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=d56288c4bb&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.
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=cc9f150a7f&e=2715c96b29)
Our round-up of this week's top food innovation news.
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Calling Food Tech Innovators
Applications are open for the Chobani™ Food Tech Residency! Chobani™ brings emerging tech startups to the front lines of its food manufacturing to work side-by-side with Chobani™ leadership and help build solutions to the industry's biggest sustainability challenges. Apply today at chobaniincubator.com/foodtech and learn more at one of their upcoming happy hours in New York (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5daac1ad74&e=2715c96b29) , San Francisco (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f1de52e78&e=2715c96b29) , or Boston (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4b81f8a42a&e=2715c96b29) .
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CBD
CPG
Many Unanswered Questions, Concerns about CBD Products, Says FDA Acting Chief at First Public Hearing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7e295c84c1&e=2715c96b29) - The Washington Post
You can buy CBD in oils, supplements, soda, even dog food. But very little of it is legal, prompting concerns over safety and deceptive marketing.
Specialty Food Industry Sales Reach New High, Nearing $150B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=77380b47db&e=2715c96b29) - Progressive Grocer
Specialty food sales increased 9.8% between 2016 and 2018. Online sales have grown 41% since 2016.
Cocoa's Child Laborers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f9022843e9&e=2715c96b29) - The Washington Post
Mars, Nestlé and Hershey pledged nearly two decades ago to stop using cocoa harvested by children. Yet much of the chocolate you buy still starts with child labor.
Plant-Based Meat Maker 'Before the Butcher' Acquired by Owners of Ground Beef Company (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3a9274ac2c&e=2715c96b29) - Entrepreneur
The company says the acquisition will allow the two-year-old startup to be able to compete in an increasingly competitive market.
Munich-Based YFood Labs Secures €4.2M in Series A Funding to Bring Healthy, Fast Food to Millennials (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=77e9184779&e=2715c96b29) - EU Startups
Five Seasone Ventures led the round. YFood intends to use the funds to further strengthen its market position in the DACH region by widening its product portfolio, and growing the size of the team.
DNA-Based Personalized Sports Nutrition Ready for Prime Time,' Nutrigenomic Study Says (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=175fa92dcc&e=2715c96b29) - Nutra Ingredients
Genetic testing for personalizing sports nutrition remains a supplementary tool suitable for use in guiding nutritional strategies to optimize athletic performance.
Campbell Soup Stock Is Hot, Thanks to a Surge in Snack Sales (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1ccfccd96a&e=2715c96b29) - Barron's
Snacks led the way to an earnings beat for Campbell Soup, and the stock was soaring in Wednesday trading. The company also outpaced expectations for quarterly revenue.
4 Trends Driving Foodtech Innovation In China (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a90f1c77f5&e=2715c96b29) - Forbes
Economists around the world have closely watched Chinese consumers for several years as indicators of global economic growth. Keep a close eye on the Chinese consumer because she can be fickle; trends frequently come and go.
China State-Owned Food Group COFCO Partners with Bits x Bites to Accelerate Food Tech Innovation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=28e1090d55&e=2715c96b29) - AgFunder
The goal of the partnership is to power the development of agriculture and food tech innovation in China by opening up COFCO's resources to qualifying tech companies.
Vita Coco Maker Thirsts for Aluminum As It Enters Competitive Bottled Water Space (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b12e7c90de&e=2715c96b29) - Food Dive
The product called Ever & Ever educates consumers about the sustainability of the metal in a beverage segment where plastic is the most common packaging
How Mochi Ice Cream Went from Obscure Treat to More Than $100M in Sales (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1b64f61c87&e=2715c96b29) - Entrepreneur
My/Mo Mochi Ice Cream is the biggest brand behind the category, and it got there through an acquisition and millennial targeting.
Alcohol Brands Have Set Their Blurry Sights on the Slippery Concept of Wellness (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6287703866&e=2715c96b29) - Eater
From paleo- and keto-friendly wine to CBD-spiked seltzer, booze companies are trying to court wellness-obsessed millennials.
Virtual Reality Demo Shows How Location Can Impact Taste (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=56dcf0adc4&e=2715c96b29) - Food Dive
Research could improve food company marketing and help manufacturers understand when people eat less healthy snacks — and nudge them toward something better.
Lowville Had Lots of Water. Then String Cheese Came to Town. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1426100a62&e=2715c96b29) - Wall Street Journal
Kraft Heinz's status as a revered employer in upstate New York was tested when a thirsty new cheese operation put a strain on local lawns.
prime air
RETAIL
Here's Amazon's New Transforming Prime Air Delivery Drone (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b576fe43bb&e=2715c96b29) - The Verge
Amazon has unveiled the latest version of its Prime Air delivery drone, a hybrid aircraft that's capable of vertical takeoff and landing as well as sustained forward flight. The company wants to launch a delivery service using the drone in the coming months.
India: With an Eye on Expansion, MilkBasket Raises $10.5M Led by Unilever Ventures (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4541622975&e=2715c96b29) - Inc42
Mayfield India, Kalaari Capital and Blume Ventures also participated in the round. The funds will help the company focus on hiring, geographical expansion and customer-centric innovation.
Jet.com First US Partner for UK Personalized Nutrition Company Spoon Guru (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9eead3971c&e=2715c96b29) - Nutra Ingredients
The company uses artificial intelligence and machine learning to classify food products and recipes in its database.
Grocery Store Workers Are at Their Breaking Point (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a0dacb60a9&e=2715c96b29) - Eater
Elizabeth Warren and Joe Biden are showing up to picket lines to support overworked and underpaid grocery store workers. When will the rest of the country care?
Cold Is the Hottest New Real Estate Investment (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=28de4cb769&e=2715c96b29) - CNBC
Cold storage warehouses and distribution centers are suddenly in high demand, thanks to new food delivery services such as Peapod by Giant, Amazon Fresh and Blue Apron.
Goodr Partners with Roadie to Scale Up Surplus Food Donations to Those in Need (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db9cee4fa2&e=2715c96b29) - The Spoon
The new partnership will allow Goodr to quickly expand its services across the country. Roadie raised $37m earlier this year and has already partnered with Walmart to provide same day grocery delivery.
Can Grocers Make In-Store Meal Kits Work? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8ec398ec64&e=2715c96b29) - Grocery Dive
Demand is growing, but questions remain over shelf life, in-store merchandising and 'right-sizing' assortment.
compostable
RESTAURANTS
The Boom in Eco-Friendly Tableware Is Causing Chaos at Restaurants (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=24eebcac7d&e=2715c96b29) - New Food Economy
Compostable bowls and cutlery are a well-meaning logistical nightmare for front-of-house staff. But returning to reusables can be complicated.
Pei Wei Asian Diner Acquired by PWD Acquisition (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7d1f745ff4&e=2715c96b29) - Nation's Restaurant News
Pei Wei, which was spun off from parent P.F. Chang's China Bistro, has 193 restaurants. Financial terms were undisclosed.
James Beard Foundation Announces Fellows for 2019 Women's Entrepreneurial Leadership Program (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=752be387bb&e=2715c96b29) - Food & Wine
This is the program's third year helping women entrepreneurs scale their businesses.
Thomas Keller Faces Pregnancy Discrimination Trial Starting Today (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1d0920ac66&e=2715c96b29) - Eater
A former Per Se captain claims that she was pushed out of the company after she became pregnant.
Uber Eats Uber Eats, Embedding It in the Main App (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6c79488a9b&e=2715c96b29) - TechCrunch
Uber's best hope to beat all its ride sharing and food delivery competitors is that it does both. Through cross-promotion, it can combine activities people might only do a few times per week or month into a product they open daily.
Food or Technology? Restaurants Struggle with 'Split Brain' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9330ec3c34&e=2715c96b29) - Restaurant Dive
Startups eatsa and Yumpingo shifted their food-first missions as restaurants wrangle with how to evolve with new technologies.
Blockchain, 5G Could Transform Restaurants. Are They Ready? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d80195143a&e=2715c96b29) - Restaurant Dive
These solutions will dramatically impact the industry's ability to trace and monitor products and automate processes, but many operators are behind in current tech adoption.
agtech landscape
AGRICULTURE
AgTech Landscape 2019: 1,600+ Startups Innovating on the Farm and in the 'Messy Middle' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b90a251a35&e=2715c96b29) - AgFunder
Seana Day, partner at Better Food Ventures and The Mixing Bowl, is now tracking 1,600+ startups globally and today releases her latest market map.
Corn That Won't Get Planted This Year Could Shatter All US Records (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=691b05eacc&e=2715c96b29) - Bloomberg
Rabobank is predicting an unprecedented number of unplanted acres of corn. A Bloomberg survey indicates growers could file insurance claims for about 6m corn acres they haven't been able to sow, almost double the record in 2013.
Israel: Reinventing Agriculture: From Drip Irrigation to Smartphone Farming (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0711896dcf&e=2715c96b29) - The Jerusalem Post
Every 10 minutes, SupPlant's algorithm analyzes the weather forecast and data collected by sensors on the ground, stem and fruit to decide whether to supply water to the crops.
Indiana Salmon Hatchery to Raise the Nation's First Genetically Modified Animal Cleared for Human Consumption (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=81dfb9e790&e=2715c96b29) - Chicago Tribune
AquaBounty Technologies received its first batch of bioengineered eggs Wednesday, and the first salmon fillets raised there could appear in US supermarkets in late 2020.
FoodShot Announces Winners of Soil 3.0 Challenge inc Trace Genomics & Carbon Sequestration Measurement (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d43ba67a1b&e=2715c96b29) - AgFunder
The multi-stakeholder investment platform catalyzed $3m in equity investment soil microbiome testing startup Trace Genomics and $535k in grant funding for three research projects.
Dairy Farmers Have Another Thing to Worry About: Swine Fever (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=22b5e71587&e=2715c96b29) - Bloomberg
Yet another market is being shaken up by the African swine fever raging in Asia: Surprisingly, it's US dairy farmers.
lunch
EATERS
A Global Trade War Could Boost America's Lunch Bill by $875M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8b1e1a7459&e=2715c96b29) - Bloomberg
The growing threat of an all-out global trade war means Americans may have to fork out more cash at lunchtime.
11,000 People Who Prepare Your Airline Food Are Considering a Strike (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=36d0aa9b1a&e=2715c96b29) - New York Times
A shortage of controllers hastened the end of the government shutdown this year. Now catering employees hope a similar dynamic will help them win better pay.
Coffee Doesn't Warrant a Cancer Warning in California, Agency Says (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c121bf3089&e=2715c96b29) - Wall Street Journal
The coffee industry scored a win in California on Monday with the passage of a rule clarifying that the popular beverage doesn't require a cancer warning.
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LATEST JOB LISTINGS
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Design Intern at Gotham Greens (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1b9cef59bc&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=a532bf33ae&e=2715c96b29) - Bridgewater, NJ
Warehouse Operations Specialist at Gustiamo (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7a32c5980f&e=2715c96b29) - New York, NY
Contract Manufacturing Operations Supervisor at Hope and Main (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=81382b2839&e=2715c96b29) - Warren, RI
19066- Manager, Food Loss & waste Program at WWF (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0627965e33&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=f9ee2f82ef&e=2715c96b29) - Remote
Sales Operations Internship at SHELFMINT (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=271ad6950b&e=2715c96b29) - New York, NY
VP of Operations at Supermantural (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=acdf28c8ac&e=2715c96b29) - New York, NY
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Community and Marketing Manager at Banner Butter (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=886f91824b&e=2715c96b29) - Atlanta, GA
Catering Coordinator at Clover Food Lab (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e0283e9bbc&e=2715c96b29) - Boston, MA
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