cultured meat Archives | Food+Tech Connect https://foodtechconnect.com News, trends & community for food and food tech startups. Mon, 30 Sep 2024 21:01:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 Inside te Chaos at Boar’s Head, Restaurants and Farms Weather Climate Shocks + More https://foodtechconnect.com/2024/09/30/inside-te-chaos-at-boars-head-restaurants-and-farms-weather-climate-shocks-more/ https://foodtechconnect.com/2024/09/30/inside-te-chaos-at-boars-head-restaurants-and-farms-weather-climate-shocks-more/#respond Mon, 30 Sep 2024 21:01:02 +0000 https://foodtechconnect.com/?p=35707 Image Credit: Forbes Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The Boar’s Head deli meat empire is facing significant turmoil as it grapples with multiple crises, including a fatal listeria outbreak, the shutdown of a key plant, and internal conflicts between its founding families. These challenges have cast uncertainty over the billion-dollar brand’s future. Meanwhile, restaurants across the country are navigating their own struggles, as climate change causes supply disruptions and ingredient shortages. Restaurateurs are adapting by reconsidering staple ingredients, fostering stronger relationships with suppliers, and finding innovative solutions to rising food costs to remain resilient in an increasingly unpredictable food supply chain. In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share! Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    1. Inside the Chaos at Boar’s Head – Forbes How a fatal listeria outbreak, a plant shutdown and a nasty beef among the founding families has left the billion-dollar deli meat empire in peril.   2. Weathering Climate Shocks: How Restaurants Survive Supply Disruptions – Civil Eats To overcome ingredient shortages and high food costs, some restaurateurs are rethinking their staple ingredients and strengthening their relationships with suppliers.   3. Asheville Restaurants Jump Into Action After Hurricane Helene’s Massive Destruction – Eater How to help communities in Western North Carolina recover from the storm.   4. Helaina Raises $45M to Launch Effera Human Lactoferrin with Kroma Wellness, Mitsubishi & More – Green Queen The company describes the ingredient as the first bioactive protein to be used in functional foods, beverages, and supplements. It is said to boost iron homeostasis and metabolism, and promote a balanced immune response and beneficial microbiome.   5. Israel’s DairyX Foods Unveils ‘Self-Assembling’ Animal-Free Casein Micelles, Eyes 2027 US Launch – Green Queen To deliver stretchy, melty cheese and firmer, creamier yogurt free from cows, DairyX Foods has come upon a novel solution for its precision fermentation technology.   6. Global ‘Slow Food’ Movement Embraces Agroecology – Monga Bay Edward Mukiibi emphasizes the need to unite farmers globally through networks like Slow Food Farms, promoting agroecological practices to reduce dependency on harmful, input-driven agriculture.   7. California Becomes First State to Ban “Sell By” Dates on Packaged Foods – CAW Recycles Governor Gavin Newsom signed AB 660, which bans the use of consumer-facing “Sell By” dates and requires the use of standardized food date labeling terminology.   8. FDA Looks to Check Up On Food Chemicals, But Where’s the Money? – Food Fix State bans and consumer uproar have put pressure on FDA to review the safety of numerous chemicals already in the food supply. The agency now has a plan to step up oversight, but warns it lacks the resources to carry it out.

The post Inside te Chaos at Boar’s Head, Restaurants and Farms Weather Climate Shocks + More appeared first on Food+Tech Connect.

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Image Credit: Forbes

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The Boar’s Head deli meat empire is facing significant turmoil as it grapples with multiple crises, including a fatal listeria outbreak, the shutdown of a key plant, and internal conflicts between its founding families. These challenges have cast uncertainty over the billion-dollar brand’s future. Meanwhile, restaurants across the country are navigating their own struggles, as climate change causes supply disruptions and ingredient shortages. Restaurateurs are adapting by reconsidering staple ingredients, fostering stronger relationships with suppliers, and finding innovative solutions to rising food costs to remain resilient in an increasingly unpredictable food supply chain.

In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share!

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

1. Inside the Chaos at Boar’s Head – Forbes

How a fatal listeria outbreak, a plant shutdown and a nasty beef among the founding families has left the billion-dollar deli meat empire in peril.

 

2. Weathering Climate Shocks: How Restaurants Survive Supply Disruptions – Civil Eats

To overcome ingredient shortages and high food costs, some restaurateurs are rethinking their staple ingredients and strengthening their relationships with suppliers.

 

3. Asheville Restaurants Jump Into Action After Hurricane Helene’s Massive Destruction – Eater

How to help communities in Western North Carolina recover from the storm.

 

4. Helaina Raises $45M to Launch Effera Human Lactoferrin with Kroma Wellness, Mitsubishi & More – Green Queen

The company describes the ingredient as the first bioactive protein to be used in functional foods, beverages, and supplements. It is said to boost iron homeostasis and metabolism, and promote a balanced immune response and beneficial microbiome.

 

5. Israel’s DairyX Foods Unveils ‘Self-Assembling’ Animal-Free Casein Micelles, Eyes 2027 US Launch – Green Queen

To deliver stretchy, melty cheese and firmer, creamier yogurt free from cows, DairyX Foods has come upon a novel solution for its precision fermentation technology.

 

6. Global ‘Slow Food’ Movement Embraces Agroecology – Monga Bay

Edward Mukiibi emphasizes the need to unite farmers globally through networks like Slow Food Farms, promoting agroecological practices to reduce dependency on harmful, input-driven agriculture.

 

7. California Becomes First State to Ban “Sell By” Dates on Packaged Foods – CAW Recycles

Governor Gavin Newsom signed AB 660, which bans the use of consumer-facing “Sell By” dates and requires the use of standardized food date labeling terminology.

 

8. FDA Looks to Check Up On Food Chemicals, But Where’s the Money? – Food Fix

State bans and consumer uproar have put pressure on FDA to review the safety of numerous chemicals already in the food supply. The agency now has a plan to step up oversight, but warns it lacks the resources to carry it out.

The post Inside te Chaos at Boar’s Head, Restaurants and Farms Weather Climate Shocks + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2024/09/30/inside-te-chaos-at-boars-head-restaurants-and-farms-weather-climate-shocks-more/feed/ 0 Omsom Gets Acquired, Cultured Meat 2.0 + More https://foodtechconnect.com/2024/06/18/omsom-gets-acquired-cultured-meat-2-0-more/ https://foodtechconnect.com/2024/06/18/omsom-gets-acquired-cultured-meat-2-0-more/#respond Tue, 18 Jun 2024 21:21:02 +0000 https://foodtechconnect.com/?p=35648 Image Credit: Food & Wine Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In recent developments, DayDayCook has acquired Omsom, a company renowned for its Asian-inspired sauces and meal starters, in a strategic move to position itself as the ‘General Mills for Asian food.’ The latest wave, dubbed “Cultured Meat 2.0,” explores protein production using light, addressing hidden costs in the current food system and developing synthetic products like fake pistachio ice cream, showcasing the rapid evolution and diversification in the food technology sector​. In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share! Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    1. How Omsom’s Vanessa and Kim Pham Found a Buyer in DayDayCook – Inc DayDayCook acquired the noodles and sauces company in an effort to become the ‘General Mills for Asian food.’   2. Cultured Meat 2.0 – Technically Food Larissa Zimberoff investigates protein made with light, the hidden costs of our food system and fake pistachio ice cream.   3. Sparkling Water Companies: State of Play – Axios Sparkling water startups are attracting investors and acquirers as health-conscious consumers opt for zero-calorie alternatives like sparkling flavored water over soda.   4. Meati Foods Dealt Blow in Alt Meat IP Dispute with the Better Meat Co; Judge Slams Firm’s ‘Sandbagging,’ and ‘Shenanigans’ – AFN A court has thrown out Meati’s claim to Better Meat Co’s patents and accused Meati of “sandbagging and shenanigans.”   5. Perfect Day Files $200M Counterclaim Accusing Ex-Partner of ‘Gross Negligence’ and ‘Willful Misconduct’ – AFN In court docs filed today, Perfect Day accuses manufacturing partner Olon of fraud, breach of contract and misappropriation of trade secrets.   6. After Hits Like Reddit and Scopely, Collaborative Fund Easily Raised a $125M Fund to Tackle Climate, Health and Food – TechCrunch  The firm invests in sectors like climate, health and food, with a focus on consumers.   7. Researchers Net $85M to Tap Ancient eDNA to Inspire Next-Gen Climate Resilient Crops – AFN The Ancient Environmental Genomics Initiative for Sustainability project has been awarded $85m over seven years in order to explore ancient environmental DNA to help develop more climate resilient crops.   8. Don’t Call It an ‘Ethnic’ Grocery Store – NY Times As Asian groceries like H Mart, Patel Brothers and 99 Ranch expand, they are reshaping American eating habits, and the American grocery market.

The post Omsom Gets Acquired, Cultured Meat 2.0 + More appeared first on Food+Tech Connect.

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Image Credit: Food & Wine

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

In recent developments, DayDayCook has acquired Omsom, a company renowned for its Asian-inspired sauces and meal starters, in a strategic move to position itself as the ‘General Mills for Asian food.’ The latest wave, dubbed “Cultured Meat 2.0,” explores protein production using light, addressing hidden costs in the current food system and developing synthetic products like fake pistachio ice cream, showcasing the rapid evolution and diversification in the food technology sector​.

In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share!

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

1. How Omsom’s Vanessa and Kim Pham Found a Buyer in DayDayCook – Inc

DayDayCook acquired the noodles and sauces company in an effort to become the ‘General Mills for Asian food.’

 

2. Cultured Meat 2.0 – Technically Food

Larissa Zimberoff investigates protein made with light, the hidden costs of our food system and fake pistachio ice cream.

 

3. Sparkling Water Companies: State of Play – Axios

Sparkling water startups are attracting investors and acquirers as health-conscious consumers opt for zero-calorie alternatives like sparkling flavored water over soda.

 

4. Meati Foods Dealt Blow in Alt Meat IP Dispute with the Better Meat Co; Judge Slams Firm’s ‘Sandbagging,’ and ‘Shenanigans’ – AFN

A court has thrown out Meati’s claim to Better Meat Co’s patents and accused Meati of “sandbagging and shenanigans.”

 

5. Perfect Day Files $200M Counterclaim Accusing Ex-Partner of ‘Gross Negligence’ and ‘Willful Misconduct’ – AFN

In court docs filed today, Perfect Day accuses manufacturing partner Olon of fraud, breach of contract and misappropriation of trade secrets.

 

6. After Hits Like Reddit and Scopely, Collaborative Fund Easily Raised a $125M Fund to Tackle Climate, Health and Food – TechCrunch 

The firm invests in sectors like climate, health and food, with a focus on consumers.

 

7. Researchers Net $85M to Tap Ancient eDNA to Inspire Next-Gen Climate Resilient Crops – AFN

The Ancient Environmental Genomics Initiative for Sustainability project has been awarded $85m over seven years in order to explore ancient environmental DNA to help develop more climate resilient crops.

 

8. Don’t Call It an ‘Ethnic’ Grocery Store – NY Times

As Asian groceries like H Mart, Patel Brothers and 99 Ranch expand, they are reshaping American eating habits, and the American grocery market.

The post Omsom Gets Acquired, Cultured Meat 2.0 + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2024/06/18/omsom-gets-acquired-cultured-meat-2-0-more/feed/ 0 Lab-Grown Meat Gets FDA Approval, Industry Leaders Form Fungi Protein Association + More https://foodtechconnect.com/2022/11/16/lab-grown-meat-gets-fda-approval-industry-leaders-form-fungi-protein-association-more/ https://foodtechconnect.com/2022/11/16/lab-grown-meat-gets-fda-approval-industry-leaders-form-fungi-protein-association-more/#respond Wed, 16 Nov 2022 17:16:13 +0000 https://foodtechconnect.com/?p=35243 Image Credit: Upside Foods   Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. And this week, we are excited to announce launch of our new podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast and check out our first two episodes: #1: Introducing: New Food Order #2: Is the world better with your business in it? With Paul Polman, former CEO of Unilever And be sure to subscribe and share! In other news, Upside Foods has just received approval from the  U.S> Food and Drug Administration (FDA) to sell lab grown chicken. This first approval of its kind is a major win for the cultivated meat industry and could pave the way for other companies to follow suite. The outcome of the midterm elections will determine what gets included in the farm bill and the Child Nutrition Reauthorization Act as well as whether the Biden administration will be able to move forward many of the anti-hunger initiatives unveiled at the White House Conference in September. Industry leaders have come together to form the Fungi Protein Association (FPA), which will advocate for fungi as a sustainable protein in public policy, conduct consumer research and more.   Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    1. Upside Foods Gets FDA Greenlight For Cultivated Chicken – Food Dive This is the first regulatory approval for any cultivated meat in the U.S.The “no questions” letter from the FDA indicates regulators have found nothing unsafe about the cultured chicken the company makes. Upside Foods now awaits approval from the USDA in order to serve its chicken products to consumers.   2. All-Star List of Global Industry Leaders Unite to Form Fungi Protein Association – Vegconomist The FPA will represent the interests of its member companies, including advocating for fungi as a sustainable protein in public policy, conducting consumer research and more.   3. How the Midterm Elections Will Impact Food and Agriculture – Civil Eats Who wins in this election will impact key federal legislation including the farm bill and the Child Nutrition Reauthorization.     4. Farmland Values Hit Record Highs, Pricing Out Farmers – New York Times Small farmers are now going up against deep-pocketed investors, including private equity firms and real estate developers.   5. With New Federal Funding, Has Agroforestry’s Moment Arrived? – Civil Eats USDA’s new Partnerships for Climate-Smart Commodities funding program will invest up to $2.8b in 70 projects, including $60m to advance agroforestry.   6. Animal Agriculture Is Dangerous Work. The People Who Do It Have Few Protections. – Civil Eats Federal OSHA protections don’t apply to 96% of the animal agriculture operations that hire workers in America. When people die on the job, the federal agency doesn’t respond 85% of the time.   7. How to Reduce the Climate Impact of Food: Increase Quality of Life – Sylvanaqua Chris Newman argues that plant-based diets and grass fed cattle will not save us from climate crisis. The most practical things we can do to improve our personal and planetary health are planning meals, cooking at home and affording good food – all of which are actively contested by our economic culture.   8. New Zealand: A New AI Tool Says It Can Generate Vegan Content Such As Blog Posts and Recipes in Seconds – Green Queen VEG3 has announced the release of what they describe as the “world’s first artificial intelligence marketing assistant for vegans.”   9. Colorado’s Vote May Boost the Gray Market for Magic Mushrooms – Bloomberg Colorado’s legalization of magic mushrooms last week was just one of three ballot box initiatives that shifted the US toward wider use of psychoactive drugs — but it could be the one with the most impact.   10. How José Andrés’s World Central Kitchen Went to War – WSJ After 12 years in operation, the humanitarian organization knows how to mobilize quickly and adapt to all kinds of disasters. But the war in Ukraine presented a new set of challenges.   11. Amazon Is Said to Plan to Lay Off Thousands of Employees – New York Times The job cuts of approximately 10k, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.

The post Lab-Grown Meat Gets FDA Approval, Industry Leaders Form Fungi Protein Association + More appeared first on Food+Tech Connect.

]]>

Image Credit: Upside Foods

 

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

And this week, we are excited to announce launch of our new podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast and check out our first two episodes:

#1: Introducing: New Food Order
#2: Is the world better with your business in it? With Paul Polman, former CEO of Unilever

And be sure to subscribe and share!

In other news, Upside Foods has just received approval from the  U.S> Food and Drug Administration (FDA) to sell lab grown chicken. This first approval of its kind is a major win for the cultivated meat industry and could pave the way for other companies to follow suite.

The outcome of the midterm elections will determine what gets included in the farm bill and the Child Nutrition Reauthorization Act as well as whether the Biden administration will be able to move forward many of the anti-hunger initiatives unveiled at the White House Conference in September.

Industry leaders have come together to form the Fungi Protein Association (FPA), which will advocate for fungi as a sustainable protein in public policy, conduct consumer research and more.

 

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

1. Upside Foods Gets FDA Greenlight For Cultivated Chicken – Food Dive

This is the first regulatory approval for any cultivated meat in the U.S.The “no questions” letter from the FDA indicates regulators have found nothing unsafe about the cultured chicken the company makes. Upside Foods now awaits approval from the USDA in order to serve its chicken products to consumers.

 

2. All-Star List of Global Industry Leaders Unite to Form Fungi Protein Association – Vegconomist

The FPA will represent the interests of its member companies, including advocating for fungi as a sustainable protein in public policy, conducting consumer research and more.

 

3. How the Midterm Elections Will Impact Food and Agriculture – Civil Eats

Who wins in this election will impact key federal legislation including the farm bill and the Child Nutrition Reauthorization.

 

 

4. Farmland Values Hit Record Highs, Pricing Out Farmers – New York Times

Small farmers are now going up against deep-pocketed investors, including private equity firms and real estate developers.

 

5. With New Federal Funding, Has Agroforestry’s Moment Arrived? – Civil Eats

USDA’s new Partnerships for Climate-Smart Commodities funding program will invest up to $2.8b in 70 projects, including $60m to advance agroforestry.

 

6. Animal Agriculture Is Dangerous Work. The People Who Do It Have Few Protections. – Civil Eats

Federal OSHA protections don’t apply to 96% of the animal agriculture operations that hire workers in America. When people die on the job, the federal agency doesn’t respond 85% of the time.

 

7. How to Reduce the Climate Impact of Food: Increase Quality of Life – Sylvanaqua

Chris Newman argues that plant-based diets and grass fed cattle will not save us from climate crisis. The most practical things we can do to improve our personal and planetary health are planning meals, cooking at home and affording good food – all of which are actively contested by our economic culture.

 

8. New Zealand: A New AI Tool Says It Can Generate Vegan Content Such As Blog Posts and Recipes in Seconds – Green Queen

VEG3 has announced the release of what they describe as the “world’s first artificial intelligence marketing assistant for vegans.”

 

9. Colorado’s Vote May Boost the Gray Market for Magic Mushrooms – Bloomberg

Colorado’s legalization of magic mushrooms last week was just one of three ballot box initiatives that shifted the US toward wider use of psychoactive drugs — but it could be the one with the most impact.

 

10. How José Andrés’s World Central Kitchen Went to War – WSJ

After 12 years in operation, the humanitarian organization knows how to mobilize quickly and adapt to all kinds of disasters. But the war in Ukraine presented a new set of challenges.

 

11. Amazon Is Said to Plan to Lay Off Thousands of Employees – New York Times

The job cuts of approximately 10k, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.

The post Lab-Grown Meat Gets FDA Approval, Industry Leaders Form Fungi Protein Association + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/11/16/lab-grown-meat-gets-fda-approval-industry-leaders-form-fungi-protein-association-more/feed/ 0 Alt Seafood Raised $175M in 2021, Shanghai’s Food Shortages + More https://foodtechconnect.com/2022/04/18/alt-seafood-raised-175m-in-2021-shanghais-food-shortages-more/ https://foodtechconnect.com/2022/04/18/alt-seafood-raised-175m-in-2021-shanghais-food-shortages-more/#respond Mon, 18 Apr 2022 21:15:42 +0000 https://foodtechconnect.com/?p=35034 Image source: Washington Post Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The Good Food Institute’s latest report which looks at the entire alternative seafood category across plant-based, cell-cultured, and fermentation-based products, said 2021 investment brought the total invested in the category to $313 million from 2013 through 2021. Investment in alternative seafood companies totaled $175 million in 2021, a 92% jump over 2020. In other news, for more than three weeks, China’s most populous city, Shanghai, has been under strict lockdown orders in an effort to control a coronavirus outbreak, leaving its 25 million residents trapped at home, struggling to feed themselves or get medical help for sick family members. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Investment in Alternative Seafood Startups Totaled $175M in 2021, Up 92% From Previous Year – The Spoon GFI’s new report found that 2021 investment brought the total invested in the category to $313m from 2013 through 2021. Cultivated seafood startups commanded two-thirds of all investment in alt-seafood last year at $115m.   2. Shanghai’s Covid Siege: Food Shortages, Talking Robots, Starving Animals – Washington Post For more than three weeks, China’s most populous city, Shanghai, has been under strict lockdown orders in an effort to control a coronavirus outbreak, leaving its 25m residents trapped at home, struggling to feed themselves or get medical help for sick family members.   3. The Netherlands: Dutch Government Awards €60M to Domestic Cellular Agriculture Ecosystem – Green Queen The amount represents the largest ever single investment into cellular agriculture by a government globally.   4. Germany: Choco Gets Its Horn Amid Mission to Remove Food Waste from Supply Chain – TechCrunch The company has raised $111m to expand the reach of its software that digitizes ordering, supply chain and communications for suppliers and restaurants.   5. Starbucks Prepares to Expand Worker Benefits That Might Exclude Unionized Staff – Wall Street Journal Starbucks chief Howard Schultz is pushing the company’s campaign against unionization, warning that expanded benefits can’t automatically go to unionized workers.   6. The Future of the Grocery Industry — Will Walmart, Kroger & Amazon Remain Leaders? – Forbes No one knows if traditional supermarkets can evolve to survive in what the industry will become.   7. PFAS: The ‘Forever Chemicals’ You Couldn’t Escape If You Tried – New York Times Virtually indestructible, these artificial compounds are used in fast-food packaging and countless household items, but they have been found as far away as virgin forests.   8. John Kempf’s Innovation-Forward Regenerative Agriculture Business Advancing Eco Agriculture Raises $4.7M – AFN Kempf counts some of the world’s leading agrifood companies as clients in a footprint of over 4m acres across North America. His business, Advancing Eco Agriculture, is on a mission to transition 80% of the world’s farms by 2040.   9. Palestinians Could Run Out of Wheat Reserves in Three Weeks in Ripple Effect of Ukraine War – Forbes Gazans will be the first to experience hunger related to shortages and price hikes due to Russia’s unprovoked attack.   10. Baby Formula Shortage Strains Families, Forces Stores to Ration – Washington Post Target, Walgreens, Kroger, CVS and others are limiting purchases as baby formula supplies run thin across the country.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Alt Seafood Raised $175M in 2021, Shanghai’s Food Shortages + More appeared first on Food+Tech Connect.

]]>

Image source: Washington Post

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The Good Food Institute’s latest report which looks at the entire alternative seafood category across plant-based, cell-cultured, and fermentation-based products, said 2021 investment brought the total invested in the category to $313 million from 2013 through 2021. Investment in alternative seafood companies totaled $175 million in 2021, a 92% jump over 2020.

In other news, for more than three weeks, China’s most populous city, Shanghai, has been under strict lockdown orders in an effort to control a coronavirus outbreak, leaving its 25 million residents trapped at home, struggling to feed themselves or get medical help for sick family members.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Investment in Alternative Seafood Startups Totaled $175M in 2021, Up 92% From Previous Year – The Spoon

GFI’s new report found that 2021 investment brought the total invested in the category to $313m from 2013 through 2021. Cultivated seafood startups commanded two-thirds of all investment in alt-seafood last year at $115m.

 

2. Shanghai’s Covid Siege: Food Shortages, Talking Robots, Starving Animals – Washington Post

For more than three weeks, China’s most populous city, Shanghai, has been under strict lockdown orders in an effort to control a coronavirus outbreak, leaving its 25m residents trapped at home, struggling to feed themselves or get medical help for sick family members.

 

3. The Netherlands: Dutch Government Awards €60M to Domestic Cellular Agriculture Ecosystem – Green Queen

The amount represents the largest ever single investment into cellular agriculture by a government globally.

 

4. Germany: Choco Gets Its Horn Amid Mission to Remove Food Waste from Supply Chain – TechCrunch

The company has raised $111m to expand the reach of its software that digitizes ordering, supply chain and communications for suppliers and restaurants.

 

5. Starbucks Prepares to Expand Worker Benefits That Might Exclude Unionized Staff – Wall Street Journal

Starbucks chief Howard Schultz is pushing the company’s campaign against unionization, warning that expanded benefits can’t automatically go to unionized workers.

 

6. The Future of the Grocery Industry — Will Walmart, Kroger & Amazon Remain Leaders? – Forbes

No one knows if traditional supermarkets can evolve to survive in what the industry will become.

 

7. PFAS: The ‘Forever Chemicals’ You Couldn’t Escape If You Tried – New York Times

Virtually indestructible, these artificial compounds are used in fast-food packaging and countless household items, but they have been found as far away as virgin forests.

 

8. John Kempf’s Innovation-Forward Regenerative Agriculture Business Advancing Eco Agriculture Raises $4.7M – AFN

Kempf counts some of the world’s leading agrifood companies as clients in a footprint of over 4m acres across North America. His business, Advancing Eco Agriculture, is on a mission to transition 80% of the world’s farms by 2040.

 

9. Palestinians Could Run Out of Wheat Reserves in Three Weeks in Ripple Effect of Ukraine War – Forbes

Gazans will be the first to experience hunger related to shortages and price hikes due to Russia’s unprovoked attack.

 

10. Baby Formula Shortage Strains Families, Forces Stores to Ration – Washington Post

Target, Walgreens, Kroger, CVS and others are limiting purchases as baby formula supplies run thin across the country.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Alt Seafood Raised $175M in 2021, Shanghai’s Food Shortages + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/04/18/alt-seafood-raised-175m-in-2021-shanghais-food-shortages-more/feed/ 0 Politics of Protein, War Hits Ukraine’s Farms + More https://foodtechconnect.com/2022/04/11/the-politics-of-protein-war-hits-ukraines-farms-more/ https://foodtechconnect.com/2022/04/11/the-politics-of-protein-war-hits-ukraines-farms-more/#respond Mon, 11 Apr 2022 20:28:30 +0000 https://foodtechconnect.com/?p=35023 Image source: Healthline Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. A major new report by IPES-Food, The Politics of Protein: Examining claims about livestock, fish, ‘alternative proteins’ and sustainability, sheds light on misleading generalizations that dominate public discussion about meat and protein, and warns of the risks of falling for meat techno-fixes. In other news, the war in Ukraine has paralyzed harvests, destroyed granaries and crops, and brought potentially devastating consequences to a country that produces a large share of the world’s grain. It has created a global food crisis that will have the biggest impact in poorer countries such as Sudan, Afghanistan and Egypt. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Fake Meat Won’t Solve the Climate Crisis – Civil Eats A new report, “The Politics of Protein,” questions the dramatic environmental claims that alternative proteins can save the planet, disrupt the status quo or challenge the power of the corporate food industry.   2. War Hits Ukraine’s Farms – New York Times Farmland covers 70% of the country and agricultural products were Ukraine’s top export. The country now has 13m tons of соrn and 3.8m tons of wheat that it cannot export using its usual routes.   3. Vertical Farms Expand as Demand for Year-Round Produce Grows – New York Times The industry is expected to grow to $9.7b worldwide by 2026, but it faces challenges, including high energy costs, technological limitations and the ability to scale.   4. Putin’s War Has Started a Global Food Crisis – New York Times The prices of commodities like wheat and corn are global, but their shocks are inequitable. These are the countries that will be most affected by rising food prices.   5. UK Becomes First Country to Regulate CBD Products As Food, ‘De-Risks Category for Investors’ – AFN CBD products that are orally consumed, legal and cleared for sale in the UK will now appear the Food Standards Agency’s CBD List.   6. Australia’s Plant-Based Products Predicted to Reach Up to $9B Valuation by 2030 – Green Queen Current figures suggest the sector is worth $140m. Key drivers will be domestic grocery partnerships, increased international exports and tech-driven innovation.   7. Jüsto Grabs New Capital As It Expands Grcoery Delivery in Brazil, Peru – TechCrunch The company claims to be the first supermarket in Mexico with no physical store that enables customers to buy groceries directly from its website or an app. It has raised $152m to expand into new cities.   8. The World’s First Genetically Engineered Wheat Is Here – The Breakthrough Argentina’s new genetically engineered, drought-tolerant wheat could have large environmental benefits.   9. House Passes Bill That Would Inject $42B into Restaurant Revitalization Fund – Restaurant Dive If HR 3807 passes the Senate, the 177k restaurants that were approved for but didn’t receive RRF grants will be in a queue to receive funding.   10. NY Gov Hochul to Sign Bill Legalizing To-Go Cocktails Until 2025 – Restaurant Dive The bill applies to restaurants and other retail license holders that sell alcohol on-premises, but requires customers to buy “a substantial food item.”   11. Four Million Dead Chickens Tell Grim Story of Ukrainian Farm – Wall Street Journal War has hammered the country’s globally important farming sector, and left one poultry plant with a dangerous cleanup.   12. The $120B Global Grain Trade Is Being Redrawn by Russia’s War in Ukraine – Bloomberg Across Ukraine’s farm belt, silos are bursting with 15m tons of corn from the autumn harvest, most of which should have been hitting world markets.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Politics of Protein, War Hits Ukraine’s Farms + More appeared first on Food+Tech Connect.

]]>

Image source: Healthline

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

A major new report by IPES-Food, The Politics of Protein: Examining claims about livestock, fish, ‘alternative proteins’ and sustainability, sheds light on misleading generalizations that dominate public discussion about meat and protein, and warns of the risks of falling for meat techno-fixes.

In other news, the war in Ukraine has paralyzed harvests, destroyed granaries and crops, and brought potentially devastating consequences to a country that produces a large share of the world’s grain. It has created a global food crisis that will have the biggest impact in poorer countries such as Sudan, Afghanistan and Egypt.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Fake Meat Won’t Solve the Climate Crisis – Civil Eats

A new report, “The Politics of Protein,” questions the dramatic environmental claims that alternative proteins can save the planet, disrupt the status quo or challenge the power of the corporate food industry.

 

2. War Hits Ukraine’s Farms – New York Times

Farmland covers 70% of the country and agricultural products were Ukraine’s top export. The country now has 13m tons of соrn and 3.8m tons of wheat that it cannot export using its usual routes.

 

3. Vertical Farms Expand as Demand for Year-Round Produce Grows – New York Times

The industry is expected to grow to $9.7b worldwide by 2026, but it faces challenges, including high energy costs, technological limitations and the ability to scale.

 

4. Putin’s War Has Started a Global Food Crisis – New York Times

The prices of commodities like wheat and corn are global, but their shocks are inequitable. These are the countries that will be most affected by rising food prices.

 

5. UK Becomes First Country to Regulate CBD Products As Food, ‘De-Risks Category for Investors’ – AFN

CBD products that are orally consumed, legal and cleared for sale in the UK will now appear the Food Standards Agency’s CBD List.

 

6. Australia’s Plant-Based Products Predicted to Reach Up to $9B Valuation by 2030 – Green Queen

Current figures suggest the sector is worth $140m. Key drivers will be domestic grocery partnerships, increased international exports and tech-driven innovation.

 

7. Jüsto Grabs New Capital As It Expands Grcoery Delivery in Brazil, Peru – TechCrunch

The company claims to be the first supermarket in Mexico with no physical store that enables customers to buy groceries directly from its website or an app. It has raised $152m to expand into new cities.

 

8. The World’s First Genetically Engineered Wheat Is Here – The Breakthrough

Argentina’s new genetically engineered, drought-tolerant wheat could have large environmental benefits.

 

9. House Passes Bill That Would Inject $42B into Restaurant Revitalization Fund – Restaurant Dive

If HR 3807 passes the Senate, the 177k restaurants that were approved for but didn’t receive RRF grants will be in a queue to receive funding.

 

10. NY Gov Hochul to Sign Bill Legalizing To-Go Cocktails Until 2025 – Restaurant Dive

The bill applies to restaurants and other retail license holders that sell alcohol on-premises, but requires customers to buy “a substantial food item.”

 

11. Four Million Dead Chickens Tell Grim Story of Ukrainian Farm – Wall Street Journal

War has hammered the country’s globally important farming sector, and left one poultry plant with a dangerous cleanup.

 

12. The $120B Global Grain Trade Is Being Redrawn by Russia’s War in Ukraine – Bloomberg

Across Ukraine’s farm belt, silos are bursting with 15m tons of corn from the autumn harvest, most of which should have been hitting world markets.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Politics of Protein, War Hits Ukraine’s Farms + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/04/11/the-politics-of-protein-war-hits-ukraines-farms-more/feed/ 0 Ukraine Invasion Threatens Global Wheat Supply, Wildtype and Next Gen Foods Snag $100M + More https://foodtechconnect.com/2022/02/28/ukraine-invasion-threatens-global-wheat-supply-wildtype-and-next-gen-foods-snag-100m-more/ https://foodtechconnect.com/2022/02/28/ukraine-invasion-threatens-global-wheat-supply-wildtype-and-next-gen-foods-snag-100m-more/#respond Mon, 28 Feb 2022 19:59:18 +0000 https://foodtechconnect.com/?p=34964 Image source: New York Times Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The Russian invasion of Ukraine is threatening to cut off international shipments of wheat, spurring shortages and pushing the price of the crop higher amid spiraling inflation and supply chain challenges. The two countries make up nearly a quarter of the world’s global supply of wheat. Cell-cultured and plant-based meats continue to go head-to-head in the race to dominate the alternative protein market. Both Wildtype and Next Gen Foods raised $100 million for their cultured salmon and plant-based chicken, respectively. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Ukraine Invasion Threatens Global Wheat Supply – New York Times Russia and Ukraine together produce nearly a quarter of the world’s wheat, and coming disruptions could fuel higher food prices and social unrest.   2. Can $100M Get Wildtype’s Cell-Grown ‘Sushi-Grade’ Salmon into the Wild? – TechCrunch The company plans to use funding to begin distributing its product to high-end chefs and grocery stores. It is still currently awaiting FDA approval.   3. Singaporean Plant-Based ‘Chicken’ Maker Snags $100M – Bloomberg Next Gen Foods plans to expand to the US, starting with major cities, pitting it against Impossible Foods and Beyond Meat.   4. Arizona Starbucks Stores Votes to Unionize, As Reorganizing Drive Gains Momentum Across the US – The Counter The Mesa Starbucks store is the third company-owned location to vote in favor of unionization since December.   5. Kristen Bell Invests in Cottage Cheese Maker Good Culture’s $64M Round to Build a Sustainable Cultured Foods Platform – Forbes Cottage cheese makers touting nutrient-dense ingredients and sustainable agricultural practices are staging a massive comeback for the category that was once twice the size of the yogurt market in the US.   6. Kraft Heinz Creates Joint Venture with AI-Powered Foodtech Startup NotCo – Food Navigator The plan is to combine NotCo’s patented tech and expertise in plant-based formulation with Kraft Heinz’s brand portfolio and scale.   7. Geltor Celebrates Commercial Scale Manufacture of Animal-Free Collagen – Food Dive The partnership with Arxada increased Geltor’s fermentation production capacity from tens of thousands of liters to millions of liters in just two years.   8. Black Farmers Fear Foreclosure as Debt Relief Remains Frozen – New York Times Lawsuits from white farmers have blocked $4b of pandemic aid that was allocated to Black farmers in the American Rescue Plan.   9. Moss.Earth Is Using NFTs & Crypto Carbon Credits to Fight Climate Change in the Amazon – AFN NFTs and other “web 3.0” tools are how the Brazilian startup plans to digitalize carbon credits and preserve the Amazon rainforest.   10. Amsterdam: PlantLabs Nabs $57M As Indoor Farming Funding Surges – Crunchbase The funds will be used to open more production sites outside the Netherlands, in North America and in Europe.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Ukraine Invasion Threatens Global Wheat Supply, Wildtype and Next Gen Foods Snag $100M + More appeared first on Food+Tech Connect.

]]>
Image source: New York Times

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The Russian invasion of Ukraine is threatening to cut off international shipments of wheat, spurring shortages and pushing the price of the crop higher amid spiraling inflation and supply chain challenges. The two countries make up nearly a quarter of the world’s global supply of wheat.

Cell-cultured and plant-based meats continue to go head-to-head in the race to dominate the alternative protein market. Both Wildtype and Next Gen Foods raised $100 million for their cultured salmon and plant-based chicken, respectively.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Ukraine Invasion Threatens Global Wheat Supply – New York Times

Russia and Ukraine together produce nearly a quarter of the world’s wheat, and coming disruptions could fuel higher food prices and social unrest.

 

2. Can $100M Get Wildtype’s Cell-Grown ‘Sushi-Grade’ Salmon into the Wild? – TechCrunch

The company plans to use funding to begin distributing its product to high-end chefs and grocery stores. It is still currently awaiting FDA approval.

 

3. Singaporean Plant-Based ‘Chicken’ Maker Snags $100M – Bloomberg

Next Gen Foods plans to expand to the US, starting with major cities, pitting it against Impossible Foods and Beyond Meat.

 

4. Arizona Starbucks Stores Votes to Unionize, As Reorganizing Drive Gains Momentum Across the US – The Counter

The Mesa Starbucks store is the third company-owned location to vote in favor of unionization since December.

 

5. Kristen Bell Invests in Cottage Cheese Maker Good Culture’s $64M Round to Build a Sustainable Cultured Foods Platform – Forbes

Cottage cheese makers touting nutrient-dense ingredients and sustainable agricultural practices are staging a massive comeback for the category that was once twice the size of the yogurt market in the US.

 

6. Kraft Heinz Creates Joint Venture with AI-Powered Foodtech Startup NotCo – Food Navigator

The plan is to combine NotCo’s patented tech and expertise in plant-based formulation with Kraft Heinz’s brand portfolio and scale.

 

7. Geltor Celebrates Commercial Scale Manufacture of Animal-Free Collagen – Food Dive

The partnership with Arxada increased Geltor’s fermentation production capacity from tens of thousands of liters to millions of liters in just two years.

 

8. Black Farmers Fear Foreclosure as Debt Relief Remains Frozen – New York Times

Lawsuits from white farmers have blocked $4b of pandemic aid that was allocated to Black farmers in the American Rescue Plan.

 

9. Moss.Earth Is Using NFTs & Crypto Carbon Credits to Fight Climate Change in the Amazon – AFN

NFTs and other “web 3.0” tools are how the Brazilian startup plans to digitalize carbon credits and preserve the Amazon rainforest.

 

10. Amsterdam: PlantLabs Nabs $57M As Indoor Farming Funding Surges – Crunchbase

The funds will be used to open more production sites outside the Netherlands, in North America and in Europe.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Ukraine Invasion Threatens Global Wheat Supply, Wildtype and Next Gen Foods Snag $100M + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/02/28/ukraine-invasion-threatens-global-wheat-supply-wildtype-and-next-gen-foods-snag-100m-more/feed/ 0 China’s 5-Year Ag Plan Includes Cultivated Meats and Future Foods, Plenty Raises $400M + More https://foodtechconnect.com/2022/01/31/chinas-5-year-ag-plan-includes-cultivated-meats-and-future-foods-plenty-raises-400m-more/ https://foodtechconnect.com/2022/01/31/chinas-5-year-ag-plan-includes-cultivated-meats-and-future-foods-plenty-raises-400m-more/#respond Mon, 31 Jan 2022 22:09:30 +0000 https://foodtechconnect.com/?p=34931 Image source: Green Queen Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, it has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in, paving the way for much-needed funding increases for the sector. Vertical farming startup Plenty has raised a whopping $400 million dollars. Walmart, who invested in the latest round, will begin to carry its leafy greens in all California stores this year. A new study has found that plant-based alternatives have the potential to represent 6% of meat consumption by 2030. The sector would need $27 billion investments in infrastructure in order to supply the demand. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. China’s 5-Year Agricultural Plan to Include Cultivated Meat and ‘Future Foods’ for the First Time – Green Queen China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, the plan has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in. 2. Walmart Makes an Investment in Vertical Farming Startup Plenty – CNBC The investment is part of a $400m round of funding. Walmart plans to carry its leafy greens in all California stores this year.   3. Plant-Based Ingredients Need $27B in Infrastructure Investments to Meet 2030 Demand – Food Dive The Good Food Institute found that if the segment keeps growing at current rates, these alternatives will represent 6% of meat consumption in eight years.   4. Unovis Asset Management Closes $166M Fund, Warns Alt Protein Investors Should Avoid Ego Driven Valuations – Forbes Alternative protein-focused VC, Unovis Asset Management, has closed an oversubscribed $166m fund II, but warns ego-driven valuations and the mentality of rushing to exits in the sector could damage founders’ well-intentioned impacts.   5. UK: Zapp Snaps Up $200M to Supersize Its Instant Grocery Play – TechCrunch China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, the plan has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in.   6. 3D-Printed Plant Steak Startup Raises Funds to Chase Carnivores – Bloomberg Israeli startup Redefine Meat has raised $135m in new funding for its roll out of 3D-printed plant-based steaks across Europe. New funds will help build out a factory in the Netherlands.   7. Belgium: Deliverect Raises $150M at a $1.4B+ Valuation to Streamline Online and Offline Food Orders – TechCrunch The company works with independent and large chains to streamline ordering and delivery. It plans to expand beyond Europe and into the US soon. It has recently begun to offer its services to CPG companies as well.   8. Purely Elizabeth Raises $50M for Expansion – Food Dive The company said it plans to expand its existing SKUs in nutrient-dense breakfast food categories, as well as launch into a yet-to-be-announced category.   9. Starship Technologies Picks Up €50M from the EU’s Investment Arm to Expand Its Fleet of Autonomous Delivery Robots – TechCrunch Campus deployments make up a majority of Starship’s business, but signs are pointing to a shift towards grocery.   10. Kula Bio Closes $50M Series A to Further Develop Its Low Emission Biofertilizer – AFN The startup says its alternative to traditional nitrogen fertilizer is crop-agnostic, non-GMO and cost-effective for farmers.   11. As Regulations Gets Closer, Upside Foods Acquires Cultivated Seafood Company Cultured Decadence – Green Queen Cultured Decadence has developed cell lines and feed for the creation of high-end crustaceans. It will now adopt Upside’s brand name and bring seafood products to its portfolio.   12. Aavishkaar Capital to Launch $250M ESG Fund to Invest in Asia, Africa – Deal Street Asia The firm has already made the first close at $55m and plans to raise the targeted capital over the next 2 years.   13. Investigators Probe Alleged Fraud Involving Over $240M in Federal Child Nutrition Dollars – The Counter A Minnesota non-profit was paid to feed thousands of hungry children every day during the pandemic. Federal investigators allege that the meals never materialized.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post China’s 5-Year Ag Plan Includes Cultivated Meats and Future Foods, Plenty Raises $400M + More appeared first on Food+Tech Connect.

]]>

Image source: Green Queen

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, it has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in, paving the way for much-needed funding increases for the sector.

Vertical farming startup Plenty has raised a whopping $400 million dollars. Walmart, who invested in the latest round, will begin to carry its leafy greens in all California stores this year.

A new study has found that plant-based alternatives have the potential to represent 6% of meat consumption by 2030. The sector would need $27 billion investments in infrastructure in order to supply the demand.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. China’s 5-Year Agricultural Plan to Include Cultivated Meat and ‘Future Foods’ for the First Time – Green Queen

China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, the plan has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in.

2. Walmart Makes an Investment in Vertical Farming Startup Plenty – CNBC

The investment is part of a $400m round of funding. Walmart plans to carry its leafy greens in all California stores this year.

 

3. Plant-Based Ingredients Need $27B in Infrastructure Investments to Meet 2030 Demand – Food Dive

The Good Food Institute found that if the segment keeps growing at current rates, these alternatives will represent 6% of meat consumption in eight years.

 

4. Unovis Asset Management Closes $166M Fund, Warns Alt Protein Investors Should Avoid Ego Driven Valuations – Forbes

Alternative protein-focused VC, Unovis Asset Management, has closed an oversubscribed $166m fund II, but warns ego-driven valuations and the mentality of rushing to exits in the sector could damage founders’ well-intentioned impacts.

 

5. UK: Zapp Snaps Up $200M to Supersize Its Instant Grocery Play – TechCrunch

China’s Ministry of Agriculture and Rural Affairs has published its eagerly awaited national plan. Acting as a blueprint for future developments, innovations and national economic strength, the plan has specifically included cultivated meat and ‘future foods’ as sectors to actively participate in.

 

6. 3D-Printed Plant Steak Startup Raises Funds to Chase Carnivores – Bloomberg

Israeli startup Redefine Meat has raised $135m in new funding for its roll out of 3D-printed plant-based steaks across Europe. New funds will help build out a factory in the Netherlands.

 

7. Belgium: Deliverect Raises $150M at a $1.4B+ Valuation to Streamline Online and Offline Food Orders – TechCrunch

The company works with independent and large chains to streamline ordering and delivery. It plans to expand beyond Europe and into the US soon. It has recently begun to offer its services to CPG companies as well.

 

8. Purely Elizabeth Raises $50M for Expansion – Food Dive

The company said it plans to expand its existing SKUs in nutrient-dense breakfast food categories, as well as launch into a yet-to-be-announced category.

 

9. Starship Technologies Picks Up €50M from the EU’s Investment Arm to Expand Its Fleet of Autonomous Delivery Robots – TechCrunch

Campus deployments make up a majority of Starship’s business, but signs are pointing to a shift towards grocery.

 

10. Kula Bio Closes $50M Series A to Further Develop Its Low Emission Biofertilizer – AFN

The startup says its alternative to traditional nitrogen fertilizer is crop-agnostic, non-GMO and cost-effective for farmers.

 

11. As Regulations Gets Closer, Upside Foods Acquires Cultivated Seafood Company Cultured Decadence – Green Queen

Cultured Decadence has developed cell lines and feed for the creation of high-end crustaceans. It will now adopt Upside’s brand name and bring seafood products to its portfolio.

 

12. Aavishkaar Capital to Launch $250M ESG Fund to Invest in Asia, Africa – Deal Street Asia

The firm has already made the first close at $55m and plans to raise the targeted capital over the next 2 years.

 

13. Investigators Probe Alleged Fraud Involving Over $240M in Federal Child Nutrition Dollars – The Counter

A Minnesota non-profit was paid to feed thousands of hungry children every day during the pandemic. Federal investigators allege that the meals never materialized.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post China’s 5-Year Ag Plan Includes Cultivated Meats and Future Foods, Plenty Raises $400M + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/01/31/chinas-5-year-ag-plan-includes-cultivated-meats-and-future-foods-plenty-raises-400m-more/feed/ 0 Alt Protein Trends to Watch, Food Insecurity in the Grocery Industry + More https://foodtechconnect.com/2022/01/24/alt-protein-trends-to-watch-food-insecurity-in-the-grocery-industry-more/ https://foodtechconnect.com/2022/01/24/alt-protein-trends-to-watch-food-insecurity-in-the-grocery-industry-more/#respond Mon, 24 Jan 2022 22:20:23 +0000 https://foodtechconnect.com/?p=34922 Image source: MeaTech Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Green Queen editor in chief and alt protein industry veteran Sonalie Figueiras shares alt protein trends for 2022, from Big Food brands getting behind private label plant-based products to regulatory approval. Meanwhile, a blind taste test held by SuperMeat has proven that its cultivated chicken was mistaken for the real thing. A new report provides startling context about the poverty and food insecurity that grocery workers face. Grocery workers across the country are striking in response, and the time has come for the food industry to reckon with the widespread issue. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. 12 Alt Protein Trends To Watch: Green Queen’s 2022 Industry Predictions – Green Queen Green Queen editor in chief and alt protein industry veteran Sonalie Figueiras lists her much-anticipated 2022 food trend predictions.   2. Why Is Food Insecurity So Widespread In the Grocery Industry? – Forbes The food industry has yet to reckon with the food insecurity, poverty and precarity that are so widespread among grocery workers.   3. Beyond Meat and PepsiCo Team Up to Make Plant-Based Jerky – Bloomberg The joint venture, Planet Partnership, will bring together Beyond Meat’s product innovations with PepsiCo’s distribution and marketing.   4. Jerky Company Chomps Receives $80M in Private Equity Cash – Bloomberg High-end jerky maker Chomps now has a valuation between $200m and 300m. Its products use pasture-raised meats and include certifications for the Keto, Paleo and Whole30 diets, as well as animal welfare.   5. Israel: Cultivated Meat Passes Blind Taste Test With Flying Colors – Green Queen SuperMeat held a blind taste test at its Tel Aviv restaurant. Master Chef judge Michal Ansky mistook the cultivated chicken for the real thing–and delightedly so.   6. Why Are Denver Kroger Workers on Strike? – Forbes Grocery workers in Denver and Colorado Springs are on strike. A new report provides startling context about the poverty and food insecurity that such essential workers face.   7. Many Restaurants Pay Tipped Workers Next to Nothing. Does that Violate their Civil Rights? – Civil Eats Advocates have advanced a lawsuit against Darden, the nation’s largest full-service restaurant company, for racial and sexual discrimination as a result of paying tipped workers below the minimum wage.   8. Indian Food Delivery Giant Swiggy Raises $700M at $10.7B Valuation – TechCrunch The new funding follows a strong year of growth for Swiggy in which the startup nearly doubled its food delivery business’ gross order value. Swiggy has surpassed the valuation of its 13-year-old chief rival Zomato.   9. Most Independent Restaurants Experienced a Sales Decrease of More Than 50% in December – Forbes Significantly less-capitalized independents have had to navigate dining room shutdowns, shift their operating models, manage patchwork regulations and angry customers and a smaller labor pool.   10. South Korea’s Agtech Startup Green Labs Raises $140M Series C to Accelerate Global Expansion – TechCrunch The startup offers services including an app that aggregates data using AI, giving more than 500k farmers insight into crop lifecycle, as well as a B2B fresh produce marketplace for over 10k enterprise buyers.   11. Why These 15 Funds Could Transform Agriculture – Koen van Seijen Billions of investment capital will try to enter the regenerative agriculture space in the next 10 years. Koen van Seijen has compiled a database of soil building funds.   12. US Food Supply Is Under Pressure, From Plants to Store Shelves – Wall Street Journal Weeks of workers calling in sick have added to continuing supply and transportation disruptions, making grocery store shelves harder to fill.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Alt Protein Trends to Watch, Food Insecurity in the Grocery Industry + More appeared first on Food+Tech Connect.

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Image source: MeaTech

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Green Queen editor in chief and alt protein industry veteran Sonalie Figueiras shares alt protein trends for 2022, from Big Food brands getting behind private label plant-based products to regulatory approval. Meanwhile, a blind taste test held by SuperMeat has proven that its cultivated chicken was mistaken for the real thing.

A new report provides startling context about the poverty and food insecurity that grocery workers face. Grocery workers across the country are striking in response, and the time has come for the food industry to reckon with the widespread issue.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. 12 Alt Protein Trends To Watch: Green Queen’s 2022 Industry Predictions – Green Queen

Green Queen editor in chief and alt protein industry veteran Sonalie Figueiras lists her much-anticipated 2022 food trend predictions.

 

2. Why Is Food Insecurity So Widespread In the Grocery Industry? – Forbes

The food industry has yet to reckon with the food insecurity, poverty and precarity that are so widespread among grocery workers.

 

3. Beyond Meat and PepsiCo Team Up to Make Plant-Based Jerky – Bloomberg

The joint venture, Planet Partnership, will bring together Beyond Meat’s product innovations with PepsiCo’s distribution and marketing.

 

4. Jerky Company Chomps Receives $80M in Private Equity Cash – Bloomberg

High-end jerky maker Chomps now has a valuation between $200m and 300m. Its products use pasture-raised meats and include certifications for the Keto, Paleo and Whole30 diets, as well as animal welfare.

 

5. Israel: Cultivated Meat Passes Blind Taste Test With Flying Colors – Green Queen

SuperMeat held a blind taste test at its Tel Aviv restaurant. Master Chef judge Michal Ansky mistook the cultivated chicken for the real thing–and delightedly so.

 

6. Why Are Denver Kroger Workers on Strike? – Forbes

Grocery workers in Denver and Colorado Springs are on strike. A new report provides startling context about the poverty and food insecurity that such essential workers face.

 

7. Many Restaurants Pay Tipped Workers Next to Nothing. Does that Violate their Civil Rights? – Civil Eats

Advocates have advanced a lawsuit against Darden, the nation’s largest full-service restaurant company, for racial and sexual discrimination as a result of paying tipped workers below the minimum wage.

 

8. Indian Food Delivery Giant Swiggy Raises $700M at $10.7B Valuation – TechCrunch

The new funding follows a strong year of growth for Swiggy in which the startup nearly doubled its food delivery business’ gross order value. Swiggy has surpassed the valuation of its 13-year-old chief rival Zomato.

 

9. Most Independent Restaurants Experienced a Sales Decrease of More Than 50% in December – Forbes

Significantly less-capitalized independents have had to navigate dining room shutdowns, shift their operating models, manage patchwork regulations and angry customers and a smaller labor pool.

 

10. South Korea’s Agtech Startup Green Labs Raises $140M Series C to Accelerate Global Expansion – TechCrunch

The startup offers services including an app that aggregates data using AI, giving more than 500k farmers insight into crop lifecycle, as well as a B2B fresh produce marketplace for over 10k enterprise buyers.

 

11. Why These 15 Funds Could Transform Agriculture – Koen van Seijen

Billions of investment capital will try to enter the regenerative agriculture space in the next 10 years. Koen van Seijen has compiled a database of soil building funds.

 

12. US Food Supply Is Under Pressure, From Plants to Store Shelves – Wall Street Journal

Weeks of workers calling in sick have added to continuing supply and transportation disruptions, making grocery store shelves harder to fill.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Alt Protein Trends to Watch, Food Insecurity in the Grocery Industry + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2022/01/24/alt-protein-trends-to-watch-food-insecurity-in-the-grocery-industry-more/feed/ 0 Black Rifle Coffee Is Going Public, Upside Foods’ Cultivated Meat Facility + More https://foodtechconnect.com/2021/11/08/black-rifle-coffee-is-going-public-upside-foods-cultivated-meat-facility-more/ https://foodtechconnect.com/2021/11/08/black-rifle-coffee-is-going-public-upside-foods-cultivated-meat-facility-more/#respond Mon, 08 Nov 2021 22:34:42 +0000 https://foodtechconnect.com/?p=34840 Source: Upside Foods Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment. The world’s largest cultivated meat facility is now a reality, thanks to Upside Foods, formerly known as Memphis Meats. The 53,000-square-foot facility is capable of producing up to 400,000 pounds of meat annually. In other news, the New York Times’ dubbed “Starbucks of the Right,” Black Rifle Coffee is going public through a $1.7 billion SPAC deal. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Regenerative Agriculture Market Scan & Consumer Insights Report Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.   2. Cell-Cultured Meat in the Spotlight As Upside Foods Opens ‘Most Advanced Cultivated Meat Production Facility in the World’ – Food Navigator The 53k-sq-ft facility and innovation center can produce 50k pounds of finished product a year, with a future capacity of over 400k pounds – a significant milestone for an industry that didn’t exist six years ago.   3. Veteran-Focused Black Rifle Coffee Going Public Through $1.7B SPAC Deal – Wall Street Journal Known for its pricier coffee and firearms-themed products such as its AK-47 Espresso Blend, Black Rifle is combining with the SPAC SilverBox Engaged Merger Corp I.   4. Brazil’s Future Farm Rakes in $48M to Sell More Plant-Based Meat and Dairy – TechCrunch In addition to expanding into more retail outlets in the US and Europe, the company plans to add plant-based milks and dairy to its range.   5. Kellogg Is Importing Cereal Into US During Strike – Bloomberg The company is bringing in cereal from Mexico, Canada, the UK and even as far away as Australia to help supply the US market as workers at its four cereal plants in the country strike.   6. Autonomous Delivery Startup Nuro Lands Investment from Google, Tiger Global in New $600M Round – TechCrunch The funding has pushed Nuro’s valuation to about $8.6b. New capital will go towards funding its third gen vehicle.   7. Kenya’s Twiga Raises $50M to Scale Food Solutions Across Africa – TechCrunch The company uses technology to connect FMCGs, manufacturers and smallholder farmers with retails in Kenya. Funding will allow it too scale its efforts in the Eastern African nation and other neighboring countries.   8. UK: IGS Banks $58M to Cement Its Place As the John Deere of Vertical Farming – AFN IGS designs and builds vertical farms for third-party operators, and provides them with the technology to get their farms up and running. It claims that its technology is used by customers across four continents.     Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Black Rifle Coffee Is Going Public, Upside Foods’ Cultivated Meat Facility + More appeared first on Food+Tech Connect.

]]>

Source: Upside Foods

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.

The world’s largest cultivated meat facility is now a reality, thanks to Upside Foods, formerly known as Memphis Meats. The 53,000-square-foot facility is capable of producing up to 400,000 pounds of meat annually. In other news, the New York Times’ dubbed “Starbucks of the Right,” Black Rifle Coffee is going public through a $1.7 billion SPAC deal.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Regenerative Agriculture Market Scan & Consumer Insights Report

Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.

 

2. Cell-Cultured Meat in the Spotlight As Upside Foods Opens ‘Most Advanced Cultivated Meat Production Facility in the World’ – Food Navigator

The 53k-sq-ft facility and innovation center can produce 50k pounds of finished product a year, with a future capacity of over 400k pounds – a significant milestone for an industry that didn’t exist six years ago.

 

3. Veteran-Focused Black Rifle Coffee Going Public Through $1.7B SPAC Deal – Wall Street Journal

Known for its pricier coffee and firearms-themed products such as its AK-47 Espresso Blend, Black Rifle is combining with the SPAC SilverBox Engaged Merger Corp I.

 

4. Brazil’s Future Farm Rakes in $48M to Sell More Plant-Based Meat and Dairy – TechCrunch

In addition to expanding into more retail outlets in the US and Europe, the company plans to add plant-based milks and dairy to its range.

 

5. Kellogg Is Importing Cereal Into US During Strike – Bloomberg

The company is bringing in cereal from Mexico, Canada, the UK and even as far away as Australia to help supply the US market as workers at its four cereal plants in the country strike.

 

6. Autonomous Delivery Startup Nuro Lands Investment from Google, Tiger Global in New $600M Round – TechCrunch

The funding has pushed Nuro’s valuation to about $8.6b. New capital will go towards funding its third gen vehicle.

 

7. Kenya’s Twiga Raises $50M to Scale Food Solutions Across Africa – TechCrunch

The company uses technology to connect FMCGs, manufacturers and smallholder farmers with retails in Kenya. Funding will allow it too scale its efforts in the Eastern African nation and other neighboring countries.

 

8. UK: IGS Banks $58M to Cement Its Place As the John Deere of Vertical Farming – AFN

IGS designs and builds vertical farms for third-party operators, and provides them with the technology to get their farms up and running. It claims that its technology is used by customers across four continents.

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Black Rifle Coffee Is Going Public, Upside Foods’ Cultivated Meat Facility + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/11/08/black-rifle-coffee-is-going-public-upside-foods-cultivated-meat-facility-more/feed/ 0 Regen Ag Consumer Insights, Denmark’s Plan to Fight Climate Change with Food, Amazon’s Smart Fridge + More https://foodtechconnect.com/2021/10/12/regen-ag-consumer-insights-denmarks-plan-to-fight-climate-change-with-food-amazons-smart-fridge-more/ https://foodtechconnect.com/2021/10/12/regen-ag-consumer-insights-denmarks-plan-to-fight-climate-change-with-food-amazons-smart-fridge-more/#respond Tue, 12 Oct 2021 21:30:20 +0000 https://foodtechconnect.com/?p=34793 Source: Beef + Lamb New Zealand Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment. Nestle has launched a vegan shrimp and egg product to some European markets in an effort to meet the growing demand of plant-based proteins. Meanwhile, supply chain strains and climate change have caused pea protein prices to soar 120% in Canada and North American oat harvests to shrink supplies. Last but not least, Kellogg’s workers on strike in four states are pushing back on two-tiered wage systems and pension and benefits cuts. Errol Schweizer interviews union leaders Kevin Bradshaw and Dan Osborn for more insight into their calls for action. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Regenerative Agriculture Market Scan & Consumer Insights Report Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.   2. Why Are Kellogg’s Workers on Strike? – Forbes Kellogg’s workers on strike in four states are pushing back on two-tiered wage systems and pension and benefits cuts.   3. Denmark’s 1.25B Kroner Plan to Fight Climate Change with Food – Livekindly Denmark’s newest climate plan includes the largest investment in plant-based research and development in the EU to date.   4. Amazon Is Working on a Smart Refrigerator That Can Monitor Your Buying Patterns and Suggest New Products or Recipes – Business Insider An Amazon smart fridge would represent the company’s continued expansion into consumers’ homes with its own hardware.   5. Tiny North American Oat Crop Could Be Coming for Your Breakfast – Bloomberg The smallest harvest ever in the US is expected to shrink supplies needed for everything from Cheerios to oat milk.   6. Europe: Plant-Based Egg and Shrimp on Nestle’s Menu As It Taps into Vegan Growth – Reuters The egg substitute, Garden Gourmet VEGGie, and vegan shrimp, Vrimp, follows the launch of its tuna substitute last year. The products will initially have a limited launch in some European markets.   7. Methane from Agriculture Is a Big Problem. We Explain Why. – Civil Eats Agriculture and waste are the largest sources of the greenhouse gas, which scientists say is one key to limiting catastrophic warming fast.   8. Europe: Atlantic Labs Spins-Out FoodLabs, a €100M Food Tech Fund Addressing Climate and Health – TechCrunch FoodLabs will focus on intellectual property and scalable digital business models toward a more efficient and sustainable food industry from earth to earth, from agriculture, production, distribution, human health to zero waste.   9. Meat Prices Soar, But Pea Protein Costs Are Rising Too Amid Vegan Meat Demand Surge – Green Queen Pea protein prices have increased 120% year-on-year in Canada, the world’s biggest pea protein producer. The country has struggled to keep up with demand in the midst of drought.   10. Spain: Eatable Adventures Spearheads €50M Fund for Food and Agriculture Tech Startups – Food Ingredients First The financing vehicle is targeting early and growth-stage startups in agri-food tech across Europe and Latin America.   11. Hormel Partners with the Better Meat Co to Develop Meat Analog Products – Food Dive The two companies will work together to create new products using Better Meat’s Rhiza mycelium-based meat analog.   12. Ashton Kutcher and Guy Oseary Partner with MeaTech to Scale Cultured Meat Production Tech – Food Ingredients First Kutcher and Oseary are leading a collective to accelerate MeaTech’s growth in developing and commercializing the company’s proprietary cultured meat production technologies.   13. Denmark’s 1.25B Kroner Plan to Fight Climate Change with Food – Livekindly Denmark’s newest climate plan includes the largest investment in plant-based research and development in the EU to date.   14. Clara Foods Becomes the Every Company and Launches Animal-Free Egg White Protein – Food Dive ClearEgg, an odorless, tasteless and soluble substance naturally found in small quantities, is now available to amp up the nutrition in beverages and other products.   15. France Bans Plastic Packaging for Fruit and Vegetables – Reuters It estimated that 37% of fruit and vegetables are sold with packaging and expects that the measure will prevent more than one billion useless plastic packaging items per year.   16. Walmart Heir Lukas Walton Is Launching a Platform to Reshape the Food System – Fast Company Walton has been quietly and anonymously funding the future of food and agriculture companies for years, now he’s putting a face to the dollars.   17. Burger King Becomes the First Fast Food Chain to Test Impossible Foods’ Meatless Nuggets – CNBC Burger King will test Impossible Foods’ meatless nuggets in several markets starting Monday, making it the first fast-food chain to offer the company’s new chicken alternative.   18. Newly Launched Do Good Foods Raises $169M to Turn Food Waste into Animal Feed – Grocery Dive The company plans to begin selling early next year chicken fed with a diet that […]

The post Regen Ag Consumer Insights, Denmark’s Plan to Fight Climate Change with Food, Amazon’s Smart Fridge + More appeared first on Food+Tech Connect.

]]>

Source: Beef + Lamb New Zealand

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.

Nestle has launched a vegan shrimp and egg product to some European markets in an effort to meet the growing demand of plant-based proteins. Meanwhile, supply chain strains and climate change have caused pea protein prices to soar 120% in Canada and North American oat harvests to shrink supplies.

Last but not least, Kellogg’s workers on strike in four states are pushing back on two-tiered wage systems and pension and benefits cuts. Errol Schweizer interviews union leaders Kevin Bradshaw and Dan Osborn for more insight into their calls for action.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Regenerative Agriculture Market Scan & Consumer Insights Report

Alpha Food Labs, our sister company, was commissioned by Beef + Lamb New Zealand and New Zealand Winegrowers to understand the current state and future market potential of regeneratively produced food and wine within the United States, Germany and the UK. The research reveals consumers may be willing to pay more for regeneratively-produced food, especially if science can show it tastes better, is better for people’s health and better for the environment.

 

2. Why Are Kellogg’s Workers on Strike? – Forbes

Kellogg’s workers on strike in four states are pushing back on two-tiered wage systems and pension and benefits cuts.

 

3. Denmark’s 1.25B Kroner Plan to Fight Climate Change with Food – Livekindly

Denmark’s newest climate plan includes the largest investment in plant-based research and development in the EU to date.

 

4. Amazon Is Working on a Smart Refrigerator That Can Monitor Your Buying Patterns and Suggest New Products or Recipes – Business Insider

An Amazon smart fridge would represent the company’s continued expansion into consumers’ homes with its own hardware.

 

5. Tiny North American Oat Crop Could Be Coming for Your Breakfast – Bloomberg

The smallest harvest ever in the US is expected to shrink supplies needed for everything from Cheerios to oat milk.

 

6. Europe: Plant-Based Egg and Shrimp on Nestle’s Menu As It Taps into Vegan Growth – Reuters

The egg substitute, Garden Gourmet VEGGie, and vegan shrimp, Vrimp, follows the launch of its tuna substitute last year. The products will initially have a limited launch in some European markets.

 

7. Methane from Agriculture Is a Big Problem. We Explain Why. – Civil Eats

Agriculture and waste are the largest sources of the greenhouse gas, which scientists say is one key to limiting catastrophic warming fast.

 

8. Europe: Atlantic Labs Spins-Out FoodLabs, a €100M Food Tech Fund Addressing Climate and Health – TechCrunch

FoodLabs will focus on intellectual property and scalable digital business models toward a more efficient and sustainable food industry from earth to earth, from agriculture, production, distribution, human health to zero waste.

 

9. Meat Prices Soar, But Pea Protein Costs Are Rising Too Amid Vegan Meat Demand Surge – Green Queen

Pea protein prices have increased 120% year-on-year in Canada, the world’s biggest pea protein producer. The country has struggled to keep up with demand in the midst of drought.

 

10. Spain: Eatable Adventures Spearheads €50M Fund for Food and Agriculture Tech Startups – Food Ingredients First

The financing vehicle is targeting early and growth-stage startups in agri-food tech across Europe and Latin America.

 

11. Hormel Partners with the Better Meat Co to Develop Meat Analog Products – Food Dive

The two companies will work together to create new products using Better Meat’s Rhiza mycelium-based meat analog.

 

12. Ashton Kutcher and Guy Oseary Partner with MeaTech to Scale Cultured Meat Production Tech – Food Ingredients First

Kutcher and Oseary are leading a collective to accelerate MeaTech’s growth in developing and commercializing the company’s proprietary cultured meat production technologies.

 

13. Denmark’s 1.25B Kroner Plan to Fight Climate Change with Food – Livekindly

Denmark’s newest climate plan includes the largest investment in plant-based research and development in the EU to date.

 

14. Clara Foods Becomes the Every Company and Launches Animal-Free Egg White Protein – Food Dive

ClearEgg, an odorless, tasteless and soluble substance naturally found in small quantities, is now available to amp up the nutrition in beverages and other products.

 

15. France Bans Plastic Packaging for Fruit and Vegetables – Reuters

It estimated that 37% of fruit and vegetables are sold with packaging and expects that the measure will prevent more than one billion useless plastic packaging items per year.

 

16. Walmart Heir Lukas Walton Is Launching a Platform to Reshape the Food System – Fast Company

Walton has been quietly and anonymously funding the future of food and agriculture companies for years, now he’s putting a face to the dollars.

 

17. Burger King Becomes the First Fast Food Chain to Test Impossible Foods’ Meatless Nuggets – CNBC

Burger King will test Impossible Foods’ meatless nuggets in several markets starting Monday, making it the first fast-food chain to offer the company’s new chicken alternative.

 

18. Newly Launched Do Good Foods Raises $169M to Turn Food Waste into Animal Feed – Grocery Dive

The company plans to begin selling early next year chicken fed with a diet that includes upcycled food collected from grocery stores.

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Regen Ag Consumer Insights, Denmark’s Plan to Fight Climate Change with Food, Amazon’s Smart Fridge + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/10/12/regen-ag-consumer-insights-denmarks-plan-to-fight-climate-change-with-food-amazons-smart-fridge-more/feed/ 0 Misfits Market $2B+ Valuation, Cultured Chicken Fat, Coffee & Mozzarella + More https://foodtechconnect.com/2021/09/20/misfits-market-2b-valuation-cultured-chicken-fat-coffee-mozzarella-more/ https://foodtechconnect.com/2021/09/20/misfits-market-2b-valuation-cultured-chicken-fat-coffee-mozzarella-more/#respond Mon, 20 Sep 2021 22:10:47 +0000 https://foodtechconnect.com/?p=34275 Source: Misfits Market Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Online grocers and restaurant tech companies are still riding on the successes they gained from the pandemic. Misfits Market has doubled its value to $2 billion in 5 months, raising a whopping $225 million. Toast is seeking a $16 billion valuation at its IPO, up from the $5 billion valuation it earned before the pandemic. In the alt protein space, Eat Just has just closed a $97 million round to construct its massive bioreactors and scale production. Beyond Meat has partnered with PepsiCo to launch plant-based products in 2022. The alt seafood sector has attracted more funding within the first 6 months of 2021 than over the entire year in 2020. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Misfits Market Nearly Doubles Value to $2B in Five Months – Bloomberg The startup has raised $225m to add five more states to its distribution as well as prepare for its expansion into dairy, frozen and prepared foods. Unlike other online grocers, the company focuses on suburban and rural markets.   2. Eat Just Raises $97M More to Fund Cultured Meat Production – Bloomberg Eat Just will use the investment to make the massive bioreactors it needs to scale up output.   3. Alternative Seafood Sector Raised Record $116M in First Half of 2021 – Green Queen The alt seafood industry has attracted more funding within the first 6 months of 2021 than over the entire year in 2020. 4. PepsiCo Targets Early 2022 to Roll Out Products from Joint Venture with Beyond Meat – CNBC The partnership gives Beyond a a chance to leverage Pepsi’s production and marketing expertise for new products, while Pepsi can deepen its investment in plant-based categories.   5. Global Food Giants Pour $80M Into Lever VC Alternative Protein Fund – Green Queen The fund is dedicated to investing in food techs using novel plant-based, cell-based and fermentation technologies to develop sustainable alternatives to animal protein, and currently boasts a portfolio of 19 companies.   6. Amsterdam: Gates Foundation Leads $707M Investment in Dutch E-Grocer Picnic – AFN Picnic has become a household name in its native Netherlands. It claims it’s able to keep prices on par with brick-and-mortar supermarkets thanks to the efficiencies gained through its vertically integrated ‘own the supply chain’ model.   7. GrubMarket Gobbles Up $120M at a $1B+ Pre-Money Valuation to Take on the Food Supply Chain – TechCrunch The company is now at a $1b annualized run-rate, having grown revenues 300% over last year. It will now be looking into growing its territory and tech, moving ahead in a market that is largely absent from competitors.   8. Toast Seeks $16B Valuation at IPO After Restaurant Tech Company Helped Eateries Survive Pandemic – CNBC Toast raised funding at a $5b valuation just before the pandemic and then cut about 50% of its staff as shutdowns forced restaurants to close their doors. Business bounced back quickly as restaurants leaned on tech to survive the crisis.   9. The Largest Meal Kit Company in America Could Be the First to Unionize – Eater Workers at two HelloFresh factories in California and Colorado are organizing with UNITE HERE, a labor union representing workers in the hotel, food service, manufacturing and other industries.   10. Israel: MeaTech Is Now Churning Out 100% Pure Cultured Chicken Fat – Green Queen MeaTech has revealed it is now producing 700 grams of cell-based chicken fat biomass in one single production run.   11. Coffee Cells Produced in a Bioreactor Through Cellular Agriculture – Phys VTT Technical Research Centre of Finland has successfully produced coffee cells in a bioreactor through cellular agriculture.   12. California’s Farms Face a Reckoning – New York Times Trimming back on farming in California could be done without serious harm to the state’s economy. While irrigated agriculture used 51% of the state’s water in the drought year of 2015, farms make up just 0.8% of California’s economy.     Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Misfits Market $2B+ Valuation, Cultured Chicken Fat, Coffee & Mozzarella + More appeared first on Food+Tech Connect.

]]>

Source: Misfits Market

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Online grocers and restaurant tech companies are still riding on the successes they gained from the pandemic. Misfits Market has doubled its value to $2 billion in 5 months, raising a whopping $225 million. Toast is seeking a $16 billion valuation at its IPO, up from the $5 billion valuation it earned before the pandemic.

In the alt protein space, Eat Just has just closed a $97 million round to construct its massive bioreactors and scale production. Beyond Meat has partnered with PepsiCo to launch plant-based products in 2022. The alt seafood sector has attracted more funding within the first 6 months of 2021 than over the entire year in 2020.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Misfits Market Nearly Doubles Value to $2B in Five Months – Bloomberg

The startup has raised $225m to add five more states to its distribution as well as prepare for its expansion into dairy, frozen and prepared foods. Unlike other online grocers, the company focuses on suburban and rural markets.

 

2. Eat Just Raises $97M More to Fund Cultured Meat Production – Bloomberg

Eat Just will use the investment to make the massive bioreactors it needs to scale up output.

 

3. Alternative Seafood Sector Raised Record $116M in First Half of 2021 – Green Queen

The alt seafood industry has attracted more funding within the first 6 months of 2021 than over the entire year in 2020.

4. PepsiCo Targets Early 2022 to Roll Out Products from Joint Venture with Beyond Meat – CNBC

The partnership gives Beyond a a chance to leverage Pepsi’s production and marketing expertise for new products, while Pepsi can deepen its investment in plant-based categories.

 

5. Global Food Giants Pour $80M Into Lever VC Alternative Protein Fund – Green Queen

The fund is dedicated to investing in food techs using novel plant-based, cell-based and fermentation technologies to develop sustainable alternatives to animal protein, and currently boasts a portfolio of 19 companies.

 

6. Amsterdam: Gates Foundation Leads $707M Investment in Dutch E-Grocer Picnic – AFN

Picnic has become a household name in its native Netherlands. It claims it’s able to keep prices on par with brick-and-mortar supermarkets thanks to the efficiencies gained through its vertically integrated ‘own the supply chain’ model.

 

7. GrubMarket Gobbles Up $120M at a $1B+ Pre-Money Valuation to Take on the Food Supply Chain – TechCrunch

The company is now at a $1b annualized run-rate, having grown revenues 300% over last year. It will now be looking into growing its territory and tech, moving ahead in a market that is largely absent from competitors.

 

8. Toast Seeks $16B Valuation at IPO After Restaurant Tech Company Helped Eateries Survive Pandemic – CNBC

Toast raised funding at a $5b valuation just before the pandemic and then cut about 50% of its staff as shutdowns forced restaurants to close their doors. Business bounced back quickly as restaurants leaned on tech to survive the crisis.

 

9. The Largest Meal Kit Company in America Could Be the First to Unionize – Eater

Workers at two HelloFresh factories in California and Colorado are organizing with UNITE HERE, a labor union representing workers in the hotel, food service, manufacturing and other industries.

 

10. Israel: MeaTech Is Now Churning Out 100% Pure Cultured Chicken Fat – Green Queen

MeaTech has revealed it is now producing 700 grams of cell-based chicken fat biomass in one single production run.

 

11. Coffee Cells Produced in a Bioreactor Through Cellular Agriculture – Phys

VTT Technical Research Centre of Finland has successfully produced coffee cells in a bioreactor through cellular agriculture.

 

12. California’s Farms Face a Reckoning – New York Times

Trimming back on farming in California could be done without serious harm to the state’s economy. While irrigated agriculture used 51% of the state’s water in the drought year of 2015, farms make up just 0.8% of California’s economy.

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Misfits Market $2B+ Valuation, Cultured Chicken Fat, Coffee & Mozzarella + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/09/20/misfits-market-2b-valuation-cultured-chicken-fat-coffee-mozzarella-more/feed/ 0 Fungi-Based Steak Maker Raises $50M, Chobani’s IPO + More https://foodtechconnect.com/2021/07/08/fungi-based-steak-chobanis-ipo-more/ https://foodtechconnect.com/2021/07/08/fungi-based-steak-chobanis-ipo-more/#respond Thu, 08 Jul 2021 20:20:38 +0000 https://foodtechconnect.com/?p=34218 Source: Ilia Yechimovich via Getty Images Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Faux meat startups continue to go head to head in the race to go to market. Israeli cultivated meat maker, Aleph Farms, has announced a $105 million Series B that will help it scale its manufacturing capabilities and expand its operations internationally. Meanwhile, Meati has raised a $50 million Series B to build a production plant for its fungi-based steaks. Beyond Meat has launched plant-based chicken tenders at 400 restaurants. In other news, Chobani has quietly filed for an IPO that could value it at $10 billion. Siete Foods now wants to go global. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Israel’s Aleph Farms to Expand Cell-Based Operations Globally after $105M Series B – Green Queen The company will use capital to scale up its manufacturing capabilities and expand its operations internationally ahead of its initial market launch in 2022.   2. Expect Fungi-Based Steak on Your Plate by 2022: Meati Raises $50M – Forbes Meati, a company commercializing vegan protein sourced from mycelium, secured a series B to build a production plant and get its cuts to restaurants around the US.   3. Yogurt Maker Chobani Confidentially Files for US IPO, Valuation May Exceed $10B – CNBC The company, which has factories in New York, Idaho and Australia, has not yet determined the number of shares it plans to sell or the price range for its proposed offering.   4. A Decade Later, Beyond Meat Reveals Its Second Attempt At Faux Chicken Tenders – Forbes Consumer demand for chicken has skyrocketed as the industrial poultry production industry has faced shortages and supply issues. Beyond is hoping those tailwinds will help convince buyers that its new tenders should go out to fast food chains, restaurants, cafeterias, hospitals and other locations.   5. Gluten-Free Is Mainstream Now. Just Look at Siete’s $1B Ambition – Bloomberg Siete, a Mexican food brand, is in 16k locations and sees sales hitting $200m this year. Now it wants to go global.   6. India: Ant-Backed Food App Boosts India IPO Target to $1.3B – Bloomberg Bernstein values Zomato at about $10b. The company vies with its main rival Swiggy as well as smaller contenders in a fast-growing Indian food services market that is estimated to balloon to $97b by 2025.   7. Satellite Imagery Company Planet Labs Is Going Public, Backed by Google, BlackRock and Marc Benioff – CNBC The company’s imagery then feeds into a data index that Planet says makes the Earth “searchable” for its more than 600 customers. The deal is expected to raise $434m.   8. MaxAB, the Egyptian B2B Food and Grocery Delivery Startup, Raises $40M for Expansion – TechCrunch The company will be expanding its physical footprint across the Middle East and North Africa. MaxAB’s platform manages procurement and grocery delivery to shops in Egypt.   9. C3 Raises $80M to Expand Its Virtual Food Hall Concept – The Spoon The company operates more than 40 virtual restaurant brands, leveraging underutilized kitchen spaces around the country to cook and fulfill those orders.   10. Instawork Raises $60M to Connect Local Businesses with Hourly Workers – The Spoon Instawork checks references and makes sure each worker is qualified, then connects them with open shifts available at different companies. Workers can get paid within hours of completion and rate their shift.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Fungi-Based Steak Maker Raises $50M, Chobani’s IPO + More appeared first on Food+Tech Connect.

]]>

Source: Ilia Yechimovich via Getty Images

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Faux meat startups continue to go head to head in the race to go to market. Israeli cultivated meat maker, Aleph Farms, has announced a $105 million Series B that will help it scale its manufacturing capabilities and expand its operations internationally. Meanwhile, Meati has raised a $50 million Series B to build a production plant for its fungi-based steaks. Beyond Meat has launched plant-based chicken tenders at 400 restaurants.

In other news, Chobani has quietly filed for an IPO that could value it at $10 billion. Siete Foods now wants to go global.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Israel’s Aleph Farms to Expand Cell-Based Operations Globally after $105M Series B – Green Queen

The company will use capital to scale up its manufacturing capabilities and expand its operations internationally ahead of its initial market launch in 2022.

 

2. Expect Fungi-Based Steak on Your Plate by 2022: Meati Raises $50M – Forbes

Meati, a company commercializing vegan protein sourced from mycelium, secured a series B to build a production plant and get its cuts to restaurants around the US.

 

3. Yogurt Maker Chobani Confidentially Files for US IPO, Valuation May Exceed $10B – CNBC

The company, which has factories in New York, Idaho and Australia, has not yet determined the number of shares it plans to sell or the price range for its proposed offering.

 

4. A Decade Later, Beyond Meat Reveals Its Second Attempt At Faux Chicken Tenders – Forbes

Consumer demand for chicken has skyrocketed as the industrial poultry production industry has faced shortages and supply issues. Beyond is hoping those tailwinds will help convince buyers that its new tenders should go out to fast food chains, restaurants, cafeterias, hospitals and other locations.

 

5. Gluten-Free Is Mainstream Now. Just Look at Siete’s $1B Ambition – Bloomberg

Siete, a Mexican food brand, is in 16k locations and sees sales hitting $200m this year. Now it wants to go global.

 

6. India: Ant-Backed Food App Boosts India IPO Target to $1.3B – Bloomberg

Bernstein values Zomato at about $10b. The company vies with its main rival Swiggy as well as smaller contenders in a fast-growing Indian food services market that is estimated to balloon to $97b by 2025.

 

7. Satellite Imagery Company Planet Labs Is Going Public, Backed by Google, BlackRock and Marc Benioff – CNBC

The company’s imagery then feeds into a data index that Planet says makes the Earth “searchable” for its more than 600 customers. The deal is expected to raise $434m.

 

8. MaxAB, the Egyptian B2B Food and Grocery Delivery Startup, Raises $40M for Expansion – TechCrunch

The company will be expanding its physical footprint across the Middle East and North Africa. MaxAB’s platform manages procurement and grocery delivery to shops in Egypt.

 

9. C3 Raises $80M to Expand Its Virtual Food Hall Concept – The Spoon

The company operates more than 40 virtual restaurant brands, leveraging underutilized kitchen spaces around the country to cook and fulfill those orders.

 

10. Instawork Raises $60M to Connect Local Businesses with Hourly Workers – The Spoon

Instawork checks references and makes sure each worker is qualified, then connects them with open shifts available at different companies. Workers can get paid within hours of completion and rate their shift.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Fungi-Based Steak Maker Raises $50M, Chobani’s IPO + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/07/08/fungi-based-steak-chobanis-ipo-more/feed/ 0 Biden Paves Way for Carbon Markets, Eat Just Mulls $3B IPO + More https://foodtechconnect.com/2021/07/01/biden-paves-way-for-carbon-markets-eat-just-mulls-3b-ipo-more/ https://foodtechconnect.com/2021/07/01/biden-paves-way-for-carbon-markets-eat-just-mulls-3b-ipo-more/#respond Thu, 01 Jul 2021 20:20:21 +0000 https://foodtechconnect.com/?p=34207 Source: Eat Just Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The senate has passed a first-ever climate mitigation bill for agriculture that will create new incentives and revenue sources for farmers in the carbon market. Long-time farmers are being forced to make better sense of their business as the western drought transforms the land, with broad consequences for the food supply. Last but not least, Eat Just is mulling a $3 billion IPO later this year or early next year. Meanwhile, a jump in meat prices is forcing families all over the world to buy less as a broader move to plant-based eating is gaining traction. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. Senate Passes First-Ever Climate Mitigation Bill for Agriculture – The Fern Under the bill, the USDA would help farmers enter the carbon market, touted as the private enterprise way to earn money while combating climate change.   2. Eat Just Mulls $3B IPO to Eventually Make Cruelty-Free Food Mainstream – Forbes The $3b in valuation for its IPO will likely happen in Q4 2021 or early next year, an increase from the $2b valuation Bloomberg reported last October.   3. Meat Demand Is Under Threat Like `Never Before’ as Prices Surge – Bloomberg A jump in meat prices is forcing families from Brazil to the Philippines to buy less just as a broader move to plant-based eating is gaining traction.   4. It’s Some of America’s Richest Farmland. But What Is It Without Water? – New York Times A California farmer decides it makes better business sense to sell his water than to grow rice. An almond farmer considers uprooting his trees to put up solar panels. Drought is transforming the state, with broad consequences for the food supply.   5. The Food System’s Carbon Footprint Has Been Vastly Underestimated – Civil Eats A new analysis pins one-third of global greenhouse gases on the food system by including long-overlooked factors such as transportation, packaging and waste.   6. Danone Buys Majority Stake in Coconut Products Maker Harmless Harvest – Food Dive The new investment will provide Harmless Harvest with additional resources and operational capabilities to help it grow and expand its sustainability initiatives. The deal will accelerate the growth of Danone’s plant-based business.   7. Dating App Bumble Will Open Its First Café in New York in July – Bloomberg Bumble Brew’s bricks-and-mortar debut has changed it from a date-friendly food destination to a “safe space.”   8. A Funding Frenzy and SPAC Listings Are Fueling the Indoor Growing Industry. But Does It Make Financial Sense? – Forbes The indoor growing industry is hot among investors. More than $715m in funding has been secured by startups so far this year, amid the anticipation of two more public listings. But are expectations out of whack?   9. ‘This Is a Food Bank Now’: Workers Seized a McDonald’s in France – Washington Post As the coronavirus overwhelmed Europe, the occupied building became the unlikely hub of an impromptu aid-distribution effort.   10. Google Debuts a New Website and Set of Resources for Americans Experiencing Food Insecurity – TechCrunch The new website connects people to food support resources, including hotlines, SNAP information, and a Google Maps locator tool that points people to their local food banks, food pantries and school meal program pickup locations.   11. UAE: SoftBank Leads Funding to Vault Kitopi Past $1B Value – Bloomberg The deal marks one of the largest funding rounds for a Middle East technology company. The cloud kitchen startup plans to expand in Saudi Arabia and start operations in new countries.   12. Czech Republic: Rohlik Raises $119M at a $1.2B Valuation to Grow Its 2-Hour Grocery Delivery Service in Europe – TechCrunch The startup has built an online grocery ordering and delivery business selling grocery fare of both large and local small businesses. Funding will drive its expansion into Europe.   13. 2021 Restaurant Tech EcoSystem: Serving Up a Digital Lifeline – The Spoon The pandemic’s economic toll on the industry has been grave, though notably, the toll was not evenly distributed. A higher level of digital maturity was a clear success indicator for most restaurants that survived the crisis.   14. The Restaurant Revitalization Fund Was Supposed to Help Businesses Recover from the Pandemic. It’s Plunging Them into Financial Uncertainty. – The Counter In late May, the Small Business Administration stopped processing relief applications from women, veterans and people of color. Then the agency started rescinding their approvals.   15. AgTech VC Omnivore Raises $150M to Help Indian Farmers Boost Yields and Profitability – Green Queen Fundraising is set to begin later this year and will support entrepreneurs and startups working on everything from predictive crop insights to AI-powered precision farming.   16. Biden Just Put a Beer Magnate in Charge of Solving the Global Hunger Crisis – Mother Jones Born rich, Cindy McCain has little experience with hunger, agriculture or climate policy.   17. Local Kitchens Raises $25M for Its Virtual Food Hall Network – The Spoon One notable feature of Local Kitchens is its ability to offer customers mix-and-match functionality when ordering digitally.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post Biden Paves Way for Carbon Markets, Eat Just Mulls $3B IPO + More appeared first on Food+Tech Connect.

]]>

Source: Eat Just

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The senate has passed a first-ever climate mitigation bill for agriculture that will create new incentives and revenue sources for farmers in the carbon market. Long-time farmers are being forced to make better sense of their business as the western drought transforms the land, with broad consequences for the food supply.

Last but not least, Eat Just is mulling a $3 billion IPO later this year or early next year. Meanwhile, a jump in meat prices is forcing families all over the world to buy less as a broader move to plant-based eating is gaining traction.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. Senate Passes First-Ever Climate Mitigation Bill for Agriculture – The Fern

Under the bill, the USDA would help farmers enter the carbon market, touted as the private enterprise way to earn money while combating climate change.

 

2. Eat Just Mulls $3B IPO to Eventually Make Cruelty-Free Food Mainstream – Forbes

The $3b in valuation for its IPO will likely happen in Q4 2021 or early next year, an increase from the $2b valuation Bloomberg reported last October.

 

3. Meat Demand Is Under Threat Like `Never Before’ as Prices Surge – Bloomberg

A jump in meat prices is forcing families from Brazil to the Philippines to buy less just as a broader move to plant-based eating is gaining traction.

 

4. It’s Some of America’s Richest Farmland. But What Is It Without Water? – New York Times

A California farmer decides it makes better business sense to sell his water than to grow rice. An almond farmer considers uprooting his trees to put up solar panels. Drought is transforming the state, with broad consequences for the food supply.

 

5. The Food System’s Carbon Footprint Has Been Vastly Underestimated – Civil Eats

A new analysis pins one-third of global greenhouse gases on the food system by including long-overlooked factors such as transportation, packaging and waste.

 

6. Danone Buys Majority Stake in Coconut Products Maker Harmless Harvest – Food Dive

The new investment will provide Harmless Harvest with additional resources and operational capabilities to help it grow and expand its sustainability initiatives. The deal will accelerate the growth of Danone’s plant-based business.

 

7. Dating App Bumble Will Open Its First Café in New York in July – Bloomberg

Bumble Brew’s bricks-and-mortar debut has changed it from a date-friendly food destination to a “safe space.”

 

8. A Funding Frenzy and SPAC Listings Are Fueling the Indoor Growing Industry. But Does It Make Financial Sense? – Forbes

The indoor growing industry is hot among investors. More than $715m in funding has been secured by startups so far this year, amid the anticipation of two more public listings. But are expectations out of whack?

 

9. ‘This Is a Food Bank Now’: Workers Seized a McDonald’s in France – Washington Post

As the coronavirus overwhelmed Europe, the occupied building became the unlikely hub of an impromptu aid-distribution effort.

 

10. Google Debuts a New Website and Set of Resources for Americans Experiencing Food Insecurity – TechCrunch

The new website connects people to food support resources, including hotlines, SNAP information, and a Google Maps locator tool that points people to their local food banks, food pantries and school meal program pickup locations.

 

11. UAE: SoftBank Leads Funding to Vault Kitopi Past $1B Value – Bloomberg

The deal marks one of the largest funding rounds for a Middle East technology company. The cloud kitchen startup plans to expand in Saudi Arabia and start operations in new countries.

 

12. Czech Republic: Rohlik Raises $119M at a $1.2B Valuation to Grow Its 2-Hour Grocery Delivery Service in Europe – TechCrunch

The startup has built an online grocery ordering and delivery business selling grocery fare of both large and local small businesses. Funding will drive its expansion into Europe.

 

13. 2021 Restaurant Tech EcoSystem: Serving Up a Digital Lifeline – The Spoon

The pandemic’s economic toll on the industry has been grave, though notably, the toll was not evenly distributed. A higher level of digital maturity was a clear success indicator for most restaurants that survived the crisis.

 

14. The Restaurant Revitalization Fund Was Supposed to Help Businesses Recover from the Pandemic. It’s Plunging Them into Financial Uncertainty. – The Counter

In late May, the Small Business Administration stopped processing relief applications from women, veterans and people of color. Then the agency started rescinding their approvals.

 

15. AgTech VC Omnivore Raises $150M to Help Indian Farmers Boost Yields and Profitability – Green Queen

Fundraising is set to begin later this year and will support entrepreneurs and startups working on everything from predictive crop insights to AI-powered precision farming.

 

16. Biden Just Put a Beer Magnate in Charge of Solving the Global Hunger Crisis – Mother Jones

Born rich, Cindy McCain has little experience with hunger, agriculture or climate policy.

 

17. Local Kitchens Raises $25M for Its Virtual Food Hall Network – The Spoon

One notable feature of Local Kitchens is its ability to offer customers mix-and-match functionality when ordering digitally.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post Biden Paves Way for Carbon Markets, Eat Just Mulls $3B IPO + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/07/01/biden-paves-way-for-carbon-markets-eat-just-mulls-3b-ipo-more/feed/ 0 USDA to Invest $4B+ in Food Supply Chain, Cultured Meat to Reach $2.7B by 2030 + More https://foodtechconnect.com/2021/06/17/usda-to-invest-4b-in-food-supply-chain-motif-foodworks-raises-226m-more/ https://foodtechconnect.com/2021/06/17/usda-to-invest-4b-in-food-supply-chain-motif-foodworks-raises-226m-more/#respond Thu, 17 Jun 2021 21:44:08 +0000 https://foodtechconnect.com/?p=34117 Source: Food Business News Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The USDA plans to invest more than $4 billion through the Build Back Better Initiative to make critical supply chains stronger, an attempt to remedy challenges exposed during the pandemic. A new report has found that the cell-cultured meat market could reach $2.6 billion by 2030. Major investments and IPOs made headlines this week: Motif Foodworks raised $226 million for its alt protein R&D and production; Boxed plans to go public with a $900 million valuation; Faire raised $260 million; and Brigg has raised $100 million. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here. 1. USDA to Invest Over $4B to Strengthen the Food Supply Chain – Supply Chain Dive Part of the Build Back Better Initiative, the USDA will invest in making critical supply chains stronger, aiding food production and processing, improving food distribution and storage, and ensuring equitable market access for food producers. 2. $1.64M Cultured Meat 2021 Market is Expected to Reach $2.7B by 2030 at a CAGR of 95.8% – Vegonomist A new study provides an in-depth analysis of the global cultured meat market, with current and future trends to elucidate the imminent investment pockets in the market. 3. Food System Change: ‘Who’s Making Decisions, Who’s Benefiting, Who’s Gaining the Wealth?’ Errol Schweizer’s Got Questions – Green Queen Errol Schweizer talks the rise of conscious consumerism, supply chain ethics, agroecological philosophy, gig work and more. 4. Chanel, Adidas Invest in Companies and Funds Related to Sustainable Agriculture – FreshFruitPortal Chanel is backing the Landcape Resilience Fund, which aims to raise $100m by 2025 to invest in projects to promote sustainable ag. Adidas is investing in Spinnova, a company that makes textile fibre out of wood or agricultural waste. 5. Motif FoodWorks Raises $226M to Tackle Plant-Based’s Challenges with Texture & Taste – AFN The alt protein company, which leans on precision fermentation and cutting-edge materials science, will use proceeds to increase its R&D capabilities, scale and commercialize its plant-based protein tech, and add to its employee roster. 6. Boxed to Go Public in SPAC Deal Valuing Online Grocer at $900M – Grocery Dive Boxed will go public in the US under its current name and receive $334m in net cash. The company sees an opportunity to license its in-house technology to other companies in the future. 7. Specialty Food Sales Hit Record $170.4B in 2020 – Food Dive A rise in home cooking and baking bolstered demand for pantry staples, while more online shopping pressured the segment. 8. The Food Industry Must Lead on Climate Before Activists Eat Their Lunch – Forbes The Exxon and Shell debacles portend a climate reckoning for food companies. The message here is clear: it is “open season” on any company or industry that shows a direct link to impacting climate with greenhouse gases. 9. Sequoia-Backed Faire Raises $260M to Hit a $7B Valuation – CB Insights Faire is an AI-based platform that allows retailers to purchase wholesale merchandise for their stores. Its operations are spread across 80 countries, providing more than 200k retailers with over 20k brands. Funding will be used to expand across Europe.   10. Delivery and Fulfillment Platform Bringg Hits Unicorn Status As It Raises $100M – Grocery Dive The company also recently teamed up with grocery e-commerce firm Stor.ai to let retailers choose between using their own fleet or third parties for delivery.   11. Cristiano Ronaldo Snub Sees Coca-Cola Market Value Fall by $4B – ESPN Ronaldo’s removal of two Coca-Cola bottles at a Euro 2020 news conference coincided with a $4b drop in the market value of the American drink giant. 12. Vita Coco Owner Is Planning an IPO at Over $2B Value – Bloomberg The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back Oatly’s initial public offering. 13. McDonald’s Hit by Data Breach – Wall Street Journal The chain said hackers stole some data from its systems in markets including the US, South Korea and Taiwan, in another example of cybercriminals infiltrating high-profile global companies.   14. Popmenu Raises $65M for Its Restaurant Digital Marketing and Ordering Platform – The Spoon Popmenu’s online suite of tools allow restaurants to build their own branded websites, with interactive menus and ordering software. It serves as an alternative to delivery marketplaces. 15. Food Banks Welcome $1B Investment by USDA – The Counter Shortly after shutting down the controversial Farmers to Families Food Box program for good, Biden’s USDA refocused its efforts to tackle hunger. 16. SBA Rescinds Approval of 3K Restaurant Revitalization Fund Applications After Discrimination Claims – Restaurant Dive The agency revoked approvals of women, veteran and other disadvantaged applicants after Texas and Tennessee judges issued injunctions on the disbursement of the funds, arguing the prioritization of certain operators was unconstitutional. 17. Yelp Records Its Highest Seated Diners Total Ever in May – Restaurant Dive More than 3.7m diners used the Yelp app to dine out in May 2021— its highest totals ever — surpassing pre-pandemic highs.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post USDA to Invest $4B+ in Food Supply Chain, Cultured Meat to Reach $2.7B by 2030 + More appeared first on Food+Tech Connect.

]]>

Source: Food Business News

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The USDA plans to invest more than $4 billion through the Build Back Better Initiative to make critical supply chains stronger, an attempt to remedy challenges exposed during the pandemic. A new report has found that the cell-cultured meat market could reach $2.6 billion by 2030.

Major investments and IPOs made headlines this week: Motif Foodworks raised $226 million for its alt protein R&D and production; Boxed plans to go public with a $900 million valuation; Faire raised $260 million; and Brigg has raised $100 million.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

1. USDA to Invest Over $4B to Strengthen the Food Supply Chain – Supply Chain Dive

Part of the Build Back Better Initiative, the USDA will invest in making critical supply chains stronger, aiding food production and processing, improving food distribution and storage, and ensuring equitable market access for food producers.

2. $1.64M Cultured Meat 2021 Market is Expected to Reach $2.7B by 2030 at a CAGR of 95.8% – Vegonomist

A new study provides an in-depth analysis of the global cultured meat market, with current and future trends to elucidate the imminent investment pockets in the market.

3. Food System Change: ‘Who’s Making Decisions, Who’s Benefiting, Who’s Gaining the Wealth?’ Errol Schweizer’s Got Questions – Green Queen

Errol Schweizer talks the rise of conscious consumerism, supply chain ethics, agroecological philosophy, gig work and more.

4. Chanel, Adidas Invest in Companies and Funds Related to Sustainable Agriculture – FreshFruitPortal

Chanel is backing the Landcape Resilience Fund, which aims to raise $100m by 2025 to invest in projects to promote sustainable ag. Adidas is investing in Spinnova, a company that makes textile fibre out of wood or agricultural waste.

5. Motif FoodWorks Raises $226M to Tackle Plant-Based’s Challenges with Texture & Taste – AFN

The alt protein company, which leans on precision fermentation and cutting-edge materials science, will use proceeds to increase its R&D capabilities, scale and commercialize its plant-based protein tech, and add to its employee roster.

6. Boxed to Go Public in SPAC Deal Valuing Online Grocer at $900M – Grocery Dive

Boxed will go public in the US under its current name and receive $334m in net cash. The company sees an opportunity to license its in-house technology to other companies in the future.

7. Specialty Food Sales Hit Record $170.4B in 2020 – Food Dive

A rise in home cooking and baking bolstered demand for pantry staples, while more online shopping pressured the segment.

8. The Food Industry Must Lead on Climate Before Activists Eat Their Lunch – Forbes

The Exxon and Shell debacles portend a climate reckoning for food companies. The message here is clear: it is “open season” on any company or industry that shows a direct link to impacting climate with greenhouse gases.

9. Sequoia-Backed Faire Raises $260M to Hit a $7B Valuation – CB Insights

Faire is an AI-based platform that allows retailers to purchase wholesale merchandise for their stores. Its operations are spread across 80 countries, providing more than 200k retailers with over 20k brands. Funding will be used to expand across Europe.

 

10. Delivery and Fulfillment Platform Bringg Hits Unicorn Status As It Raises $100M – Grocery Dive

The company also recently teamed up with grocery e-commerce firm Stor.ai to let retailers choose between using their own fleet or third parties for delivery.

 

11. Cristiano Ronaldo Snub Sees Coca-Cola Market Value Fall by $4B – ESPN

Ronaldo’s removal of two Coca-Cola bottles at a Euro 2020 news conference coincided with a $4b drop in the market value of the American drink giant.

12. Vita Coco Owner Is Planning an IPO at Over $2B Value – Bloomberg

The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back Oatly’s initial public offering.

13. McDonald’s Hit by Data Breach – Wall Street Journal

The chain said hackers stole some data from its systems in markets including the US, South Korea and Taiwan, in another example of cybercriminals infiltrating high-profile global companies.

 

14. Popmenu Raises $65M for Its Restaurant Digital Marketing and Ordering Platform – The Spoon

Popmenu’s online suite of tools allow restaurants to build their own branded websites, with interactive menus and ordering software. It serves as an alternative to delivery marketplaces.

15. Food Banks Welcome $1B Investment by USDA – The Counter

Shortly after shutting down the controversial Farmers to Families Food Box program for good, Biden’s USDA refocused its efforts to tackle hunger.

16. SBA Rescinds Approval of 3K Restaurant Revitalization Fund Applications After Discrimination Claims – Restaurant Dive

The agency revoked approvals of women, veteran and other disadvantaged applicants after Texas and Tennessee judges issued injunctions on the disbursement of the funds, arguing the prioritization of certain operators was unconstitutional.

17. Yelp Records Its Highest Seated Diners Total Ever in May – Restaurant Dive

More than 3.7m diners used the Yelp app to dine out in May 2021— its highest totals ever — surpassing pre-pandemic highs.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post USDA to Invest $4B+ in Food Supply Chain, Cultured Meat to Reach $2.7B by 2030 + More appeared first on Food+Tech Connect.

]]> https://foodtechconnect.com/2021/06/17/usda-to-invest-4b-in-food-supply-chain-motif-foodworks-raises-226m-more/feed/ 0 JBS Paid $11M to Resolve Ransomware Attack, Simulate Raises $50M + More https://foodtechconnect.com/2021/06/10/jbs-paid-11m-to-resolve-ransomware-attack-simulate-raises-50m-more/ https://foodtechconnect.com/2021/06/10/jbs-paid-11m-to-resolve-ransomware-attack-simulate-raises-50m-more/#respond Thu, 10 Jun 2021 21:19:14 +0000 https://foodtechconnect.com/?p=34102 Source: The Spoon Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In plant-based news, Simulate, the maker of plant-based Nuggs, has raised $50 million to speed the development of new products and expand internationally. Finless Foods has launched its first product, a plant-based raw tuna, as its cell-cultured sashimi is still in development. Geltor has debut its animal-free gelatin made from precision fermentation technology. Last but not least, JBS was reported to dole out $11 million in bitcoin to a Russian hacking organization to resolve its ransomware attack and prevent a disruption in the meat supply chain. Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.    Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.   1. Plant-Based NUGGS Maker Simulate Raises $50M from Ohanian Fund, McCain Foods – AFN The company uses the mindset of software engineering to continually update its product, releasing new versions of its nuggets every time it makes improvements to their taste, texture, and other features. 2. JBS Paid $11 Million to Resolve Ransomware Attack – Wall Street Journal The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores and farmers that rely on JBS. 3. China’s Race to Sell Groceries Online Is Getting Crowded – Wall Street Journal Chinese grocery delivery startups MissFresh and Dingdong Maicai have filed to go public in the US as people continue shopping online for the delivery of everyday essentials. 4. Finless Foods Gears Up to Launch Its First Product… Plant-Based Tuna – Food Navigator The plant-based substitute for raw tuna will be sold in foodservice channels in early 2022.   5. Geltor Debuts Animal-Free Collagen For Food and Beverage Markets – The Spoon PrimaColl is a nature-identical replica of poultry collagen derived using precision fermentation technology.   6. Plant-Based Food Sector to Grow 100 Times Larger – Financial Review A report on the shifts in the global food industry forecasts that global sales will climb from $14b to $1.4t within 30 years for plant-based food producers.   7. E-Grocer Hungryroot Raises $40M to Fuel Personalized Platform – Grocery Dive The company, which uses artificial intelligence to build shopping carts for customers, plans to expand its offerings, boost marketing and invest in automation.   8. Grabango Raises a $39M Series B Round for Its Checkout-Free Grocery Technology – Forbes The startup’s systems allow for existing stores to be retrofitted for cashierless checkout and has signed on five corporate chains. 9. Canada: JustKitchen Raising $20M, Expanding into the US, Asia – The Spoon The company has a number of plans for this new funding, including international expansion, more software development and some brand acquisition.   10. After Closing $27M Maiden Fund, Tenacious Ventures Seeks to Scale Up Australian Agrifoodtech – AFN Tenacious Ventures has invested $11.5m in six startups so far, with a further 10 deals expected out of its newly closed fund. 11. How Heart of Dinner Delivered Over 65K Meals to Asian Seniors in a Year of Struggle – Eater Moonlynn Tsai and Yin Chang brought NYC’s restaurant community together to let Asian senior citizens know they’re not alone.   12. Cyberattack on Food Supply Followed Years of Warnings – Politico Virtually no mandatory cybersecurity rules govern the millions of food and agriculture businesses that account for about a fifth of the U.S. economy. And now, the risk has become real. 13. How New York City Delivery Workers Are Re-Writing the Rules of Gig Work – Forbes Los Deliveristas Unidos at Workers Justice Project have partnered with several City Council members to introduce 6 bills aimed at regulating delivery apps and improving the working conditions and quality of life for delivery workers.   Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!  

The post JBS Paid $11M to Resolve Ransomware Attack, Simulate Raises $50M + More appeared first on Food+Tech Connect.

]]>

Source: The Spoon

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

In plant-based news, Simulate, the maker of plant-based Nuggs, has raised $50 million to speed the development of new products and expand internationally. Finless Foods has launched its first product, a plant-based raw tuna, as its cell-cultured sashimi is still in development. Geltor has debut its animal-free gelatin made from precision fermentation technology.

Last but not least, JBS was reported to dole out $11 million in bitcoin to a Russian hacking organization to resolve its ransomware attack and prevent a disruption in the meat supply chain.

Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work. 

 

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

 

1. Plant-Based NUGGS Maker Simulate Raises $50M from Ohanian Fund, McCain Foods – AFN

The company uses the mindset of software engineering to continually update its product, releasing new versions of its nuggets every time it makes improvements to their taste, texture, and other features.

2. JBS Paid $11 Million to Resolve Ransomware Attack – Wall Street Journal

The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores and farmers that rely on JBS.

3. China’s Race to Sell Groceries Online Is Getting Crowded – Wall Street Journal

Chinese grocery delivery startups MissFresh and Dingdong Maicai have filed to go public in the US as people continue shopping online for the delivery of everyday essentials.

4. Finless Foods Gears Up to Launch Its First Product… Plant-Based Tuna – Food Navigator

The plant-based substitute for raw tuna will be sold in foodservice channels in early 2022.

 

5. Geltor Debuts Animal-Free Collagen For Food and Beverage Markets – The Spoon

PrimaColl is a nature-identical replica of poultry collagen derived using precision fermentation technology.

 

6. Plant-Based Food Sector to Grow 100 Times Larger – Financial Review

A report on the shifts in the global food industry forecasts that global sales will climb from $14b to $1.4t within 30 years for plant-based food producers.

 

7. E-Grocer Hungryroot Raises $40M to Fuel Personalized Platform – Grocery Dive

The company, which uses artificial intelligence to build shopping carts for customers, plans to expand its offerings, boost marketing and invest in automation.

 

8. Grabango Raises a $39M Series B Round for Its Checkout-Free Grocery Technology – Forbes

The startup’s systems allow for existing stores to be retrofitted for cashierless checkout and has signed on five corporate chains.

9. Canada: JustKitchen Raising $20M, Expanding into the US, Asia – The Spoon

The company has a number of plans for this new funding, including international expansion, more software development and some brand acquisition.

 

10. After Closing $27M Maiden Fund, Tenacious Ventures Seeks to Scale Up Australian Agrifoodtech – AFN

Tenacious Ventures has invested $11.5m in six startups so far, with a further 10 deals expected out of its newly closed fund.

11. How Heart of Dinner Delivered Over 65K Meals to Asian Seniors in a Year of Struggle – Eater

Moonlynn Tsai and Yin Chang brought NYC’s restaurant community together to let Asian senior citizens know they’re not alone.

 

12. Cyberattack on Food Supply Followed Years of Warnings – Politico

Virtually no mandatory cybersecurity rules govern the millions of food and agriculture businesses that account for about a fifth of the U.S. economy. And now, the risk has become real.

13. How New York City Delivery Workers Are Re-Writing the Rules of Gig Work – Forbes

Los Deliveristas Unidos at Workers Justice Project have partnered with several City Council members to introduce 6 bills aimed at regulating delivery apps and improving the working conditions and quality of life for delivery workers.

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

 

The post JBS Paid $11M to Resolve Ransomware Attack, Simulate Raises $50M + More appeared first on Food+Tech Connect.

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