Latest food tech and innovation news, jobs and events.
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FEATURED
2018 U.S. Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d9b1be858a&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. Plant-centric alternatives to meat and dairy accounted for one-third of total investment in food and beverage startups in 2018. Check out the report for a deep dive into last year's investor and investment trends.
Top European Meat Brand Goes Vegan, Impossible Foods Explores Fish + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=337ff2bd36&e=2715c96b29)
Our round-up of this week's top food innovation news.
perfect snacks
CPG
Mondelēz Acquires Perfect Snacks to Build Out Snacking Portfolio (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b0cf632a0a&e=2715c96b29) - Nosh
Financial terms of the deal were not disclosed. In 2018, Perfect Snacks generated $70m in net revenue.
What Cannabis Edibles on Canadian Shelves Means for the US (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c29ad4e2c2&e=2715c96b29) - Food Dive
Canada will allow some cannabis-infused products — edibles, beverages, topicals and extracts — to be sold in stores in December. Health officials said companies wanting to sell products containing cannabis can apply starting July 15.
Israel: DouxMatok Raises $22M Series B to Commercialize Sugar Reduction Tech (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3926c33bc0&e=2715c96b29) - AgFunder
BlueRed Partners led the round. The new funding will be used to help DouxMatok commercialize its product.
Caulipower's New Chick on the Block Gives 'Category-Busting Nutritional Makeover' to Frozen Chicken Tenders (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6727a3df71&e=2715c96b29) - Food Navigator
After disrupting the frozen pizza category, Caulipower and Vegolution Foods are trying their luck again on another iconic American comfort food: frozen chicken tenders.
Campbell Promises Bone Broth, 'Plant-Based Cooking Platform' As It Looks to Reinvent Its Soup Business (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=470e0eb70c&e=2715c96b29) - CNBC
Sales of Campbell's soup have fallen 4% over the past year. CEO Mark Clouse has listed a number of new innovations the company is planning, many of which will aim to take advantage of recent trends in wellness.
Investing in the Future of Food: ForceBrands Shares How to Recruit & Retain Talent on a Startup's Budget (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6c397e93a6&e=2715c96b29) - Food Navigator
Companies eager to remain competitive with their hiring strategies have options beyond just offering a high base salary.
In Second Phase of Growth, Foodstirs Rebrands & Launches Ready-to-Eat Line (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=aaadc62a13&e=2715c96b29) - Nosh
Baking mix maker Foodstirs is executing a comprehensive brand makeover that includes new packaging, logo, tagline and formulation, as well as the launch of a new ready-to-eat line of baked treats.
Navigating the Startup Ecosystem: Platform Opens Agri-Tech to VCs Accelerators and Incubators (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f3357455ee&e=2715c96b29) - Food Navigator
Forward Fooding is a collaborative platform that aims to link startups with established industry players from the food and beverage industry.
Parmela Creamery Raises $1.25M to Become 'A National Leader in the Plant-Based Cheese Category' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=28f92238f8&e=2715c96b29) - FoodNavigator
Funding was led by 25Madison, and will be used to fuel growth, strengthen brand awareness and support new innovation.
walmart
RETAIL
Walmart Grocery Is Now Offering a $98 Per Year 'Delivery Unlimited' Subscription (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e2cb4db9a6&e=2715c96b29) - TechCrunch
Walmart is taking aim at Instacart, Target's Shipt and Amazon Prime Now/Whole Foods with a new grocery delivery subscription service called simply, "Delivery Unlimited."
Nissan's Zero-Emission Ice Cream Van Uses Old EV Batteries to Keep Things Cool (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=efb1000849&e=2715c96b29) - TechCrunch
Nissan has developed a new concept vehicle that addresses the problem of all the emissions generated by conventional ice cream vans in partnership with Mackie's of Scotland.
Skupos Raises $26M in Series B Financing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7f87970135&e=2715c96b29) - Convenience Store Decisions
Funding was led by Insight Partners and Unilever Ventures to support product development and strategic expansion. Skupos works with over 7,000 retail locations across all 50 states to help convince retailers gain insights from their POS data.
This Startup Wants to Remake the Last Mile of Parcel Delivery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=85cb059baf&e=2715c96b29) - Wired
Boxbot is building self-driving delivery vans, plus an automatic loading system. Humans would still help when needed to open gates or climb stairs.
Automatic Checkouts Will Affect More Than Store Operations (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bbab752d48&e=2715c96b29) - CB Insights
Automatic checkouts will clearly impact retailers' labor planning, adding to inventory visibility to help product in-stocks. But store operations are just one element of this equation.
Thrive Market Halts Sales of CBD Products (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dafe13bb23&e=2715c96b29) - Grocery Dive
The company will begin removing them from its site today after its payment processor demanded the sales be stopped. It is already in talks with other payment providers and expects to have ethical, sustainable CBD items back on the market again in the coming weeks.
Plastic Wrapped in Plastic: the Wasteful Reality of America's Grocery Stores (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3224b0ddb0&e=2715c96b29) - The Guardian
On a shopping trip to Trader Joe's, Whole Foods and other leading markets, plastic feels more plentiful than the food itself.
From T-Shirts to Ice Cream, Kroger Pushes House Brands in Grocery Wars (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=851110f453&e=2715c96b29) - New York Times
By churning out trendy new house-brand items, Kroger hopes to tap into broad sales growth for private labels. The push comes as grocers compete fiercely on price and race to expand online ordering and delivery.
Here's How Technology Could Change Supermarkets in the Next 10 Years (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b34e650092&e=2715c96b29) - AgFunder
A new report predicts that technology will be a big player in the rapidly-transforming supermarket segment, including everything from streamlining back-end logistics to rendering checkout lines obsolete.
7-Eleven Launches Quake to Shake Up the Energy Drink Market (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fdc0b2b29e&e=2715c96b29) - Food Dive
As the energy drink space becomes increasingly crowded, 7-Eleven's Quake will need to stand out to be a success. The product combines a number of on-trend, better-for-you qualities.
zume
RESTAURANTS
Ending Plastic in Food Delivery with New Packaging (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c271b2e7c6&e=2715c96b29) - Forbes
As online food delivery services grow, the amount of plastic they generate is also increasing. In a recent interview, Alex Garden, CEO and chairman of Zume Inc., shared how his company is trying to end the plastic problem.
Ikea Is Now the World's 6th Largest Food Chain, and It's Testing Delivery to Your Door (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f19b8b628&e=2715c96b29) - Fast Company
The company is currently testing the service in Paris. If the pilot is successful, it may expand to Spain and other European markets.
FAT Brands Buys Elevation Burger for $10M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a4a7457626&e=2715c96b29) - Nation's Restaurant News
The acquisition takes the parent company's unit count to more than 400 restaurants worldwide. Its annual systemwide sales will exceed $400m.
The Evolution of Third-Party Delivery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=55b36158e1&e=2715c96b29) - Forbes
Third-party delivery is arguably one of the greatest disruptors the restaurant industry has encountered.
Finland: Finnish Food Delivery App Wolt to Hire 1K After New Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0912314764&e=2715c96b29) - Bloomberg
Food delivery startup Wolt Enterprises has landed $130m in new investment to increase its European expansion and fund a hiring spree. The investment was led by Iconiq Capital.
India: Biryani By Kilo Raises INR 30 Cr From IvyCap Ventures As It Tastes Expansion (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=12614098e7&e=2715c96b29) - Inc42
The funds will be used to expand presence in West and North India as well as to improve its technology.
Anthony Bourdain Scholarship Created to Help Culinary Students Study Abroad (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ead48a0cd0&e=2715c96b29) - Eater
Eric Ripert and Jose Andrés worked with the Culinary Institute of America on this tribute to the Parts Unknown star.
Taco Bell Will Not Be Adding Fake Meat from Beyond Meat or Impossible Foods to Its Menu (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=68b41cb566&e=2715c96b29) - CNBC
The chain will focus on promoting its own vegetarian options instead of adding Beyond Meat or Impossible Foods products to its lineup.
IGS
AGRICULTURE
Scotland: £5.4M Funding Boost for Scottish Vertical Farm Firm (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=abf536f50c&e=2715c96b29) - BBC
Intelligent Growth Solutions has received funding from S2G, AgFunder and the Scottish Investment Bank in order to create jobs and increase development.
Lab-Grown Dairy: The Next Food Frontier (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2aeb0b0248&e=2715c96b29) - New Food Economy
Plant-based milks and lab-grown meat are getting a lot of attention right now. What about lab-grown dairy?
Impossible Foods and Regenerative Grazers Face Off in a Carbon Farming Dust-Up (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=04b02f1adb&e=2715c96b29) - Civil Eats
The plant-based burger company called regenerative grazing the "clean coal of meat" in a recent report. That hasn't gone over well amongst carbon ranchers.
A Guide to Germany's Agtech Ecosystem: Government Support Belies Limited Investor Pool (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9c555ef158&e=2715c96b29) - AgFunder
Germany, which ranked fourth for agri-foodtech investment in 2018, is better known for its food tech successes than agtech, but a $100m deal last week for vertical farming group infarm brought the country's agtech industry into focus.
When Do Cover Crops Pay? New USDA-SARE Report Addresses the Question (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=46d0c50629&e=2715c96b29) - Sustainable Agriculture Research & Education
Cover Crop Economics, a new report published by USDA-SARE looks at the economics of cover crops to help farmers answer that big question: "When do cover crops pay?"
The Bugs We Can't Live Without (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f3a38be012&e=2715c96b29) - Wall Street Journal
Insect populations are in dramatic decline, and the consequences could be serious for everything from waste management to agriculture.
Grow Faster, Grow Stronger: Speed-Breeding Crops to Feed the Future (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3d2ef005af&e=2715c96b29) - New York Times
Plant breeders are fast-tracking genetic improvements in food crops to keep pace with global warming and a growing human population.
Plenty's New Vertical Farm Wants to Put Exotic Produce in Your Grocery Store (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a542e1e5dd&e=2715c96b29) - The Spoon
Plenty's new farm, Tigris, farm will focus on enhancing the flavor of crops as well as widening the variety of fruits and vegetables it and most other vertical farms currently produce.
Gene-Edited Chicken Cells May Stop the Spread of Bird Flu (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dbaebc9787&e=2715c96b29) - Food Dive
Researchers from the University of Edinburgh and Imperial College London suggest it's possible to prevent the spread of bird virus in chickens by taking out a small part of the animal's DNA within lab-grown cells using CRISPR gene-editing technology.
algae
EATERS
This Kit Makes It Shockingly Easy (and Pretty) to Farm Your Own Algae at Home (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=de30e7d3fd&e=2715c96b29) - Fast Company
Algae is full of protein, cleans the air in your apartment, and looks beautiful. A new project from a RISD grad could make farming it at home as easy as growing a pot of basil.
Food Pantries Modeled After Little Free Libraries Are Popping Up Around the World (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0700485144&e=2715c96b29) - Eater
The Little Free Pantry removes barriers presented by traditional food pantries.
Helping Low-Income Women Afford Healthier Food May Have Reversed a Rise in Childhood Obesity (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c2e35a18f8&e=2715c96b29) - New Food Economy
A 2010 policy change allowing WIC enrollees to buy fruits and vegetables apparently resulted in striking health benefits for children, CDC study finds.
Americans Just Want Immigrants for the Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=36458665bd&e=2715c96b29) - Eater
A YouGov survey of seven European countries and the US found that the most commonly agreed benefit of immigration has been better food.
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LATEST JOB LISTINGS
Food Process Engineer (The Food-E) at Eclipse Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a564d585e9&e=2715c96b29) - Berkeley, CA
External Operations Experto (XOXO) at Eclipse Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d33423652b&e=2715c96b29) - Berkeley, CA
The Mighty Marketer at Eclipse Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=11bd64daa6&e=2715c96b29) - Berkeley, CA
Farm Account Executive - Sales at Barn2Door (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2e72ec3a20&e=2715c96b29) - Seattle, WA
Supply Chain Analyst at Just Salad (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=902180210a&e=2715c96b29) - New York, NY
Co-Founder / CEO - Dietary Supplement at Sugarbreak (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=72e76853ed&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=a530c85801&e=2715c96b29) - Chicago, IL
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19066- Manager, Food Loss & waste Program at WWF (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=088d368137&e=2715c96b29) - Washington DC, MD
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