PepsiCo Acquires Poppi From Allison And Stephen Ellsworth And Chris Halliburton

PepsiCo (NASDAQ: PEP) has agreed to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, with a net purchase price of $1.65 billion after tax benefits. Founded by Allison and Stephen Ellsworth, poppi gained traction after appearing on Shark Tank and receiving backing from CAVU Consumer Partners. CEO Chris Hall currently leads the company. PepsiCo sees the acquisition as part of its strategy to expand in the health-conscious beverage market. The deal includes potential earnout considerations and is subject to regulatory approval. PRICE: $1,950,000,000 HQ: #NewYork #NY #NewYorkCity #NYC #VentureCapital #PepsiCo #poppi #ChrisHall #AllisonEllsworth #StephenEllsworth #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC