Latest food tech and innovation news, jobs and events.
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indra nooyi
FEATURED
PepsiCo's Indra Nooyi Resigns, Albertsons & Greycroft Launch $50M VC Fund, Zume to Raise $750M + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f5c0679575&e=2715c96b29)
Our round-up of this week's top food innovation news.
2017 US Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=df7169360f&e=2715c96b29)
Introducing our first annual Food & Bev Startup Investment Report by Ryan Williams. There were $1.08b in venture capital investments across 99 deals in 2017. Check out our report for a deep dive into the deals and trends.
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LATEST JOB LISTINGS
Biological Scientist at ProteoSense (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e1edc1971f&e=2715c96b29) - Columbus, OH
Software Engineer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=02aeee1814&e=2715c96b29) - Bay Area, CA
Front-End Developer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dfa0cb587e&e=2715c96b29) - Bay Area, CA
Android Software Engineer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=651fcc9aed&e=2715c96b29) - Bay Area, CA
Food Loves Tech Event Manager at Edible Holdings (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d7392d86f9&e=2715c96b29) - Brooklyn, NY
Contract Manufacturing Manager at Hungryroot (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bc8c0f2c5d&e=2715c96b29) - New York, NY
Operations Manager at Main Street Wholesale Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=98a7b90855&e=2715c96b29) - Farmingdale, NY
Next-Gen Farmer at Square Roots (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d277eb6a68&e=2715c96b29) - Brooklyn, NY
Senior Accountant at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d29d4249fd&e=2715c96b29) - Los Angeles, CA
Lead IOS Mobile Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dd2d327fb1&e=2715c96b29) - Los Angeles, CA
Executive Assistant at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0bedff8dfd&e=2715c96b29) - New York, NY
Social Media Manager at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e49c01c6b2&e=2715c96b29) - New York, NY
Lead Web UI Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5b65fad7f8&e=2715c96b29) - Los Angeles, CA
Sourcing and Logistics Analyst at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=88105839cf&e=2715c96b29) - Los Angeles, CA
Social Media Intern (Paid) at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=07aefa38d3&e=2715c96b29) - New York, NY
Marketing Intern (Paid) at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5dfbe2a864&e=2715c96b29) - New York, NY
SEARCH MORE JOBS! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1c4d362707&e=2715c96b29)
ripple
CPG
150+ Startups Cultivating The Wellness Industry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f20567cbea&e=2715c96b29) - CB Insights
From sleep robots to virtual nutritionists to CBD oils, these companies are growing the wellness space.
Good Catch Reels in Investment (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ac320d8377&e=2715c96b29) - Project Nosh
The plant-based seafood company announced the close of an $8.7m series A led by New Crop Capital with participation from PHW Group, Thrive Market and Fresh Direct. It plans to enter the retail market in the last quarter of 2018.
AgFunder Invests in Foodtech Startup Chinova Bioworks' $2M Round With DSM, Rhapsody (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1946e1c38c&e=2715c96b29) - AgFunder
Chinova Bioworks creates a customizable natural preservative using chitosan extracted from mushrooms. Funding will be used to scale production and build its team.
Craft Beer Is Booming. Is That Bad News for the US Economy? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=855f318d25&e=2715c96b29) - The Washington Post
While AB InBev and its peers have continued to gobbe this or that craft competitor, the pase of such acquisitions has slowed, while the number of new craft breweries has continued to rise. That is the real problem for craft brewers.
Starbucks Enters the Kombucha Category via Evolution Fresh Brand (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=22a2b49f4e&e=2715c96b29) - Food Navigator
The chain is launching a new line of organic products under its Evolution Fresh brand.
Fresh Snacking
RETAIL
Fresh Snacking Makes the Perimeter Even More Central to Grocery Store Success (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=412508ed4d&e=2715c96b29) - New Hope Network
As the demand for healthier and fresher food intersects with the desire of busy consumers for portion-sized grab-and-go items, the store perimeter is increasingly where it's at for health-conscious snackers.
Amazon Now Lets You Pick Up Whole Foods Orders from a Store in 30 Minutes Without Leaving Your Car (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9091fec124&e=2715c96b29) - CNBC
The curbside pick-up service is starting in Sacramento, CA and Virginia Beach, VA, with more cities getting the offering later in the year.
Walmart and JD.com Invest $500M in a Chinese Online Delivery Company (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f2b753ae3f&e=2715c96b29) - CNBC
JD Daojia delivers goods from local supermarkets and other partners via a location-based smartphone app and has about 20m monthly active users.
Albertsons and Rite Aid Cancel Merger Amid Shareholder Opposition (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c23a54ee4c&e=2715c96b29) - Food Dive
Shareholders were set to vote on the acquisition today, but the deal was called off due to mounting opposition. For Albertsons, this marks yet another failed attempt at becoming a publicly traded company.
Aldi Is Overhauling Its Stores to Win the Grocery Wars — and It's Coming Straight for Walmart and Kroger (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=00b7ebfa48&e=2715c96b29) - SF Gate
Aldi is adding more fresh, organic, vegetarian and vegan items to its US stores in what will be the biggest product refresh in its history. Once the product rollout is complete in early 2019, about 20% of the items in Aldi's stores will be new.
The Top Four Reasons Self-Checkout Fails In Grocery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8c7a846072&e=2715c96b29) - The Shelby Report
The grocery industry needs to continually and aggressively invest in tools and technology that drive speed and convenience.
This Korean Grocery Store Has a Hack to Prevent Overripe Bananas (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a048213be8&e=2715c96b29) - TIME
Daum, a Korean grocery store E-Mart, began selling packs of bananas that span the range of very green to very ripe.
zume
RESTAURANTS
SoftBank in Talks to Invest Up to $750M in Zume, the Startup That Sells Robot-Made Pizza (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c67732a845&e=2715c96b29) - Bloomberg
Zume owns a patent for delivery trucks capable of cooking food while it's en route to customers. The investment shows SoftBank's Vision Fund's broader ambitions to attach itself to the food delivery businesses.
Alibaba Merging China Food Delivery Units to Counter Tencent-Backed Meituan (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=de373d263e&e=2715c96b29) - Reuters
The Alibaba units to be merged include food delivery platform Ele.me and food and lifestyle services firm Koubei. Alibaba is looking to raise between $3b and $5b for the combined entity.
Robot Coffee Chain Cafe X Is Almost Done Raising $12M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6500cb3064&e=2715c96b29) - Crunchbase
Recent regulatory filings suggest that Cafe X is slurping down up to $12m in a Seed-1 led by Jason Calacanis and Craft Ventures.
India's Food Delivery Startups Are Back in Business but There's Still Reason to Worry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1e1fd2b81f&e=2715c96b29) - Quartz
After an initial hype and a slump that followed, the last 18 months have seen a significant increase in mergers and acquisitions in the space.
Pokéworks Gets Financial Lift from Tokyo-Based Restaurant Giant (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c1825dc935&e=2715c96b29) - Nation's Restaurant News
Toridoll Holdings has partnered with the Southern California-based poke chain to aid in its expansion. Terms of the agreement were not disclosed.
Shake Shack Is Bringing Cashless Kiosks to Even More Locations (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=28665882b6&e=2715c96b29) - Eater
The burger chain is using automation to cope with higher minimum wages.
Delivery Represents 4% of All Restaurant Orders (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6242f1c93e&e=2715c96b29) - Nation's Restaurant News
The rapid growth of delivery is offering restaurant operators a bright spot of growth in an industry that has been flat for several years. It is also driving forward-looking operators to rethink on-premise dining.
UK: Instagram Partners with Quandoo to Allow in-App Restaurant Bookings (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=89665b0abc&e=2715c96b29) - Big Hospitality
Instagram users in all countries in which Quandoo is active are now able to reserve on a restaurant's Instagram profile to instantly book a table through the restaurant reservation platform.
agtech
AGRICULTURE
Flagship's Latest Venture Inari Raises $40m Series B to "Transform Plant Breeding" (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=12a2074698&e=2715c96b29) - AgFunder
Inari has raised $40m in Series B funding from Acre Venture Partners and Alexandria Venture Investments. The company will use this funding to accelerate the business and add to its team of more than 80 scientists, statisticians, engineers and advisors.
Your Vegetables Are Going to Be Picked by Robots Sooner Than You Think (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fda006df10&e=2715c96b29) - TechCrunch
Leading the charge in this robot revolution will be companies like Root AI, a young startup which has just raised $2.3m to bring its first line of robotic harvesting and farm optimization technologies to market.
UK: RootWave Raises $2.5M for Herbicide Alternative (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e207dc013f&e=2715c96b29) - AgFunder
The company has raised $1m in seed funding from angel investors and The Yield Lab, as well as a $1.5m grant from the EU's Horizons 2020 initiative. It is planning to launch next year by integrating its technology into automated weeders attached to tractors.
An Unsavory Scam? Company Accused of Diluting Chesapeake Blue Crab Meat with Imported Crab (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ca7c8afa0c&e=2715c96b29) - The Washington Post
The criminal case against the owner of Casey's Seafood highlights a larger problem: crab fraud across the entire seafood industry.
CRISPR Licensing Deal Could Lead to Better Traits in Food, Reduce Waste (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b3ff3d5895&e=2715c96b29) - Food Dive
J.R. Simplot said this week that it's the first agricultural company to achieve gene-editing licensing rights. It plans to use the technology to develop desirable traits in certain fruits and vegetables and bring them to the US market.
How Engineering the Climate Could Mess with Our Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eca92e9985&e=2715c96b29) - Wired
Scientists look at the eruptions of Mount Pinatubo and El Chichón to give us a glimpse at how geoengineering might affect a critical global system: agriculture.
No, Vertical Farms Won't Feed the World (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c306a999e9&e=2715c96b29) - GlobalEcoGuy
While they are well-intentioned, new indoor "farms" won't help feed the world or reduce the environmental impacts of agriculture. We would be better to focus our efforts elsewhere.
There's a Big Argument Brewing About What We Call Meat-Free Meat (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=76e3797cb8&e=2715c96b29) - Wired
As startups across the world race to bring slaughter-free meat to the market, it's forcing the industry to rethink how it defines meat.
Meat Doesn't Grow on Trees—But Maybe It Could (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=26253957a5&e=2715c96b29) - NEO.LIFE
A professor of biomedical engineering at Worcester Polytechnic Institute is growing muscle cells on spinach leaves. He believes plant leaves could give cultured meat a scaffold that also happens to be edible.
probiotics
EATERS
Probiotics Could Cause Brain Fogginess and Bloating (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3692fb82b8&e=2715c96b29) - Newsweek
If probiotics colonize the wrong part of the digestive system, such as the small intestine or stomach rather than the colon, this can cause problems.
As Microbiome Testing Firms Proliferate, So Do Questions About Their Claims (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d6859fe0ae&e=2715c96b29) - Stat News
Our understanding of the microbiome isn't advanced enough, nor are commercial tests precise enough, to guide customized health recommendations.
How Foodies Are Changing Industry Standards to Be More Transparent and Authentic (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=aa1443f517&e=2715c96b29) - AdWeek
Consumers want convenience and personalized experiences.
Can Food Network Survive in the Age of Netflix Cooking Shows? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ad19a1595d&e=2715c96b29) - Grubstreet
Food Network has mostly settled into a familiar format: a competition with a celebrity chef as host with contestants facing a time limit. Netflix has a wide range of food programming, and that's only going to increase with its plans to launch 50 unscripted shows this year.
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