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food tech connect
Just Eat
FEATURED
PowerPlant Ventures Raises $165M Fund, Takeaway and Just Eat Merge in $10B Deal + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ef0f1b18cb&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=99b53b60de&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 the biz and tech models of:
* Zuul (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a0b20ea6e4&e=2715c96b29) : A turnkey ghost kitchen solution for well-known restaurant brands, allowing effortless growth and new market share through access to a network of delivery only shared kitchen establishments.
* HUNGRY (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ae5759b51f&e=2715c96b29) : Backed by Jay-Z, Usher and Walter Robb, the platform connects independent chefs to the $50B office catering market.
* Harri (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=56f75a40b6&e=2715c96b29) : A software platform for HR and operations that helps hospitality businesses with finding, hiring and managing great talent.
You'll also be able to demo cutting edge technologies from The.Fit (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=73e4c2adb4&e=2715c96b29) , ItsaCheckmate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cfa22da2c3&e=2715c96b29) , BentoBox (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=293ddc01de&e=2715c96b29) , OpenTable (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0ed785f9c4&e=2715c96b29) , Plate IQ (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bb404ce38c&e=2715c96b29) and Food For all (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=226ed726ec&e=2715c96b29) .
Sample innovative food and beverages from Hella Cocktail (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6e10d45daa&e=2715c96b29) , Element Farms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=54647a2c29&e=2715c96b29) , Mosaic Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f2455ca88e&e=2715c96b29) , Jack & Friends (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d8c9d5e8e6&e=2715c96b29) , La Mere Beverage (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d073363c4c&e=2715c96b29) , Lazeez (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8244f3ca79&e=2715c96b29) , Made Meals (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=790d5a8474&e=2715c96b29) , Render (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f28a4dc4dc&e=2715c96b29) and Jenine's Plant-Based Creamery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=361f413565&e=2715c96b29) .
RSVP NOW (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a718dba82a&e=2715c96b29)
PowerPlant Ventures
CPG
PowerPlant Ventures Raises $165M Fund To Keep Betting On Plant-Based Nutrition (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=14744955f0&e=2715c96b29) - Crunchbase News
The firm plans to lead or co-lead Series A and Series B rounds in plant-based food technology companies with check size ranging between $4 million to $8 million dollars.
Beyond Meat's Q2 Earnings Highlight Stunning Growth and Investor Jitters (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=91e1664194&e=2715c96b29) - The New Food Economy
Shares of the company's stock have risen 775 percent in the last three months, though analysts predict a bust to come.
Plant-Based Eggs Land Their First Major Fast Food Deal (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d6d8577ba0&e=2715c96b29) - CNBC
Tim Hortons is testing JUST Egg at locations in Canada, marking the first fast-food deal for the plant-based egg.
Impossible Foods In Full Scale-Up Mode With Burger Manufacturing Deal And FDA Approval (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b6453bd33d&e=2715c96b29) - Forbes
Impossible is partnering with major food producer OSI Group to increase its production capacity. The company received approval from the FDA and is targeting a September retail release.
Tyson to Launch Functional, Chilled Snack Line (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d3ff930d58&e=2715c96b29) - Nosh
Pact, the new brand, will launch with four varieties of Snack Bites — Gut Instinct (cranberry kombucha with probiotics), Gut Ahead (turmeric ginger with prebiotics), Vibe On (matcha blueberry "energizing") and Glow With It (cocoa/coconut with collagen).
Unilever Warns it Will Sell Off Brands That Hurt the Planet or Society (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=36efc401fb&e=2715c96b29) - The Guardian
Marmite and Magnum among vulnerable brands as firm puts focus on sustainable business
Oatly's Path to Alt‑Milk World Domination Starts in New Jersey (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e0f483962b&e=2715c96b29) - Bloomberg
The Swedish oat milk maker can barely keep up with U.S. demand—but its global takeover is just beginning.
Australia: Blockchain Startup Nets $2.4M to Fight Food Slavery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9b63910b5e&e=2715c96b29) - Cointelegraph
Main Sequence Ventures lead the round.
No More Cardboard Boxes? 3M Invents an Ingenious New Way to Ship Products (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d81afc93af&e=2715c96b29) - Fast Company
The company is launching a new material that could reduce the time, materials, and space required to ship products by 50%.
CIO's Persistence Nets Blockchain System For Tuna Supply Chain (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3472aabd43&e=2715c96b29) - Food Dive
Bumble Bee Foods' Tony Costa has made a half-dozen trips to Indonesia to negotiate the details of a blockchain system that traces the path of yellowfin tuna.
Brandless
RETAIL
Brandless' New CEO Is Dumping Its $3 Price Point, Hitting The Stores And Going Big On CBD (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1cff926bfa&e=2715c96b29) - Forbes
The ex-COO of Walmart.com is employing new strategies to turn around the e-commerce startups money-bleeding operations.
Store Brands Cut Into Big Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b410f5ffb1&e=2715c96b29) - The Wall Street Journal
Kraft, Conagra take a sales hit as retailers stock more of their own private-label products.
Restaurants Joining With Retailers in the Meal Kit Game (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cb6993599c&e=2715c96b29) - Supermarket News
Restaurateur and chef Stephanie Izard is working with online grocery brand Peapod on a meal kit line.
Eleven Madison Park
RESTAURANTS
The Owners of Eleven Madison Park Are Ending Their Partnership (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6e5b6d38f6&e=2715c96b29) - New York Times
Will Guidara and Daniel Humm, whose restaurant group includes the world-famous Manhattan destination, are splitting up in a major divorce for the industry.
Ex-McKinsey Consultant Turns Failed Restaurant Into $535 Million Startup (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0e3cb3951a&e=2715c96b29) - Bloomberg
Mumbai-based Rebel Foods recently closed a $125 million funding round and is expanding quickly.
Ordermark Raises $18M to Help Restaurants Manage Disparate Delivery Platforms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4609c66258&e=2715c96b29) - VentureBeat
Foundry Group lead the round with participation from TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures and Nosara Capital.
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=1b38985683&e=2715c96b29) - Fast Company
Meanwhile, it won't surprise you to learn that Google takes a data-driven approach to choosing snacks—and making sure the peanut M&Ms never run out.
Chipotle Quietly Rolls Out Artificial Intelligence to 1,800 Units (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b7a8c387a2&e=2715c96b29) - Nation's Restaurant News
The fast-casual chain is leaning into 'human-backed machine learning.'
Delivery.com Acquires Mr. Delivery to Expand Restaurant Delivery Services (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e465091249&e=2715c96b29) - The Spoon
NYC-based online platform delivery.com announced today that it has acquired Austin, TX-based Mr. Delivery. Financial terms of the deal were not disclosed.
London: Amazon-Backed Food Delivery Startup Deliver Acquires Edinburgh Software Studio Cultivate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=00a9158708&e=2715c96b29) - TechCrunch
Terms of the acquisition were not disclosed but it's likely to be a modest deal.
Grubhub Announces Initiatives in Response to Restaurant Complaints (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b4676f1222&e=2715c96b29) - Nation's Restaurant News
The Delivery app worked with Sen. Schumer on policies, including examining phone orders, a website created to streamline the process for restaurants to request control over URLs and a series of round tables to foster dialogue between Grubhub and restaurants.
Cannabis
AGRICULTURE
Cannabis Sales Could Hit $41B by 2025, Nielsen Predicts (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9402d4c367&e=2715c96b29) - Food Dive
The market for all legalized cannabis, including CBD, is expected to quintuple from $8 billion in 2018 to $41 billion by 2025, according to new data from Nielsen.
If Crop Insurance Rewarded Conversation Practices, Would More Farmers Go No-Till? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e1907e42c0&e=2715c96b29) - The New Food Economy
Crop insurance works too well for farmers who farm without regard for long-term soil health, and not well enough for the few who do. A new task force wants to change that.
Japan: Japan's Food Tech Companies Find Fresh Ways to Extend Shelf Life (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e6e6affe4b&e=2715c96b29) - Nikkei Asian Review
Tuna wrapped in mold keeps for 20 days while dried veggies last two years.
Ghent-Based Agtech Startup AgroSavfe Raises €35 million Series C to Develop Biocontrols For Crop Protection (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1118ddf3ca&e=2715c96b29) - EU-Startups
Gimv lead the round with participation from Sofinnova Partners, PMV, Agri Investment Fund, K&E, Biovest, Madeli Participaties, VIB, and Qbic. The new funding will be used to enhance the development and commercially scale the production of AgroSavfe's biofungicides and bio-insecticides.
MetoMotion Raises $1.5m Seed Round For Zany Greenhouse Robot That Spots Ripeness in Tomatoes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0565842ae2&e=2715c96b29) - AgFunder
The team declines to say much publicly about its mysterious lead investor; the only words on the record are that "a leading Netherlands-based company in the greenhouse industry" led the round, which doesn't really narrow it down considering the size of the industry there.
Majority of Trump's Trade Aid Went to Biggest Farms, Study Find (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2d4597682b&e=2715c96b29) - Bloomberg
54% of the aid payments went to just one-tenth of recipients.
In New York, a Diverse, New Group Works The Soil (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2850d2b0d4&e=2715c96b29) - Reuters
Women and non-binary people are running some of the best-known organic farms on Long Island, in what is a growing, $50 billion industry nationwide. Women make up a slightly larger share of organic farmers than conventional farmers, 37% to 36%, according to the U.S. Department of Agriculture, a share that is likely to continue to grow, experts say.
Tim Ryan
EATERS
Tim Ryan on Food and Agriculture (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7db50aaa85&e=2715c96b29) - New York Times
Mr. Ryan wants to provide more federal funding for local and organic farms and promote carbon capture techniques.
Trump Plan Failed to Note That it Could Jeopardize Free School Lunches for 500,000 Children, Democrats Say (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b1ae0a3b65&e=2715c96b29) - NBC News
The administration failed to include its analysis of how many schoolchildren would be affected by food stamp changes in its formal proposal, according to a lawmaker who was briefed on the figures.
https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=429f65e921&e=2715c96b29
LATEST JOB LISTINGS
Customer Happiness Manager at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6d5a4e660c&e=2715c96b29) - New York, NY
Director/VP of Operations at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eda02bd92a&e=2715c96b29) - New York, NY
Director of Culinary Operations at Sprinly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4938a696c9&e=2715c96b29) - Cleveland, OH
Production Manager at Frame Partners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fa19838b1d&e=2715c96b29) - San Francisco, CA
Head of Brand at 12 Tides Seaweed Co. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a20a61a2be&e=2715c96b29) - San Francisco, CA
Quality Assurance Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e549624fee&e=2715c96b29) - Newark, NJ
Sales Planning Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fee54a48ad&e=2715c96b29) - Newark, NJ
Sales Account Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d616ccfd7d&e=2715c96b29) - Newark, NJ
Sales & Marketing Coordinator at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b19630bfe8&e=2715c96b29) - Newark, NJ
Retail Sales Coordinator at Ark Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f9bd00b144&e=2715c96b29) - Brooklyn, NY
Kitchen Manager at Hudson Kitchen (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4c43e17ff9&e=2715c96b29) - Kearny, NJ
VP Business Development at Brightseed (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=00333ef19c&e=2715c96b29) - San Francisco, CA
IT & Data Manager at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6b037ce38a&e=2715c96b29) - Remote
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