Latest food tech and innovation news, jobs and events.
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food tech connect
investment report
FEATURED
2018 U.S. Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=978fab9c84&e=2715c96b29)
Over $1.45B was invested across 247 deals in 2018, according to the research in our second annual investment report produced in partnership with Ryan Willams. Check out the report for a deep dive into the investor and investment trends. We also share a complete list of deals and acquisitions.
Dairy and Meat Alternatives Stay on Top of US Food Investors' Mind (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d28af0aa51&e=2715c96b29) - Forbes
A new report from Food+Tech Connect reveals about one-third of the total funding went to dairy- and meat-alternative products.
Jay-Z Invests in Partake Foods, Alternative Meat to Become $140B by 2029 + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=859b229055&e=2715c96b29)
Our round-up of last week's top food innovation news.
beyond beef
CPG
Beyond Meat Debuts New 'Ground Beef' Product at Boulder, CO Whole Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f347990236&e=2715c96b29) - The Spoon
The company announced via social media that it is beginning to sell its Beyond Beef product in select Whole Foods.
Beyond Meat Stock Soars After First Quarterly Report Since IPO (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c30d7c78ef&e=2715c96b29) - CNBC
Beyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
Alkaline Water Is Booming and Big Soda Is Pouring In (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=29e3a0935d&e=2715c96b29) - Bloomberg
Big beverage companies are selling hydration with a higher pH level, even though benefits may be dubious.
Navigating the Fast-Changing Landscape of Bioplastics and Biomaterials (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1dcd012482&e=2715c96b29) - GreenBiz
Here are some major emerging biomaterial categories that are driving much of the news about "plant-based" products, from large commercial crops to marine life and ancient grains.
How Direct-to-Consumer Brands Can Avoid Startup Purgatory (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2bd63c7c67&e=2715c96b29) - VentureBeat
Many of the largest DTC startups are sitting on significant capital raises with no exit in sight. Here are a few approaches that minimize the need for significant VC, allowing companies to focus on profitability instead.
The 13 Siblings Who Saved Their Family By Creating a $300M Startup from Their Dying Dad's Protein Bar Recipe (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fcec65a3de&e=2715c96b29) - Forbes
Perfect Snacks did $84m in 2018 sales and are now sold in over 27k stores nationwide.
Beyond Meat Says One Overseas Market Has 'Desperate' Need for Plant-Based Protein (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=48330d9013&e=2715c96b29) - CNBC
Beyond Meat CFO Mark Nelson says that growth for the plant-based protein company is occurring everywhere from the US to Canada and Europe, but it is in Asia that the need for alternative meat is "desperate."
Brightland's Bold Future for an Ancient Product (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ca73dd671d&e=2715c96b29) - Life & Thyme
In California, Aishwarya Iyer's Brightland Olive Oil bridges gaps between cultures and generations at the intersection of education, function and design.
walmart inhome
RETAIL
Walmart Set to Deliver Groceries Into Your Home (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a2ec2b24f1&e=2715c96b29) - Fortune
The retailer plans to launch InHome Delivery to customers in Kansas City, Pittsburgh, and Vero Beach in the fall, with an expansion to more markets later on very likely.
Zippin Re-Launches Its Cashierless Checkout Store in San Francisco (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=121f8ce9da&e=2715c96b29) - The Spoon
The Zippin store is akin to Amazon Go both in its bodega-like size and cashierless checkout technology.
Jet.com First US Partner for UK Personalized Nutrition Company (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4765d96f0e&e=2715c96b29) - Nutra Ingredients
British company Spoon Guru, which uses artificial intelligence to help retailers offer consumers a personalized nutrition shopping experience, has announced Walmart-owned Jet.com as its first US partner.
Grocery Outlet Looks to Raise $250M in IPO (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=aa10457400&e=2715c96b29) - Grocery Dive
The retailer, which saw net sales of $2.5b in fiscal 2018, plans to use net gains from the IPO to repay outstanding term loans. Grocery Outlet estimates the IPO will reduce its debt from $854m to $610m.
UK Supermarket Sainsbury's Chews Over What Food Will Be Like in 2169, And It's Kind of Bonkers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=789686b9ae&e=2715c96b29) - AgFunderNews
Sainsbury has released its Future of Food Report, which chews over what our food systems will be like in 2025, then in 2050 — and finally, with an act of somewhat extraordinary ruminating — in 2169.
pizza
RESTAURANTS
Everyone Loves Pizza, Including VCs (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=859f2200e9&e=2715c96b29) - TechCrunch
A query of Crunchbase data rolled out more than 50 companies funded in the past couple of years that mention pizza in their business descriptions.
Fad Diets Come And Go, but Restaurants Are Finding Plenty of Success Catering to Health-Conscious Consumers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=46a4a79cf7&e=2715c96b29) - Forbes
Brands from Chipotle to Mooyah Burgers, Fries & Shakes to Dunkin' are generating sales lifts by adding menu items that help customers achieve their lifestyle goals.
Ranch with My Milkshake: Uber Eats Sheds Light on Weirdest Delivery Requests (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9589930fa8&e=2715c96b29) - USA Today
The company published the results in its first Cravings Report, featuring the most popular and weirdest delivery requests it received this year.
Save our Seeds
AGRICULTURE
Save Our Food. Free the Seed. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f155d69336&e=2715c96b29) - New York Times
Dan Barber states, behemoth agrochemical companies are failing to deliver what farmers need to grow and what people want to eat.
UK: Ocado Sows $22M 'Vertical Farming' Seed to Diversify (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1299efa278&e=2715c96b29) - Reuters
Ocado has formed a joint venture called Infinite Acres with 80 Acres Farms and Priva Holding, each holding a third of the equity. It has also acquired a 58% stake in Jones Food Company, Europe's largest operating vertical farm.
ADM Capital Leads $5m Round for Moleaer Expecting Boom in Nanobubble Tech for Indoor Ag (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a7451a9265&e=2715c96b29) - AgFunderNews
Nanobubbles can boost indoor farming and aquaculture yields as well as aid waste and filtration systems.
India: Pioneering Ventures Launches $70M Rural India Impact Fund for Agriculture and Food Sector (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8c5c04411a&e=2715c96b29) - YourStory
A Zurich- and Mumbai-based accelerator and investor has announced the launch of a $70m fund to make growth capital available exclusively to companies it has backed so far.
Israel: To Understand the Future of Food, Look to the Holy Land (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b733fd399c&e=2715c96b29) - Quartz
The tiny nation is a growing hub of innovators that are trying to solve our agriculture and water problems.
Organic Farming Has a Plastic Problem. One Solution Is Controversial (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f90090683&e=2715c96b29) - NPR
Many organic farmers rely on plastic as a form of mulch, but it ends up in landfills. Biodegradable plastic could help, but some worry about its long-term effects on soil health and the environment.
Microplastics Have Invaded the Deep Ocean — and the Food Chain (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fb727f0040&e=2715c96b29) - NPR
Giant gyres of plastic in the ocean grab headlines, but it's the tiny bits of plastic that scare scientists. And they've made their way everywhere, a new study finds — including in our seafood.
Landmark Farm Rule Aims to Protect Minnesota's Drinking Water (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=119955a145&e=2715c96b29) - Star Tribune
Hoping to cut nitrate levels in drinking supply, Minnesota is now regulating fertilizer use.
Netherlands Vegetable Seed Developer Wins World Food Prize (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=15123567c5&e=2715c96b29) - New York Times
A seed developer from the Netherlands credited with introducing high quality disease-resistant vegetable seeds to more than 60 countries is the 2019 recipient of the World Food Prize.
plastic
EATERS
Canada to Ban Single-Use Plastics (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4969f945e2&e=2715c96b29) - New York Times
Canada will ban single-use plastics as early as 2021.
A Study on Twins Offers Proof That We All Need Personalized Diets (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5e048fe696&e=2715c96b29) - Time
New research states the one-size-fits-all approach may not cut it for good nutrition. Different people, even identical twins, may respond to the same foods very differently, complicating decades of weight-loss and health advice.
'Food Doesn't Grow Here Anymore. That's Why I Would Send My Son North.' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=df118768e0&e=2715c96b29) - New York Times
A stark choice for some Guatemalans: watch crops wither, and maybe die with them, or migrate.
How a Fight Over Beef Jerky Reveals Tensions Over SNAP in the Trump Era (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=141dd00f2a&e=2715c96b29) - NPR
Retailers that accept SNAP benefits must stock a variety of staple foods, including a minimum number of fruits and vegetables, meat, dairy and grain options. Now there's a fight over what counts.
The Food World's Next Big Question: What Does Generation Z Want To Eat? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=572a9bc4e1&e=2715c96b29) - Forbes
The food world's focus is beginning to shift from Millennials to Generation Z, which is beginning to dine out and cook.
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LATEST JOB LISTINGS
Co-Founder / CEO - Dietary Supplement at Sugarbreak (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7dce5b7704&e=2715c96b29) - New York, NY
Product Marketing Manager - Crop Marketing at Farmers Business Network (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9e906da404&e=2715c96b29) - Chicago, IL
Sales Associate at BentoBox (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=59e4917fd4&e=2715c96b29) - New York, NY
Design Intern at Gotham Greens (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c1ff2ca737&e=2715c96b29) - Brooklyn, NY
Senior Manager of Social Media Marketing - Applegate at Hormel Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f91f31a8ab&e=2715c96b29) - Bridgewater, NJ
Warehouse Operations Specialist at Gustiamo (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0c4055cd91&e=2715c96b29) - New York, NY
Contract Manufacturing Operations Supervisor at Hope and Main (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=66a21bd804&e=2715c96b29) - Warren, RI
19066- Manager, Food Loss & waste Program at WWF (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=589a4b5629&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=0f9fff130a&e=2715c96b29) - Remote
Sales Operations Internship at SHELFMINT (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=239e2ae049&e=2715c96b29) - New York, NY
VP of Operations at Supermantural (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=48361b06d4&e=2715c96b29) - New York, NY
Account Manager at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c252561742&e=2715c96b29) - Portland, OR
Community and Marketing Manager at Banner Butter (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=16887e268a&e=2715c96b29) - Atlanta, GA
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