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The Merchant Club and Align Ventures led a $18m Series B round in Jinx.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

dog food

Venture Capital

Domestic

Completed

Friendly

Minority

Food Retailers and Wholesalers

Acquisition

Private

Private Equity

Single Bidder

Synopsis

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The Merchant Club, an international members club that brings together families seeking direct co-investment opportunities, and Align Ventures, a venture capital firm, led a $18m Series B round in Jinx, a dog food company, with participation from AF Ventures and Era Ventures. “After leading the Series A, The Merchant Club is pleased to announce a subsequent strategic investment in Jinx as the lead investor of this Series B. We are thrilled to continue to support an outstanding team and brand in the continuously growing pet food sector. This further capital infusion will continue to fuel Jinx’s exceptional growth as a leading brand," Laurent Ghouzi, The Merchant Club Founding Partner.

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