Latest food tech and innovation news, jobs and events.
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Snacks
FEATURED
DoorDash's $12.6B Valuation, Kroger to Eliminate Plastic Bags + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e95709ce5e&e=2715c96b29)
Our round-up of this week's top food innovation news.
Startups Are Pushing Big Companies to Think Outside the Box (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0291a109f9&e=2715c96b29) - Food Tank
Leaders from Food Tank, Detroit Dirt, Mondelēz International and Food+Tech Connect came together at Seeds&Chips to discuss consumer snacking habits and how businesses can create delicious foods that are kind to the planet.
Grassfed
CPG
Perdue Farms to Acquire Grass-Fed Beef Brand Panorama Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=297ef63786&e=2715c96b29) - Food Dive
Financial terms were not disclosed. The Panorama brand will join a growing list of sustainable premium meat companies within Perdue Farms.
Israel: International Group to Invest $100M in Israeli Foodtech (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7ca00173da&e=2715c96b29) - Bloomberg
Crowdfunding investment platform OurCrowd is joining forces with agri-food technology investor Finistere Ventures and two food and beverage companies to invest $100m in Israeli startups.
FDA Kicks Off Review of CBD with 140 People Scheduled to Testify at First Public Hearing Friday (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=633826135a&e=2715c96b29) - CNBC
The FDA is taking its first big step toward deciding whether companies can add CBD to food, beverages and dietary supplements.
Cusa Tea Closes $2.5M Series A Round (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=496faa6856&e=2715c96b29) - BevNet
Break Trail Ventures and S Cap led the round. The new funding will go towards supporting distribution growth and the development of new products.
China: Mung Bean-Based Egg Substitute Debuts in Chinese Market (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a8fbea226b&e=2715c96b29) - Food Navigator
JUST has launched in China, following rollouts in the North American and European markets.
Investing in the Future of Food: Patient Capital Can Give Entrepreneurs a Leg-Up When Seeking VC Funds (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f4bc4020cd&e=2715c96b29) - Food Navigator
Routine headlines about venture capital investments into startups may give the impression it's the best way to scale a business, but one insider believes the model is far from perfect and could do more harm than good for the majority of entrepreneurs.
Ben & Jerry's Announces Plans to Make CBD-Infused Ice Cream (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db756a49e5&e=2715c96b29) - The Guardian
Long known for stoner-hinting flavors, the ice cream maker plans to add CBD to its products as soon as it is legalized at the federal level.
Family-Run Latin Food Giant Goya Weighs Possible $3B Sale (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0e490182ba&e=2715c96b29) - CNBC
Goya, one of the most iconic names in Latin American cooking, has hired investment bank Goldman Sachs to weigh options that could include a sale. It has roughly $250m in earnings, and could fetch $3b.
Canada: How Sproutly's Fast-Acting Cannabis Extract Could Be a Game Changer for Edibles (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=09e2bbea5f&e=2715c96b29) - Food Dive
The company, which has developed a revolutionary water soluble option containing the drug, could appeal to consumers interested in clean label food and beverage products.
PepsiCo Patents Process to Co-Ferment Oat Flour and Dairy Milk (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f23a9d7a39&e=2715c96b29) - Food Dive
A process to ferment oat flour and dairy milk together has been patented by PepsiCo-owned Quaker Oats, signaling that drinkable or spoonable clean-label products such as yogurt could be coming from the well-known legacy brand.
The Race to Produce a Slower-Growing Chicken (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=64b6b1fe6e&e=2715c96b29) - Civil Eats
The co-founder of Blue Apron is banking on a new model for bringing pasture-raised chicken to the masses. But carving out a niche in a complex, crowded market won't be easy.
Dehydration Makes These Snacks a Food Waste Solution of the Future (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3497c775c5&e=2715c96b29) - Fast Company
With its exclusive drying technology, Treasure8 sucks the moisture from fruits, vegetables, and food scraps that would otherwise go to waste and transforms them into next-generation snacks.
Kroger Plastic Bags
RETAIL
Kroger, Nation's Largest Grocery Chain, Eliminates Plastic Bags (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f5ae38f9e8&e=2715c96b29) - CBS News
The retailer will phase out the use of plastic bags in its stores by 2025. The grocer orders about 6b bags each year.
Aldi Launches New Vegan Meat Line (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7490d23fc&e=2715c96b29) - Deli Market News
The retailer gets in on the meatless meat hype with its latest product range, featuring sausage, burgers and more.
Ikea to Roll Out New Vegan Swedish 'Meatballs' Starting This Fall (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9e0b35a433&e=2715c96b29) - Bloomberg
Ikea is close to finalizing its new item, with in-store testing planned for this fall before a global rollout in summer 2020.
Australia: Coles to Start Selling 'Ugly' Fruit and Vegetables at a Discount (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8991fb3256&e=2715c96b29) - The Age
Coles shoppers will be able to buy 'ugly' fruit and vegetables at reduced prices as the supermarket giant seeks to reduce its food waste.
Peapod Links Up with Food Writer Mark Bittman (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0cd4161ab3&e=2715c96b29) - Grocery Dive
Peapod will make several of Bittman's recipes shoppable through its website, enabling a click-to-cart format that allows customers to purchase ingredients directly from the recipes.
Retailers Cash in On Premium Pet Product Sales (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=77d7c0e7bc&e=2715c96b29) - Grocery Dive
Pet owners in North America are on track to spend $281b on premium pet products by 2023.
doordash
RESTAURANTS
DoorDash, Now Valued at $12.6B, Shoots For The Moon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=43e7beab7e&e=2715c96b29) - TechCrunch
The delivery startup now has an extra $600m in firepower to continue gaining market share in the US and Canada. The company was valued at $1.4 billion just last year. New investors Darsana and Sands Capital participated in the round along with existing investors.
Impossible Whopper Boosted Burger King Traffic by 18%, Report Says (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=be2cc02ab1&e=2715c96b29) - CNBC
Locations in Burger King's Impossible Whopper test market, St. Louis, outperformed the chain's national foot traffic average by 18.5% in April.
India: Paytm May Lead $15M Funding in Food Catering Platform Hungerbox (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2cdb4681da&e=2715c96b29) - Economic Times
The move marks Paytm's entry into the organized food tech for institutions category and will help it tap into the high-frequency B2B food ordering business.
Food Delivery Apps Are Drowning China in Plastic (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b203d86ba7&e=2715c96b29) - New York Times
The noodles and barbecue arrive within 30 minutes. The containers they come in could be around for hundreds of years thereafter.
Russia: Delivery App Orders Restaurants to Cook Almost Whatever You Want (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2b0b117ef0&e=2715c96b29) - Bloomberg
Russia's largest tech company, Yandex, is launching a delivery service that allows customers to tell a restaurant what to cook, whether it's on the menu or not.
Chick-fil-A's AI Can Spot Signs of Foodborne Illness from Social Media Posts with 78% Accuracy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ea689df55a&e=2715c96b29) - VentureBeat
The fast food chain is using algorithms to parse social media for food safety issues at its over 2.4k restaurants in 47 states. The company plans to release the code on GitHub in the future.
Delivery Apps Aren't Getting Any Better (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=933d4fc6f1&e=2715c96b29) - Eater
The lawsuit against Grubhub is just the latest in the battle between restaurants and third-party deliverers.
The Future of Restaurant Technology and the Role of AI (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fd699ec967&e=2715c96b29) - Forbes
From robots that take your order to automated self-pay kiosks, restaurant technology continues to evolve. Raj Suri, the CEO of Presto and co-founder of Lyft, discussed the future of restaurant technology.
Presidential Candidates
AGRICULTURE
Where the 2020 Presidential Candidates Stand on Food and Farming (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d977ab312c&e=2715c96b29) - Civil Eats
We'll be tracking policy positions and public statements so you don't have to.
DecisionNext Raises $7M Series A to Forecast Agricultural Commodities Pricing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=043a03e689&e=2715c96b29) - AgFunder
Dalus Capital led the round, which will help DecisionNext build out its sales team so that it can expand on its existing markets in North America, Asia Pacific and Europe.
USDA Unveils $16B Farmer Assistance Program (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b1ba1f5d60&e=2715c96b29) - Meat + Poultry
Surplus processed foods, meat and dairy are slated for distribution to food banks, schools and other entities that serve low-income individuals. About $14.5b will be direct payments to producers of grain and oilseeds, dairy and tree nuts.
Who Are the Most Active AgriFood Tech Investors? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2502bd5111&e=2715c96b29) - AgFunder
Ten of the most active agrifood tech investors include Y Combinator, S2G Ventures, Hatch, 500 Startups, AgFunder and more.
Plant-Based and Cell-Cultured 'Meat' Labeling Under Attack in 25 States (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ccb0836d94&e=2715c96b29) - Food Navigator
Bills have been introduced in 25 states and have already passed in Mississippi, Oklahoma, Arkansas, Missouri, Montana, South Carolina, North Dakota and South Dakota.
Farm Tech & Supply Chain Tech Drive $1.6B in Funding to European AgriFood Tech Startups in 2018 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4c91bf0d02&e=2715c96b29) - AgFunder
Europe's agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018.
Glyphosate Use Increases Dramatically Across the Midwest (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7c7b84b5e6&e=2715c96b29) - New Food Economy
New data analysis shows that lawsuits and decreasing effectiveness don't seem to be slowing usage of this controversial pesticide.
Regenerative Agriculture Is Getting More Mainstream But How Scalable Is It? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=754ca28463&e=2715c96b29) - AgFunder
Large companies have the funding for sustainability initiatives to back these efforts—and the tech to support it even further. But for smaller-scale, family farmers looking to transition, it does come with a cost.
American Soil' Is Increasingly Foreign Owned (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ae88dccafa&e=2715c96b29) - NPR
The number of acres of US farmland held by foreign-owned investors has doubled in the past two decades, raising alarm bells in farming communities.
Moneyball for Cattle Is Creating an American Steak Renaissance (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=deabc3c1ac&e=2715c96b29) - Bloomberg
A strong economy and a genetic focus on marbled meat is paying off for steakhouses and ranchers.
China Faces Long Struggle to Tackle African Swine Fever (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b59c914a0c&e=2715c96b29) - Reuters
It will take years for China to contain the deadly African swine fever virus that has spread throughout the country, which is the world's biggest pork producer.
The Aquaculture Industry Is Trying to Take Fish Out of Fish Food. Are Microalgae the Solution? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f3108bb29b&e=2715c96b29) - New Food Economy
A NASA-developed technology originally meant to sustain astronauts is changing the way farmed fish are fed—and may help aquaculture overcome a surprising environmental liability.
Farmers Are Using Twitter to Document the Disastrous Effects of Climate Change on Crops (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5c381f38f5&e=2715c96b29) - Eater
A terrible, wet planting season is threatening US crops, and farmers are live-tweeting it.
US-Mexico Border
EATERS
Some 60M Pounds of Imported Produce Could Get Dumped at the US-Mexico Border Every Year. Here's Why — and Who Is Rescuing It. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=299cb74966&e=2715c96b29) - New Food Economy
Community organizations have seized the opportunity to keep the local landfill from being the final resting place for tons of healthy, nutritious food. Instead, they deliver it to hungry people on both sides of the border.
Food Banks Are Drowning in Milk China Won't Buy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d585c303e5&e=2715c96b29) - New Food Economy
It's rare that we see such a direct connection between purchases made to support farms and food distributed to hungry families. What's clear is that this program is designed to help farmers, and food pantries are the afterthought.
Energy Drink Consumption Is Rising in the US (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f2f19cb9d&e=2715c96b29) - Reuters
Americans are consuming more energy drinks, with a notable increase among young adults.
Flying With CBD? TSA Says It's Cool (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a8828270b7&e=2715c96b29) - Leafly
Over the Memorial Day weekend, the TSA announced that its agents won't hassle you over a little CBD.
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LATEST JOB LISTINGS
Contract Manufacturing Operations Supervisor at Hope and Main (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1df51ff5f4&e=2715c96b29) - Warren, RI
19066- Manager, Food Loss & waste Program at WWF (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5a77778113&e=2715c96b29) - Washington DC, MD
Senior Scientist — Plant-Based Specialization at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0926a06d3c&e=2715c96b29) - Remote
Sales Operations Internship at SHELFMINT (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=55a79cc2ef&e=2715c96b29) - New York, NY
VP of Operations at Supermantural (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=24790005dd&e=2715c96b29) - New York, NY
Account Manager at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=932b634123&e=2715c96b29) - Portland, OR
Community and Marketing Manager at Banner Butter (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=453e76f2da&e=2715c96b29) - Atlanta, GA
Catering Coordinator at Clover Food Lab (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=903fe7dd02&e=2715c96b29) - Boston, MA
Sr. Sensory Science and Insights Manager at Land O' Lakes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=acab98c1ec&e=2715c96b29) - Arden Mills, MN
Kitchen Staff @ Fast Growing Beverage Startup at Sweet a Little (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e6d4244177&e=2715c96b29) - San Francisco, CA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=54986ff08a&e=2715c96b29) - San Francisco, CA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7332f924f1&e=2715c96b29) - Boston, MA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ced4efdf81&e=2715c96b29) - Miami, FL
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