Tuesday, August 6, 2019

Square Sells Caviar for $410M, Stonyfield Helps Launch Open Source Soil Health Tech Ecosystem + More

Latest food tech and innovation news, jobs and events.
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food tech connect

powerplant

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=44dae687f0&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=02c610f273&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=5732d4a056&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=6334a3fe89&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=405e205752&e=2715c96b29) : A software platform for HR and operations that helps hospitality businesses with finding, hiring and managing great talent.

We have 10 tickets left, so RSVP asap.
You'll also be able to demo cutting edge technologies from The.Fit (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=540c1a0219&e=2715c96b29) , ItsaCheckmate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=252c2cc3cc&e=2715c96b29) , BentoBox (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ff128534b7&e=2715c96b29) , OpenTable (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5449e9cbbb&e=2715c96b29) , Plate IQ (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7ace6114e0&e=2715c96b29) and Food For all (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3ed6c97cac&e=2715c96b29) .

Sample innovative food and beverages from Hella Cocktail (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6f73dd8154&e=2715c96b29) , Element Farms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9f0dee0dc5&e=2715c96b29) , Mosaic Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fab2789968&e=2715c96b29) , Jack & Friends (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=16f4c594ef&e=2715c96b29) , La Mere Beverage (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=633d0e4dd0&e=2715c96b29) , Lazeez (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=61091de690&e=2715c96b29) , Made Meals (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1e14f44bc7&e=2715c96b29) , Render (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=17c8245431&e=2715c96b29) and Jenine's Plant-Based Creamery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cc972cfd84&e=2715c96b29) .

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Stonyfield

CPG

Stonyfield to Launch Smart-Farm Tech Initiative to Retain More Soil Carbon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=28707e939a&e=2715c96b29) - Union Leader
Stonyfield Organic, the USDA's LandPKS project and Foundation for Food and Agriculture (FFAR) are launching a new $10 million tech initiative to create smart farms, using predictive data models, spectral analysis and customized cover cropping techniques to reduce agricultural carbon emissions and help farmers maximize their profits. The initiative will work to develop a new open-source platform called OpenTeam.

Hardee's to Start Selling Beyond Meat's Sausages and Burgers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=84a785b94a&e=2715c96b29) - Bloomberg
Hardee's will test out plant-based burgers and sausages from Beyond Meat Inc. in two of the chain's largest markets this fall. Parent company CKE has found that sales of Beyond Burgers at Carl's Jr has helped it reach a new guest, with over 4 million Beyond patties sold.

Restaurants, Food Makers Find Consumers Are Willing to Pay Higher Prices (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eb6d641cbe&e=2715c96b29) - Wall Street Journal
McDonald's, Mondelez and Chipotle are among companies charging more; 'U.S. consumer continues to be strong'

Don't Cut Those Trees — Big Food Might Be Watching (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4d6f8c4751&e=2715c96b29) - NPR
A new online tool called Global Forest Watch Pro is helping big food companies with their commitments to cut all links too deforestation.

Hostess sells Superior Cake to Sara Lee for $65M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=95589de026&e=2715c96b29) - Food Dive
The divestiture comes just three years after Hostess acquired the in-store bakery company for $51 million — its first deal since it reentered the market under new owners following its second bankruptcy in 2012.

Snap
RETAIL

Snap Kitchen Expands Meal Delivery to 15 Markets (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=040f59e2cb&e=2715c96b29) - Grocery Dive
Austin, Texas-based Snap Kitchen is the one of the newest companies to sell prepared meals online. The company, which began as a brick-and-mortar food retailer in 2010, recently expanded delivery of its prepared meals to 15 cities including Washington, D.C., San Antonio, New York City and Oklahoma City.

At Cannabis Shops, Face Recognition Is Already a Thing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=144c4ef3b5&e=2715c96b29) - Vice
Dispensaries are adopting in-store surveillance systems to protect profits. Experts warn it's a 'slippery slope' to discrimination.

Why Thrive Market Isn't Focused on Bringing Customers in With Promotions (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=78fb5e5bde&e=2715c96b29) - Modern Retail
As the retailer focuses on customer loyalty, it has begun to analyze behaviors that seem to be better indicator of sales growth, like digital content engagement.

Giant Eagle Plans Tech Hub for Pittsburgh Area (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2f5d5300c7&e=2715c96b29) - Supermarket News
New facility to help power retailer's digital transformation.

Caviar

RESTAURANTS

Square Sells Food-Delivery Service Caviar to DoorDash for $410 Million (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c743cf410e&e=2715c96b29) - CNBC
According a securities filing, Square bought Caviar five years ago for $44.3 million.
Square CEO Jack Dorsey, said the move will allow Square to double down on investments and focus in its core payments businesses.

The Bowls at Chipotle and Sweetgreen Are Supposed to be Compostable. They Contain Cancer-Linked "Forever Chemicals." (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4daf1222a9&e=2715c96b29) - The New Food Economy
Testing by The New Food Economy reveals an industry secret: Virtually all plant fiber bowls contain PFAS, troubling chemicals that don't break down naturally in the environment. It gets worse from there.

Shake Shack Taps Grubhub For Nationwide Delivery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9596afed79&e=2715c96b29) - CNBC
The partnership, which is being tested in four locations, will roll out over the next several quarters and includes technology integration at the point of sale to better time deliveries to enhance the guest experience.

'Office-Food-as-a-Service' Startup Level Discontinues Hot Pantry Service (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0fd3daf507&e=2715c96b29) - The Spoon
Level (formerly known as Markov), a startup that offers a managed office-food-as-a-service offering combining both food delivery and an AI-powered smart oven, has started to pull out of customer installations.

Dear Gentrifiers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8a412f5b82&e=2715c96b29) - Eater
Stop putting your restaurants in historically black neighborhoods if you can't respect the culture.

Organic

AGRICULTURE

Organic Groups Object to the Suggestion of Gene-Edited Organics (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=83def28efb&e=2715c96b29) - The Packer
USDA Under Secretary for Marketing and Regulatory Programs Greg Ibach stirred a hornet's nest when he recently said the agency's National Organic Program may consider whether gene-edited crops could be allowed for organic growers.

We're Leaving So Much Food on Farms To Just Rot in The Fields (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=398e00614f&e=2715c96b29) - Fast Company
Most of the reports you hear about food waste don't even include the amount that's left behind on farms, but new research shows it's around 33%.

Biome Makers Closes $4M to Assess The Quality of The 'Gut Bacteria' of a Farm's Soil (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4dbb3efc8b&e=2715c96b29) - TechCrunch
Seaya Ventures and JME Ventures lead the round with participation by London VC LocalGlobe. The financing will be used to keep expanding the company's footprint across different geographies and crop types.

This Volcanic Microbe Startup is Taking on Beyond Meat and Impossible in Plant-Based Race (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0c05495bc6&e=2715c96b29) - AgFunder
With big-name CVC investors like ADM Ventures and Danone Manifesto Ventures, Sustainable Bioproducts is preparing to unveil new plant-based product offerings targeting what it describes as the white space in the plant-based segment.

Data-Rigging Scandal Rocks Salmon-Farming Industry in Patagonia (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=87ec75a88d&e=2715c96b29) - Bloomberg
Nova Austral misreported its fish mortality data to regulators. Its salmon were dying in alarming numbers that had been hidden from the public.

The Life Factory: Synthetic Organisms From This $1.4 Billion Startup Will Revolutionize Manufacturing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=96dccc8ca9&e=2715c96b29) - Forbes
Ginkgo Bioworks are modifying and manufacturing organisms to make existing industrial processes cheaper and entirely new processes possible.

Tainted Pork, Ill Consumers and an Investigation Thwarted (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7c8a580d13&e=2715c96b29) - The New York Times
Drug-resistant infections from food are growing. But powerful industry interests are blocking scientists and investigators from getting information they need to combat the problem.

California Farmers Are Planting Solar Panels as Water Supplies Dry Up (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bba7dd660b&e=2715c96b29) - LA Times
Solar energy projects could replace some of the jobs and tax revenues that may be lost as constrained water supplies force California's agriculture industry to scale back.

New Harvest 2019: Envisioning a Food System Built Around Cells, Not Animals (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0bbe5de803&e=2715c96b29) - AgFunder
Five key insights about cell ag that surfaced from this year's New Harvest conference.

https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=540a586fb0&e=2715c96b29

LATEST JOB LISTINGS

WeWork Food Labs Manager (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=39a22219eb&e=2715c96b29) - San Francisco, CA

Pennsylvania Certified Organic Executive Director (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a283fe5022&e=2715c96b29) - Spring Mills, PA

Projects Coordinator at KitchenTown (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b9add53b52&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=4b818005f3&e=2715c96b29) - Remote

Sales Coordinator at Wynn's Grain and Spice (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6113b0eba9&e=2715c96b29) - Birmingham, AL

Sales/Business Development Director at Plenty (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e268e7e783&e=2715c96b29) - San Francisco

Customer Happiness Manager at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=40841385b8&e=2715c96b29) - New York, NY

Director/VP of Operations at Magic Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9070b6f188&e=2715c96b29) - New York, NY

Director of Culinary Operations at Sprinly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a24ea612ec&e=2715c96b29) - Cleveland, OH

Production Manager at Frame Partners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6ba4b90564&e=2715c96b29) - San Francisco, CA

Head of Brand at 12 Tides Seaweed Co. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5fb3effec0&e=2715c96b29) - San Francisco, CA

Quality Assurance Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ddaf893d1c&e=2715c96b29) - Newark, NJ

Sales Planning Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=428cb3782d&e=2715c96b29) - Newark, NJ

Sales Account Manager at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d18c5ff9a6&e=2715c96b29) - Newark, NJ

Sales & Marketing Coordinator at AeroFarms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=92aa5b65ec&e=2715c96b29) - Newark, NJ
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