become a FoodHack+ member to get unlimited access

      • Access premium publications
      • Get listed on our directory
      • Join a Global Community

      New in Funding

      • 🥬 Little Leaf Farms closed a $90M debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast of America. The greenhouses grow leafy greens which are then packed and shipped on the day of harvesting, only supplying retailers within a certain radius to ensure freshness and reduce waste.
      • 🥩 Israeli plant-based meat startup Redefine Meat secured $29M series A funding to prepare for the global market launch of its 3D-printed meat alternative.
      Source: Redefine Meat


      • 🦗 Aspire Food Group has been awarded $13.2M by Next Generation Manufacturing to fund the construction of a cricket protein plant in Ontario, Canada, which will be the world’s first fully automated cricket protein manufacturing facility, producing nearly 20,000 metric tonnes of products annually.
      • 🍺 Alcohol-free beer brand Lucky Saint closed £3.5M, having grown its revenues by 300% in 2020, and plans to use the funds to start growing internationally.
      Source: Lucky Saint


      • 🇸🇦 Estonia-based automated kitchen garden startup Natufia Labs raised $3.5M and is relocating to Saudi Arabia to continue development and hopefully bring down the price of its automated home gardening appliance.
      • 🍫 Better-for-you chocolate milk brand Slate Milk raised an additional $1.7M funding, bringing its total to $2.5M, for its lactose-free chocolate milk with electrolytes, protein and reduced sugar content, having seen a lot of success in the grocery channel.

      Mergers & Acquisitions:

      • Private equity partnership One Rock Capital Partners is acquiring Nestlé Waters North America for approximately $4.3Bn, as Nestlé continues with plans to best position its brands for long-term profitable growth.
      Source: Nestlé Waters North America

        • Dole Foods is merging with Ireland-based Total Produce to create the world’s largest fresh produce company, with a combined revenue of around $9.7Bn, twice as large as its nearest competitor.
        • Danone is acquiring Earth Island, the company behind plant-based brand Follow Your Heart, in a bid to strengthen its portfolio of vegan offerings and ramp up its plant-based sales to $5.4Bn by 2025.
        • Mexican multinational Grupo Bimbo’s venture capital arm, Bimbo Ventures, has taken a minority stake in vegan, gluten-free and allergy-friendly snack producer Rule Breaker Snacks, giving it a bigger presence in allergy-friendly foods.
        • Indian online grocer Grofers is considering a merger with a special purpose acquisition company in order to ‘indirectly’ be listed on one of the US public markets.

        New in Funding

        • 🥬 Little Leaf Farms closed a $90M debt and equity financing round to expand its network of hydroponic greenhouses on the East Coast of America. The greenhouses grow leafy greens which are then packed and shipped on the day of harvesting, only supplying retailers within a certain radius to ensure freshness and reduce waste.
        • 🥩 Israeli plant-based meat startup Redefine Meat secured $29M series A funding to prepare for the global market launch of its 3D-printed meat alternative.
        Source: Redefine Meat


        • 🦗 Aspire Food Group has been awarded $13.2M by Next Generation Manufacturing to fund the construction of a cricket protein plant in Ontario, Canada, which will be the world’s first fully automated cricket protein manufacturing facility, producing nearly 20,000 metric tonnes of products annually.
        • 🍺 Alcohol-free beer brand Lucky Saint closed £3.5M, having grown its revenues by 300% in 2020, and plans to use the funds to start growing internationally.
        Source: Lucky Saint


        • 🇸🇦 Estonia-based automated kitchen garden startup Natufia Labs raised $3.5M and is relocating to Saudi Arabia to continue development and hopefully bring down the price of its automated home gardening appliance.
        • 🍫 Better-for-you chocolate milk brand Slate Milk raised an additional $1.7M funding, bringing its total to $2.5M, for its lactose-free chocolate milk with electrolytes, protein and reduced sugar content, having seen a lot of success in the grocery channel.

        Mergers & Acquisitions:

        • Private equity partnership One Rock Capital Partners is acquiring Nestlé Waters North America for approximately $4.3Bn, as Nestlé continues with plans to best position its brands for long-term profitable growth.
        Source: Nestlé Waters North America

          • Dole Foods is merging with Ireland-based Total Produce to create the world’s largest fresh produce company, with a combined revenue of around $9.7Bn, twice as large as its nearest competitor.
          • Danone is acquiring Earth Island, the company behind plant-based brand Follow Your Heart, in a bid to strengthen its portfolio of vegan offerings and ramp up its plant-based sales to $5.4Bn by 2025.
          • Mexican multinational Grupo Bimbo’s venture capital arm, Bimbo Ventures, has taken a minority stake in vegan, gluten-free and allergy-friendly snack producer Rule Breaker Snacks, giving it a bigger presence in allergy-friendly foods.
          • Indian online grocer Grofers is considering a merger with a special purpose acquisition company in order to ‘indirectly’ be listed on one of the US public markets.