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Announced

Completed

Stride Consumer Partners led a $52m Series B funding round in Serenity Kids.

Financials

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Transaction Value£40m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

baby food

Food Products

Acquisition

Minority

Domestic

Single Bidder

Private

Private Equity

Venture Capital

Completed

Friendly

Synopsis

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Stride Consumer Partners, a growth equity investment firm, led a $52m Series B funding round in Serenity Kids, a shelf-stable pouched baby food brand. "The current investment landscape is pretty dire, so our ability to attract this financing and partnership validates our differentiation, mission, and growth potential. We're excited to pour more resources into our revolution that elevates children's nutrition so that all future generations can thrive. We are profitable and were not seeking to raise funds, but when we met the Stride team we immediately connected with them and appreciated their approach to building strong sustainable brands. The Stride team's proven track record partnering with companies like Yasso and Chomps makes us confident that they can help take us to the next level," Joe Carr, Serenity Kids President and Co-Founder.

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