Uptime Energy, an energy drink company, has acquired cold brew coffee maker Rise Brewing Co., merging two independent brands into a unified platform. This strategic acquisition aims to diversify Uptime’s product offerings by incorporating Rise’s nitro cold brew coffees. In conjunction with the merger, Uptime is introducing a new glass bottle line specifically designed for convenience stores, expanding its retail footprint. The collaboration seeks to leverage both brand’s strengths, combining Uptime’s market presence with Rise’s innovative coffee products. This move reflects a growing trend in the beverage industry, where companies are broadening their portfolios to meet diverse consumer preferences. The financial terms of the acquisition have not been disclosed.
Continue readingNews for February 12, 2025
French plant-based cheese producer Jay & Joy has acquired fellow vegan cheese brand Les Nouveaux Affineurs and secured investment from E2M, enabling it to double production capacity. The deal positions Jay & Joy to meet growing consumer demand for dairy-free alternatives while strengthening its place in the European plant-based cheese market. Les Nouveaux Affineurs is known for its fermentation-based approach to vegan cheese, which aligns well with Jay & Joy’s artisanal techniques. By integrating expertise and ramping up production, Jay & Joy aims to compete more aggressively with both traditional dairy producers and emerging vegan competitors. This investment also supports the company’s broader ambition to expand distribution across France and internationally.
Continue readingNews for January 29, 2025
CPG Financing Month II, an upcoming event focused on financing strategies for consumer packaged goods companies, will feature industry experts discussing funding opportunities, investment trends and financial planning to support growth in the CPG sector. Join host Keith Kohler with 27 speakers in 13 conversations on financing strategies for consumer packaged goods. The theme for this year is, “How…” — so we will focus on process, tips, underwriting insights and case studies that will help founders to get the right financing at the right time.
Continue readingNews for January 2, 2025
ModifyHealth, a leader in food-as-medicine solutions, raised $13.5 million in a Series C funding round led by the Dohmen Company Foundation (DCF) via its Dohmen Impact Investment Fund. Existing investors RC Capital and Nashville Capital Network also participated. The funding will support growth initiatives, technology enhancements and expanded operations aimed at increasing accessibility to ModifyHealth’s services. The company provides medically tailored meals and telenutrition to address chronic conditions like diabetes, hypertension and obesity. ModifyHealth’s customizable meal plans, including Low-FODMAP and Mediterranean options, are paired with live nutrition coaching and digital education, offering patients practical tools for sustainable health improvements.
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