Latest food tech and innovation news, jobs and events.
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FEATURED
Food Waste Startups Raise $125M+, Sweetgreen Becomes a Unicorn, Blue Apron Lays Off 4% of Its Employees + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=66a685f0cf&e=2715c96b29)
Our round-up of this week's top news.
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EVENT
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It's not easy being a food entrepreneur. There's no road map for reinventing an industry.
That's why we've teamed up with ForceBrands (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=597eff4d76&e=2715c96b29) to celebrate failure in all its glory at Fail Friday (on a Thursday). Join us to hear stories of failure and lessons learned from top food entrepreneurs Erin Patinkin of Ovenly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0dab1d170e&e=2715c96b29) and Start to Sale (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=22b524d7a1&e=2715c96b29) , Ben Conniff of Luke's Lobster (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=12bc03b797&e=2715c96b29) , Chitra Agrawal of Brooklyn Delhi (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=774dc83e41&e=2715c96b29) and Nicola Nice of Pomp & Whimsy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=da2752a606&e=2715c96b29) .
Join Us! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=562a90ee6b&e=2715c96b29)
Kellogg's
CPG
Kellogg Exploring Sale of Keebler, Famous Amos and Fruit Snacks Business (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4cee675abc&e=2715c96b29) - CNBC
Kellogg is focusing on its morning foods, snacks and frozen foods brands, which it will consolidate into one unit. Brands like Eggo waffles and Froot Loops comprise 80% of its revenue.
Perfect Day Partners With ADM to Commercialize Animal Free Dairy Proteins (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ee4ccaecd9&e=2715c96b29) - FoodNavigator
Perfect Day, a high-profile Silicon Valley start-up producing casein and whey via microbial fermentation (minus the cows) has teamed up with global ingredients giant ADM to develop and commercialize its animal-free dairy proteins.
Flower Power: New CBD Beverages Offer Relaxation, Relief (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=af89fbce31&e=2715c96b29) - BevNet
With talks of an upcoming Farm Bill in the U.S. potentially clearing a path for opening the market for CBD products, BevNET speaks with several new CBD brands about their take on the trend.
These Food Industry Veterans Say That Building a Community Is the Most Important Part of a Food Startup (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2f544b7248&e=2715c96b29) - Entrepreneur
Real Good Foods started selling its chicken-crust pizzas online before making the push to get into stores.
Drinks For Thought: Nootropic Beverages Offer Brain Benefits (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2d74d7dcd2&e=2715c96b29) - BevNet
As the functional drink category grows, brands are embracing Nootropics, or "smart drug" beverages that promise better focus, memory and mental function.
The end of Pabst Blue Ribbon? Beer Giants Pop a Top on Bitter Court Battle (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=44745d0b53&e=2715c96b29) - NBC News
A half-billion-dollar battle is brewing between beer giants MillerCoors and Pabst.
PepsiCo Selects Ten Brands For Its Nutrition Greenhouse Incubator (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=47c2f0ac8f&e=2715c96b29) - FoodBev Media
Brands of plant-based seafood alternatives and bean-based snacks are among the ten start-ups selected to take part in PepsiCo's North American Nutrition Greenhouse.
Blue Apron
RETAIL
Blue Apron's Stock Falls 6% After the Meal Delivery Company Lays off 4% of Its Workforce (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9bde076591&e=2715c96b29) - Fortune
As revenue fell 28% from the same quarter in 2017, the layoffs are an effort to push the company closer to profitability.
Amazon's HQ2 Decision Proves Brick-and-Mortar Isn't Dead. But after $2 billion in Tax Breaks, Affordable Housing Will Be (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9ac94a91f9&e=2715c96b29) - New Food Economy
Amazon chose the country's two most powerful metro areas for its new headquarters. The choice signals the company's vast ambition in policy, media, and physical retail. But what will residents of Arlington and New York get in return?
The War Inside 7-Eleven (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=da00fe44d6&e=2715c96b29) - Bloomberg Businessweek
The company has been battling its store owners for years. It seems to have found a new tool: U.S. immigration authorities.
Starbucks Cuts 5% of Corporate Workers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1aeae9a6fe&e=2715c96b29) - Bloomberg
In an attempt to boost profit and appease apprehensive investors, Starbucks is laying off nearly 350 corporate employees.
India: Mayfield Invests in Micro-Delivery Grocery Startup Milkbasket (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d55c9cca36&e=2715c96b29) - VCCircle
Gurugram-based micro-delivery grocery service Milkbasket has raised a Rs 10 crore ($1.37M) funding round from US-based venture capital firm Mayfield Fund.
Sweetgreen
RESTAURANTS
Why $200 Million Will Make Sweetgreen The Next Big Thing In Delivery (And, Yes, A Unicorn) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=86bc2afa28&e=2715c96b29) - Forbes
Sweetgreen has raised a $200m financing round led by Fidelity Investments, valuing the company at more than $1b. Sweetgreen will use this funding to expand into other food categories, as well as to invest in its supply chain, technology and social impact.
Brazil: Movile Raises $400 Million For Its iFood Delivery Business (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=679228bac9&e=2715c96b29) - TechCrunch
The Brazilian technology conglomerate has just raised one of the largest rounds ever recorded for a Latin American startup, pulling in an additional $400 million for its iFood subsidiary from existing investors, including Naspers and Innova Capital.
My Coworkers Turned on Me When I Reported a Chef to HR (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db30787ac7&e=2715c96b29) - Eater
Ashley Goldsmith writes about her experience with reporting a chef for sexual harassment.
The State of Restaurant Delivery Now: Soggy Fries Vs. Rapid Growth (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ca23f0a53b&e=2715c96b29) - Skift Table
The delivery business is booming. There's a potential $200 billion in food sales shifting to delivery that's up for grabs over the next four years.
Closing Time (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=52f76ee05f&e=2715c96b29) - Danny Meyer
Danny Meyer writes about the importance of closing anything (specifically North End Grill in this case) with dignity, integrity and pride.
Australia: Deliveroo Rolls out Dynamic Distance Pricing for Customers and Riders (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=503e172133&e=2715c96b29) - NT News
The food delivery company ditched its flat $5 delivery fee in favor of dynamic pricing based on the restaurant's distance to the customer last month. As a result, it says 50%+ of its customers are saving on delivery fees.
America's 38 Essential Restaurants (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8c6ce61f24&e=2715c96b29) - Eater
Bill Addison's list of the fine dining stunners, neighborhood charmers, and regional vanguards that show us who we are and how we eat.
Food Waste
AGRICULTURE
More Than $125 Million Poured Into Food Waste Startups In 2018 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6433840038&e=2715c96b29) - Forbes
Food Waste startups have raised $125m in the first 10 months of 2018 alone, finds a new ReFED report.
John Boehner-Backed Pot Stock Goes Public With $2.8 Billion Value (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8f1dd0c559&e=2715c96b29) - Investor's Business Daily
Acreage Holdings joined the ranks of U.S. marijuana stocks trading in Canada Thursday, after completing a deal to go public that values the company at $2.8 billion and installs former House Speaker John Boehner and former Massachusetts Gov. Bill Weld on the board.
Trace Genomics Raises $13 Million To Give Corn And Soybean Farmers Insight Into Soil Health (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=02232e830c&e=2715c96b29) - Forbes
Trace Genomics, which uses machine learning to analyze soil samples for farmers, raised Series A funding round led by Stage 1 Ventures. It will use the capital to expand its soil-health offerings to farmers of row crops like corn and soybeans.
Indonesian Smart Fishery Platform eFishery Raises US$4M Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d536caebd6&e=2715c96b29) - E27
Aqua-spark, Wavemaker Partners, 500 Startups, Maloekoe Ventures, Social Capital and Unreasonable Capital participated in the round. Already available in 16 provinces in Indonesia, eFishery has started running pilot projects in Bangladesh, Thailand, and Vietnam.
CoverCress Raises $2m to Develop Gene-Edited Cover Cash Crop (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6b47a76fbc&e=2715c96b29) - AgFunder
Bayer Growth Ventures and BioGenerator co-led the bridge round. CoverCress is a plant breeding company using CRISPR gene editing tools to develop and grow a new cover crop based on the native plant pennycress.
The Organic Food Industry Forges Its Own Path to Expand Growth (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5f2e7ec05c&e=2715c96b29) - Civil Eats
After the failure of a mandatory checkoff program—a "Got Milk?" for organics—an industry group is creating a voluntary version to help move organic forward.
Scientists Warned This Weedkiller Would Destroy Crops. EPA Approved it Anyway. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ec8c1b1a88&e=2715c96b29) - Food & Environment Reporting Network
The agency based its decision on 'shockingly insufficient' company studies. Now millions of dollars in soybeans and other crops have been destroyed.
Great Jones
EATERS
Cookware Startup Great Jones Has Raised $3.35 Million From The Likes Of General Catalyst, David Chang (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bde62032f4&e=2715c96b29) - Forbes
The direct-to-consumer brand sells stylish, affordable pots and pans.
Tinker Kitchen, a 'Maker Space' For Food, Opens in the Mission (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c655fbd6e7&e=2715c96b29) - San Francisco Chronicle
Tinker Kitchen, a new "culinary maker space" in San Francisco's Mission District, opens Nov. 16, 2018. The space has dozens of pieces of high-tech kitchen equipment that even devoted home cooks won't likely own.
Tovala's Latest Smart Oven Looks and Feels a Little More Familiar (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dac4929904&e=2715c96b29) - Engadget
Tovala's new smart oven is priced at $349 and feels more like a regular oven.
France: Groupe SEB Acquires Cooking Site 750g (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e6d91e2b51&e=2715c96b29) - The Spoon
Groupe SEB, which owns a portfolio of small appliance and cookware brands, announced this week that it has acquired French recipe site and digital media publisher 750g International. Terms of the deal were not disclosed.
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LATEST JOB LISTINGS
Culinary Intern at The Culinary Edge (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b0ac0d1c8b&e=2715c96b29) - San Francisco, CA
Marketing Manager at Good Stock (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a423eef070&e=2715c96b29) - New York, NY
Senior Manager, Enterprise Sales, Food & Beverage at Indigo Ag (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bf17d1498f&e=2715c96b29) - Boston, MA
Sales Associate at Ark Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ba22628612&e=2715c96b29) - Brooklyn, NY
VP of Operations at Prairie (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5830072dd3&e=2715c96b29) - Boulder, CO
Director of People Operations at Perfect Keto (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d0af5f78c6&e=2715c96b29) - Austin, TX; Chicago, LM; San Francisco, CA; Remote
Sales Associate at Baldor Specialty Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e63734d4fc&e=2715c96b29) - New York, NY
Sales Executive at Baldor Specialty Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b1ccd0e31c&e=2715c96b29) - New York, NY
Market Specialist at Baldor Specialty Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=81ac6cd50a&e=2715c96b29) - Beer & Wine - New York, NY
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