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beyond bacon
FEATURED
Beyond Meat Takes on Bacon, Cosmic Crisp Could Disrupt Apple Industry + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5db41caa85&e=2715c96b29)
Our round-up of last week's top food innovation news.
2018 U.S. Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=75c9211bd6&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.
What's Next in Restaurant Tech
Technology promises to transform the restaurant industry. From talent management and personalization platforms to ghost kitchens and corporate catering marketplaces, startups are aiming to help restaurants improve operations and increase revenue. How do these technologies and new operational models work? What do they actually mean for restaurants?
Join us at What's Next in Restaurant Tech for a deep dive into Zuul (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f705478eb7&e=2715c96b29) , HUNGRY (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=938bdaedab&e=2715c96b29) and Harri's (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b155848815&e=2715c96b29) business models and technologies.
You'll also be able to demo cutting edge technologies from The.Fit (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dd9a289108&e=2715c96b29) , ItsaCheckmate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5d7369480f&e=2715c96b29) , BentoBox (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cd193fb893&e=2715c96b29) , OpenTable (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=109ad015b3&e=2715c96b29) and Plate IQ (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8fecf85100&e=2715c96b29) and sample innovative food and beverages from Hella Cocktail (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8b4b8c48a7&e=2715c96b29) , Element Farms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fa0a9d34e5&e=2715c96b29) , Mosaic Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=560dbecb04&e=2715c96b29) and more.
RSVP NOW (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d2d7c51e4f&e=2715c96b29)
verb energy
CPG
It's Crunch Time for Better Snacks (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b59f72d97e&e=2715c96b29) - Winsight Grocery Business
The US market for salty snacks is forecast to reach $29b by 2022, with plant-based, nutritious and delicious items gaining ground.
Verb Energy Raises $3.5M to Build Out Its Text-Based Commerce Platform (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=51703964ae&e=2715c96b29) - The Spoon
The energy bar maker received funding led by Global Founders Capital.
Nutpods Secures Investment from VMG Partners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=713eadf8ae&e=2715c96b29) - BevNet
The non-dairy creamer brand has raised an undisclosed sum to invest in brand awareness through digital marketing.
Beyond Meat Rivals That of Bitcoin and Could Share the Same Fate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f91933ecfa&e=2715c96b29) - CNBC
The company's stock has surged more than 700% since its IPO in May. Short sellers are betting that Beyond's stock falls, but it has lost $427.8m in July.
This Snack Curator for Google Is One of the Most Powerful People in Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7370453c45&e=2715c96b29) - Fast Company
Google has a dedicated team and chef named Matt Colgan at the helm of its western campuses, where he has quietly emerged as one of the most powerful gatekeepers in the packaged food world.
PepsiCo Buys Stake in One of China's Biggest Natural Food Companies (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c4e81801af&e=2715c96b29) - CNN
The company is buying 26% of Natural Food International for $131m as it seeks to capitalize on the global health food craze.
Should GMOs Be Allowed in Organic Food? USDA Sparks Debate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=835f90eab0&e=2715c96b29) - Food Dive
USDA Undersecretary of Agriculture Greg Ibach testified before the House Agriculture Subcommittee that plants grown with the aid of genetically modified organisms and gene editing could be allowed to be certified organic in the future.
NGOs Slam EU-Proposed Ban on Meat Terminology in Vegan Products (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5a5770d627&e=2715c96b29) - Food Ingredients First
Ten animal protection, consumer, environment and food NGOs have united in an open letter to urge recently-elected MEPs to drop proposals to outlaw phrases such as "vegan sausage roll" and "veggie burger" across the EU.
The Bizarre Story of the 'Friedenswurst,' the Soy Sausage Cooked Up During WW1 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5fdec3fb8e&e=2715c96b29) - Forbes
One of the world's first plant-based sausages was created by German statesman Konrad Adenauer during the First World War.
Hershey to Raise Chocolate Bar Prices (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f584866234&e=2715c96b29) - Wall Street Journal
The candy maker, which reported higher-than-expected profit, is increasing prices 9% next year.
Why 'Performance Beer' Is the Newest Trend in Sports Beverages (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2d11db58e2&e=2715c96b29) - Fast Company
One of the many new 'functional' craft beers on the market, Sufferfest is brewed to help you celebrate, recover and refuel for your next workout.
walmart gatik
RETAIL
This Robo-Van Startup Will Handle Walmart's 'Middle-Mile' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6c44b0c417&e=2715c96b29) - Wired
Walmart will use robo-vans from startup Gatik to help move goods from its Supercenter in Rogers, Arkansas to a Neighborhood Market in nearby Bentonville.
Amazon Wants to Rule the Grocery Aisles, and Not Just at Whole Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=547da968ec&e=2715c96b29) - New York Times
Instead of Whole Foods being the answer to the tech behemoth's grocery ambitions, it seems to have encouraged executives to pursue other ideas, too.
Robots Are Coming to Grocery Fulfillment: Can They Drive Profitability? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e9d009869f&e=2715c96b29) - Forbes
Multi-temperature products, awkwardly sized and shaped products, product and SKU proliferation, delivery challenges, combined with razor thin margins have kept e-commerce penetration today to under 3%.
Trader Joe's Is Slashing Prices on Certain Items Thanks to Less Plastic Packaging (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1840249de2&e=2715c96b29) - SF Gate
The store will now feature more loose produce.
takeaway
RESTAURANTS
UK: Takeaway and Just Eat to Merge in $10B Deal to Take on Deliveroo and Uber Eats in Europe (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a00f3193fa&e=2715c96b29) - TechCrunch
The deal would help them combine forces and take on more scale to compete better with Uber Eats and Amazon-backed Deliveroo.
Canada: Plant-Based Eggs Land Their First Major Fast Food Deal (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=426e82f152&e=2715c96b29) - CNBC
Tim Hortons is testing JUST Egg at locations in Canada.
Seeing Through Silicon Valley's Shameless 'Disruption' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4e2327922d&e=2715c96b29) - Wired
Tech monopolies such as food delivery apps aren't so transformative that they would simply replace the existing systems. The proper response to this so-called disruption is to build up our social defenses.
Amazon Prepares Online Food Delivery Service in India (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bb7732e5b0&e=2715c96b29) - Nikkei Asian Review
Amazon is planning a foray into the burgeoning online food delivery business in India this year in partnership with Catamaran.
A Giant Change Is Coming to Both McDonald's and Starbucks. (There's Just 1 Little Problem) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=32d1135e7d&e=2715c96b29) - Inc.
The customer of the future, according to both Starbucks and McDonald's, will be a customer who might never set foot in a Starbucks or a McDonald's. Both companies have expanded their delivery businesses.
This 'Starbucks of Wine' Chain Is Changing the Way Americans Experience Chardonnay (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=75f2c69dd1&e=2715c96b29) - Fast Company
Illinois-based Cooper's Hawk has pioneered a unique model for creating wine and bringing it to budding consumers. The company operates 34 tasting rooms/restaurants in the US and brought in $282m in revenue in 2018.
India's Food Delivery Wars Are No Longer About Speed, but Quality (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=47803b544d&e=2715c96b29) - Quartz
Over two-thirds of consumers placing orders on food delivery apps are concerned about quality.
gamaya
AGRICULTURE
Gamaya Raises €10.9M Series B Led by India's Mahindra & Mahindra in New Partnership Strategy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0b3dd5eba7&e=2715c96b29) - AgFunder
The partnership is going to shift the Swiss Company's Focus the other way, to small-scale farms. Mahindra led the investment.
USDA Sets Plans for $16B in New Aid to Farmers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1747f7b0e5&e=2715c96b29) - Wall Street Journal
The aid will go towards farmers hurt by the trade battle with China and wet weather that kept many from planting a crop this spring.
USDA Gave Almost 100% of Trump's Trade War Bailout to White Farmers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4060225177&e=2715c96b29) - New Food Economy
Similar to other USDA subsidies, the Market Facilitation Program (MFP) has overwhelmingly favored white and male producers.
Corwin Heatwole Believes the Home Team Can Produce a Better Bird (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=24cac87360&e=2715c96b29) - Washington Post
The Virginia entrepreneur wants farmers in control of raising certified-organic chickens.
How Cargill Went From Environmental Leader to 'Worst Company in the World' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7bdfde6d6&e=2715c96b29) - New York Times
Fierce criticism of the American agricultural giant shows how companies that fall short of ambitious commitments can quickly anger advocacy groups.
New York City Is Set to Ban Foie Gras (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4ebe61bce3&e=2715c96b29) - New Food Economy
Legislators say it's an animal welfare issue, while foie farmers argue we aren't getting the whole picture.
Her Farm's Mission: Empowering People with Disabilities (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=51d8504cd1&e=2715c96b29) - Grist
Wyoming-based Vertical Harvest employees people with developmental disabilities at its hydroponic greenhouse.
microbiome
EATERS
Buzzy Digital Health Startup Livongo Surged in Its Stock Market Debut As the 3-Year Digital Health IPO Drought Comes to an End (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9a90b86397&e=2715c96b29) - Business Insider
Livongo is valued at $3.4b after its first day of trading. The company uses technology to help take care of patients with diabetes.
Microbiome-Assessing Capsule Gathers Gut Bacteria (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=df3cab3e34&e=2715c96b29) - New Atlas
The 3D-printed capsule is designed to be orally ingested, collecting various species of bacteria as it passes through the gastrointestinal tract. Once it's excreted in the feces, the capsule can be retrieved and its contents analyzed.
Amsterdam: 'Jumbo Locusts' and Sensory Tableware: A Look at Our Kitchens in 2050 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=66f9935d23&e=2715c96b29) - Forbes
A new exhibition at Nemo Science Museum in Amsterdam presents five short movies suggesting different scenarios on the future of food.
Bringing Clarity to the Murky World of Sports Supplements (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f9cf5cc638&e=2715c96b29) - Wired
Dietary supplements are a more than $45b industry. The USDA treats them like foods, not drugs. On the whole, these products are barely regulated.
The Cruel Farce of Cutting Food Stamps (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6f0e07b98d&e=2715c96b29) - New York Times
The Trump administration has decided to make a show of fiscal discipline by withholding food from hungry children.
Facebook Bans Sales of Alcohol and Tobacco Between Users (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=daadb6d9b5&e=2715c96b29) - CNBC
All sales of alcohol and tobacco will no longer be allowed between users on Facebook and Instagram.
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LATEST JOB LISTINGS
Sales/Business Development Director at Plenty (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0bee229145&e=2715c96b29) - San Francisco, CA
Customer Happiness Manager at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2f09adcd7b&e=2715c96b29) - New York, NY
Director/VP of Operations at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=af359b4835&e=2715c96b29) - New York, NY
Director of Culinary Operations at Sprinly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6260ac1a18&e=2715c96b29) - Cleveland, OH
Production Manager at Frame Partners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b9f17cec92&e=2715c96b29) - San Francisco, CA
Head of Brand at 12 Tides Seaweed Co. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=09d3bf7d56&e=2715c96b29) - San Francisco, CA
Quality Assurance Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4fd3a9fe17&e=2715c96b29) - Newark, NJ
Sales Planning Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e3a03c07af&e=2715c96b29) - Newark, NJ
Sales Account Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0bcce41788&e=2715c96b29) - Newark, NJ
Sales & Marketing Coordinator at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=758a8ae279&e=2715c96b29) - Newark, NJ
Retail Sales Coordinator at Ark Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3efbceb0fd&e=2715c96b29) - Brooklyn, NY
Kitchen Manager at Hudson Kitchen (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9eca7b75a2&e=2715c96b29) - Kearny, NJ
VP Business Development at Brightseed (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b14290a9d8&e=2715c96b29) - San Francisco, CA
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