Latest food tech and innovation news, jobs and events.
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Climate Change Threatens Food Supply, 33% of Food is Wasted in The Field + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=168436cd1a&e=2715c96b29)
Our round-up of this 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=e0e3b79481&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.
Hu Kitchen
CPG
Sir Kensington's Co-Founder Ramadan to Lead Hu Kitchen & Products (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d00d288cbe&e=2715c96b29) - NOSH
Ramadan will serve as CEO of both Hu's food business (which currently includes chocolate bars and snacks, as well as coffee beans) and the brand's New York City restaurant.
Beyond Meat Shelves Plans For Japan Push, Mitsui Says (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f8463fe408&e=2715c96b29) - Reuters
Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor, focusing more on the U.S. market where it recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals.
Plant-Based Protein Startup in Boulder Raises $4.8M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eeef73fce7&e=2715c96b29) - BusinessDen
Congruent Ventures lead the round in Emergy Foods, which will launch its own line of plant-based meats next year.
Food and Beverage Veterans Make an Exodus to Cannabis (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=472eeb7385&e=2715c96b29) - Food Dive
Despite regulatory complications, more executives have been recruited to the trendy space in recent months.
AB InBev Acquires Platform Beer Co (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e243f9f96b&e=2715c96b29) - BeverageDaily.com
Anheuser-Busch InBev is acquiring Cleveland craft brewery, Platform Beer Co for an undisclosed amount.
Can Big Food Buy Its Way Into Innovation? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d049a9ddfe&e=2715c96b29) - Crain's Chicago
Despite some early bungles, food giants appear to be doing a better job with their acquisitions.
Tyson Looks to Robotics For The Future of Meatpacking (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e6d0fbf3d9&e=2715c96b29) - Food Dive
Tyson Foods has opened the Tyson Manufacturing Automation Center. Engineers at the facility are working to create robots that will do jobs that may be physically demanding, highly repetitive or dangerous. It would also help with any shortages of human labor.
Bumble Bee Considers Bankruptcy to Ease Debt and Legal Costs (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3a1e2e9b28&e=2715c96b29) - Bloomberg
Bumble Bee Seafood LLC is considering a bankruptcy filing as one way to ease its financial burden, which stems in part from a 2017 guilty plea to federal price-fixing charges, according to people with knowledge of the plans.
Plastic Free
RETAIL
This New Online Grocery Store is Entirely Plastic-Free (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8390b364d5&e=2715c96b29) - Fast Company
Rise Mrkt will ship staples like rice and lentils to your house in compostable containers.
Amazon is Looking to Open a Brick-and-Mortar Liquor Store in San Francisco (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=63cb0dc0df&e=2715c96b29) - Business Insider
The brick-and-mortar store, reportedly 200 square feet in size, would operate as a liquor store and a location from which Amazon can operate an alcohol-delivery service.
Whole Foods Workers Demand Amazon Stop Working With ICE (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=92ba30ef58&e=2715c96b29) - Eater
A group of current and former Whole Foods employees called Whole Worker put out a public statement against Amazon's partnership with Palantir, a company that provides data to ICE, "to show solidarity with our undocumented sisters, brothers, and siblings."
Young Guns
RESTAURANTS
Five Steps Restaurants (and Diners) Can Take Right Now to Make the Industry Better (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8987657f5d&e=2715c96b29) - Eater
In a lot of ways, the restaurant business is broken. Pros Martha Hoover and Devita Davison on how to actually fix it.
Vinyl Gloves Used at Certain McDonald's, Burger King, and Wendy's locations May Contain Toxic Chemicals Linked to Reproductive Issues (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=192bf98400&e=2715c96b29) - Business Insider
The Coalition for Safer Food Processing and Packaging found that the chemicals may cause reproductive issues in women and men and can impede brain development in children.
Deliveroo's 'Rescue Team' Will Convert Struggling Restaurants to Delivery-Only (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e07a3fb1ad&e=2715c96b29) - Restaurant Dive
Its "Restaurant Rescue Team" will identify struggling or recently-closed restaurants and offer them space in the platform's delivery-only kitchens. It will also assist participating restaurants with menu development, branding and pricing.
Amazon-Backed Deliveroo Pulls Out of Germany in Abrupt Retreat (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4103a27b32&e=2715c96b29) - Bloomberg
The delivery service announced an abrupt retreat from Germany after more than four years, a casualty of increasingly cut-throat competition tearing through the industry.
Ovation Raises Nearly $1M in Seed Funding for its Restaurant Rating Platform (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=aa5f698dce&e=2715c96b29) - The Spoon
Ovation, a software platform that gathers customer feedback for restaurants and retailers, announced today it has raised $965,000 in seed funding led by Monta Vista Capital with participation from 500 Startups.
Waitr Stock Plummets Amid CEO Resignation, Layoffs and Lack of Profits (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3c78eedde0&e=2715c96b29) - The Advocate
Louisiana food delivery company Waitr's stock price fell by half Friday — sending the company's market value to $134 million from a peak of $910 million just five months ago.
Lavu Acquires Sourcery, a Y Combinator-Backed Startup Focusing on Accounts Payable Automation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b610ac50e8&e=2715c96b29) - Business Wire
The acquisition complements Lavu's restaurant management platform with end-to-end payment automation solutions.
Restaurants Sidestep Delivery Fees With Enhanced Carryout Programs (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cb9209b646&e=2715c96b29) - Nation's Restaurant News
Carryout orders placed digitally are up 279% in the last five years.
Hazel
AGRICULTURE
Food Waste Startup Hazel Technologies Raises Oversubscribed $13m Series B to Scale Up Production (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5ee70e64b0&e=2715c96b29) - AgFunder
Hazel Technologies package technology helps extend foods' shelf life. The round was led by Pangea Ventures and S2G Ventures with participation from The Grantham Foundation, Asahi Kasei Ventures, Rhapsody Venture Partners, Serra Ventures, Valley Oak Investments, Climate Impact Capital, ImpactAssets and others.
Cambridge Crops Lands $4 Million in Seed Funding to Eliminate Food Waste (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=138ad4670c&e=2715c96b29) - Tech Startups
Cambridge Crops develops edible and natural biomaterial coating to extend the shelf life of perishable foods. The Engine lead round with participation from Refactor Capital, Closed Loop Ventures, Bluestein & Associates, SOSV and Supply Chain Ventures.
Cauliflowers Dwindle in UK as Extreme Weather Takes Its Toll (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6ef3be02b4&e=2715c96b29) - The Guardian
Wholesale prices rise by 400% as restaurants advised to take cauliflower-related meals off menus.
USDA Eases Relocation Timeline as Researchers Flee Agency (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5819bd36b3&e=2715c96b29) - The Hill
The USDA reversed course late Friday, agreeing to key union demands as nearly two-thirds of its research staff will leave the agency rather than move to new headquarters in the Kansas City area.
DuPont Considers Sale of Biosciences Unit That Could Fetch $20 Billion (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0f79bac892&e=2715c96b29) - Bloomberg
Potential buyers could include Royal DSM, Kerry Group and International Flavors & Fragrances.
Got Impossible Milk? The Quest for Lab-Made Dairy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9eaddcd5e8&e=2715c96b29) - The New York Times
With advances in synthetic biology, researchers and entrepreneurs strive to create cows' milk without cows.
Rabobank and Caspian Partner to Fill The Debt Gap For India's Agri-Foodtech Startups (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b551c14ae1&e=2715c96b29) - AgFunder
India's agri-foodtech scene is hot with venture capital investors. Not so much with lenders. That's why Dutch banking giant Rabobank is teaming up with impact investment firm Caspian on a $2 million debt fund for India's agtech startups.
https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fc74811cab&e=2715c96b29
LATEST JOB LISTINGS
Strategic Planning Specialist at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=67bbf09986&e=2715c96b29) - Remote
Director of Operations at The Meat Hook (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0dbac276f4&e=2715c96b29) - Brooklyn, NY
Director of Operations at Oxtale (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d62a23297a&e=2715c96b29) - New York, NY
WeWork Food Labs Manager (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3756b00a78&e=2715c96b29) - San Francisco, CA
Pennsylvania Certified Organic Executive Director (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9c77644b96&e=2715c96b29) - Spring Mills, PA
Projects Coordinator at KitchenTown (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e54aefa1e9&e=2715c96b29) - San Francisco, CA
Senior Scientist — Cell-based Seafood Specialization at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=593aa5406d&e=2715c96b29) - Remote
Sales Coordinator at Wynn's Grain and Spice (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3bf0206e4e&e=2715c96b29) - Birmingham, AL
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Customer Happiness Manager at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=212a7bfdaa&e=2715c96b29) - New York, NY
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Director of Culinary Operations at Sprinly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c7a3956a43&e=2715c96b29) - Cleveland, OH
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Head of Brand at 12 Tides Seaweed Co. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=618b1a2c15&e=2715c96b29) - San Francisco, CA
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