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For the sweet tooth🍬

For the sweet tooth🍬
December 10, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
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We have heard a lot about how wine consumption has increased in 2020, but what about the sweets market? Despite a very socially distanced and toned-down Halloween celebration, the National Confectioners Association reports that Halloween candy sales saw double-digit growth. And, overall candy, chocolate, and non-chocolate sweets sales have also seen positive increases, and online confectionery sales have doubled between March to September 2020. It seems like our quarantine self has let loose on indulgences. 

But if you still want to indulge yourself, here's our selection of high-growth confectionary companies.

  • Astor Chocolate is a chocolate and candy manufacturing company founded in 1950 from Lakewood, New Jersey. Although affected by the pandemic and having to shut down manufacturing operations as a non-essential business, the company has organically grown over the years as a premium chocolate manufacturer.
  • Wana Brands is not the typical confectionary company. As we have written about before, the company is a leader in cannabis-infused gummy edibles. The company was founded in 2010 in Boulder, Colorado.
  • Sconza Candy is a third-generation family-run chocolate company founded in 1945. It is well-known for its chocolate-coated nuts selection and has organically grown since its establishment. 
  • Sunrise Confections from El Paso, Texas manufactures various non-chocolate snacks under the Sunrise brand and was founded in 2001. It has grown to become a billion-dollar company through organic growth. 
  • Promotion in Motion was founded in 1979 from Allendale, New Jersey, and owns many popular snack brands such as Welch’s fruit snacks, Sour Jacks, as well as Sun-Maid raises. 
  • Mars is the largest private global manufacturer of confectionery, amongst other things including pet food. Aside from the familiar M&Ms and Snickers, Mars is making a bet into the shift to healthier snack options with its purchase of KIND in November this year.
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DoorDash IPOs
Doordash and, two tech unicorns skyrocket in their IPO debut. 
Since last week, PrivCo has added:
1028 Companies | 129 Funding Activities | 212 M&A Deals

Funding & Deal Highlights:

Calm raises $75MM led by Lightspeed Ventures
Mental Health Software & Internet Services • Round C • San Francisco, CA

Flock Freight raises $113.5MM led by Softbank Vision Fund
Logistics Services • Equity • Solana Beach, CA

Everlywell raises $175MM from multiple investors
Health Care Products • Round D • Austin, TX

Hellosaurus raised $3.5MM led by General Catalyst
Edtech Software & Internet Services • Seed • New York, NY

Moov raises $27MM led by Andreesen Horowitz
Fintech Software & Internet Services • Round A • Bettendorf, IA

Nuburu raises $20MM led co-led by Anzu Partners and Allstate CEO Thomas Wilson
Industrial Products • Round B • Englewood, CO

Deepcell raises $20MM led by Bow Capital 
Biotechnology • Round A • Mountain View, CA

HODINKEE raises $40MM led by TCG
Publishing • Round • New York, NY

Funnel Leasing raises $14MM led by RET Ventures
Software & Internet Services • Round A-2 • New York, NY

Springbot acquires content marketing specialist Matcha
E-Commerce Software & Internet Services • Acquisition • Atlanta, GA

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