The Farmer's Dog#89

Drew Fallon@drewfallon12

Align Ventures is on a generational run right now in early stage CPG investing🤯 The fund, started in 2018 as a $20M fund I, was invested in some of the biggest splashes in CPG of the last 5 years (presumably some SPVs along with the fund) : - The Farmer's Dog (seed): ~$2B annual revenue, should IPO - Coterie (series A): Sale to Mammoth Brands rumored as of last week for $650m - FIGS (series A): IPOed in 2021 - touchland (seed): acquired by Church & Dwight Co., Inc. for ~$880m - hims & hers (series A): IPOed in 2021, currently $10B market cap - Billie (seed): Acquired by Edgewell Personal Care in 2021 for over $300m Total EV of the investments is likely north of $15B