Latest food tech and innovation news, jobs and events.
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gender bias
FEATURED
Gender Bias in Agri-FoodTech Investing, Food52 Sells Majority Stake for $83M, Amazon to Launch Grocery Chains + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=52bd236468&e=2715c96b29)
Our round-up of last week's top food innovation news.
Can Grocery Stores Survive the Age of Big Tech? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6db632ca0a&e=2715c96b29) - Food52
The way we shop for food has never looked more different. As consumers demand personalization and immediacy, even companies like Amazon own a piece of the brick-and-mortar pie.
2018 U.S. Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e6d941c12b&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.
⚡️ SF EVENT ALERT ⚡️
Rethinking CPG
Join us for Rethinking CPG SF to learn about the business models, technologies and strategies of some of the game-changers who are transforming the food industry. Hear from John Foraker, co-founder & CEO of Once Upon a Farm (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db82cb364c&e=2715c96b29) , Larissa Russell, co-founder & CEO of Pod Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=04be30459f&e=2715c96b29) and Livio Bisterzo, founder and CEO of Green Park Brands and co-founder of Buddy Nutrition (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=521d2a8ddb&e=2715c96b29) .
You'll also sample products from AKUA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=191adb40b4&e=2715c96b29) , Blue Evolution (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5dc067658e&e=2715c96b29) , Burlap & Barrel (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=23713ab182&e=2715c96b29) , Kaibae (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0640fd252d&e=2715c96b29) , Kuli Kuli (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5b679b4602&e=2715c96b29) , The Teff Company (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e2dd818cb2&e=2715c96b29) and more.
Do you have a food, beverage or technology you'd like to sample at the event? Apply Now (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bb56532721&e=2715c96b29) !
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bolthouse
CPG
Campbell Soup Missed Out on One Amazing Opportunity to Get Into the Surging Cannabis Industry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=60c08f16c4&e=2715c96b29) - Yahoo!
BoltHouse Farms is poised to launch at least 25 CBD-infused products this January, including coffee and juice. Earlier this year, Campbell Soup unloaded the company for $510m to focus on soups and snacks.
Harbinger Ventures Closes Second Fund (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f1dba20ca8&e=2715c96b29) - Nosh
The fund is worth $21.7m. The firm invests in early-stage companies that are led by female or "mixed-gender" founder teams.
Plant-Based Meats Have Huge Potential in China, But Beijing Wants a Homegrown Champion (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=044b02129f&e=2715c96b29) - Fortune
The Chinese market for alternative meat is the largest in the world, chalking up sales of $910m in 2018 – compared to $684m in the US. Hong Kong-based OmniPork plans to enter mainland China in October.
This Startup Uses Genetically Modified Probiotics to Alleviate Hangovers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7dd85bc05d&e=2715c96b29) - The Spoon
ZBiotics mimics an enzyme in your liver that breaks down acetaldehyde, a byproduct of alcohol consumption that in part causes hangovers.
Canada: Noblegen Gears Up for Launch of Complete Protein from a Non-GMO Source That Can Go 'Head to Head' with Animal Protein (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b05acbfd5e&e=2715c96b29) - Food Navigator
Euglena gracilis has the metabolic capacity of both animals and plants, and it can produce proteins that are similar from a nutrition and functionality standpoint to animal proteins.
'American Sriracha': How a Thai Sauce That Migrated to the US Became a Global Phenomenon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3e7336273a&e=2715c96b29) - Fortune
Last year, Huy Fong's Sriracha made $80m in revenue. The US hot sauce market was valued at $700m in 2018.
Changing Snack Appetites Leave Granola Bars Behind (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dd1eb9a849&e=2715c96b29) - Wall Street Journal
Sales are falling for General Mills' Nature Valley bars and Kellogg's Special-K bars, while snack bar sales are rising overall.
Why Chicago Is the Nation's Capital of Food and Beverage Manufacturing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=00ec7f722c&e=2715c96b29) - Food Dive
About 4.5k companies call the metro area home today, employing about 130,000 people in manufacturing, distribution and marketing. Here's why they wouldn't be located anywhere else.
udaan
RETAIL
India: Three-Year-Old Startup Snags $585M From Tencent, Others (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d8d2927ba9&e=2715c96b29) - Bloomberg
Udaan has raised $585m from investors including Tencent Holdings, Altimeter Capital, GGV Capital and Citi Ventures. The e-commerce marketplace startup sources directly from small manufacturers, farmers and mill owners.
Google-Backed Dunzo Raises $45M to Expand Its Hyperlocal Delivery Startup in India (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=778ba28eb4&e=2715c96b29) - TechCrunch
Lightbox Ventures, STIC Investment, STIC Ventures and 3L Capital also participated in the series D round. The startup said it will use the fresh capital to expand its technology infrastructure and develop partnerships with small and medium businesses.
Walmart Pilots Blockchain Project to Track Shrimp Exports from the Farmer in Andhra to an Overseas Retailer (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=695639160d&e=2715c96b29) - Livemint
The pilot project is the first known use of blockchain to track shrimp exports from the Indian farmer to an overseas retailer.
Tesco Invests in Checkout-Free Startup Trigo (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e4a6ad770a&e=2715c96b29) - Grocery Dive
Financial terms were undisclosed. Trigo has installed its AI-powered system inside a 3,000-sq-ft store at Tesco's headquarters.
Uber's Next Stop: Delivering Food and Pills to Needy Patients (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c6f5b7833b&e=2715c96b29) - Yahoo!
Uber us moving to leverage Uber Eats to address very specific needs of patients that lack access to reliable transportation, or simply can't get around on their own.
Online Grocers Dive Deeper into Personalization (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f9c60e3d86&e=2715c96b29) - Grocery Dive
Hungryroot wants to improve its product curation, while Move plans to build stores and assign each of its e-commerce customers a personal shopper.
7 Burning Questions About Amazon's New Grocery Chain (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a0e289366d&e=2715c96b29) - Grocery Dive
The company has a blank slate to create a fresh, differentiated experience. But its success in a saturated industry is not guaranteed.
impossible whopper
RESTAURANTS
Meatless Meat Is Becoming Mainstream – and It's Sparking a Backlash (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=588dd33beb&e=2715c96b29) - Vox
The growing pushback against Impossible and Beyond burgers in fast-food chains, explained.
Australia's Burger King Franchise Unveils $1M Vegan Burger (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=94282312d9&e=2715c96b29) - VegNews
Vegan meat startup v2food's innovative burger patty, backed by a $1m investment from Hungry Jack's founder Jack Cowin, aims to be an affordable and sustainable alternative to beef.
India: Foodtech Unicorn Zomato 'Finalizing' $600M Round Led by Ant Financial, Temasek (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6c2384589d&e=2715c96b29) - AgFunder
Zomato's main competitor, Swiggy, is also said to be close to sealing a $750m round led by Naspers. The two companies are locked in an expensive battle to grab a larger share of India's food delivery market.
60% of Restaurant Orders Are Now Off-Premises (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3625d69c39&e=2715c96b29) - The Spoon
Ninety-two percent of consumers ordered via drive-thru, 90% ordered via takeout and 79% ordered through restaurant delivery at least once per month.
What Does Amazon's Entry in Cloud Kitchens Mean for Foodtech Space in India (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=171bc5eb90&e=2715c96b29) - Entrepreneur
Amazon is speculated to foray into cloud kitchen segment and launch private food brands in Bengaluru.
creoptix
AGRICULTURE
Switzerland: Microfluidics Mastery Earns Switzerland's Creoptix $8M Series C (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=43bdd3ef01&e=2715c96b29) - AgFunder
The round was led by Swisscanto Invest by Zürcher Kantonalbank. Proceeds will enable the startup to strengthen its commercial operations in Europe as well as in the US and to expand its market share.
Barn2Door Raises $3.4M to Help Farmers Connect Directly with Customers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=05284b0e63&e=2715c96b29) - GeekWire
The Series A round was led by Lead Edge Capital. Funding will be used to continue building its technology.
From Russia with Funds: EFKO Group Launches $50M Foodtech Fund (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ebffa461af&e=2715c96b29) - AgFunder
Its key investment areas are technologies and markets that could disrupt existing businesses, make more efficient use of existing resources, reduce health impact and promise to make food production more sustainable.
This Israeli Startup Is Hitching a Ride with NASA to Make 'Space Meat' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=398e2d7b07&e=2715c96b29) - Fast Company
Aleph Farms was able to successfully assemble a small-scale bit of muscle tissue in a 3D bioprinter under microgravity conditions, proving its concept that meat can be created in a lab in even the most extreme of environments.
Netherlands: This Feed Additive Could Significantly Reduce Methane-Emitting Cow Burps (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db8f69ba8b&e=2715c96b29) - New Food Economy
Dutch chemical company DSM plans to launch a feed additive, named Bovaer, that it promised can achieve consistent methane reduction by 30%. The product is expected to launch in Europe in late 2020 or early 2021.
Can Dry Farming Help Save California's Vineyards? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f711818bd1&e=2715c96b29) - Civil Eats
As the state faces ever hotter, drier and more erratic weather, advocates of dry farming say its time has come—again.
How the Trade War Crushed a Growing Chinese Market for US Cranberries (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3f5f7783b4&e=2715c96b29) - NPR
The US has spent millions to get China to embrace the unknown fruit — and it did. Now, tariffs have driven China to buy its cranberries from other countries, leaving US farmers in the lurch.
We're Pulling Tuna Out of the Ocean at Unprecedented — and Unsustainable — Rates (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f284281c2c&e=2715c96b29) - NPR
A new study finds that tuna harvests have increased by an astonishing 1,000% in the last 60 years — a rate some scientists warn is unsustainable.
food stamps
EATERS
Trump Administration Unveils More Cuts to Food Stamp Program (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4ecdfc6c3f&e=2715c96b29) - New York Times
The administration's proposal, the third food-stamp rule change since December, would reduce spending by $4.5b over five years and cut benefits for one in five families.
Israel: Longliv Invests $5M in Microbiome Co DayTwo (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1125d834bb&e=2715c96b29) - Globes
The Israeli company has developed a microbiome human discovery platform that offers a glycemic control solution for people with type II diabetes.
Scientist Who Discredited Meat Guidelines Didn't Report Past Food Industry Ties (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eb9daa3e3e&e=2715c96b29) - New York Times
The lead researcher, Bradley C. Johnston, said he was not required to report his past relationship with a powerful industry trade group.
When Efforts to Eat 'Clean' Become an Unhealthy Obsession (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=48f3604912&e=2715c96b29) - NPR
Whether it's gluten or dairy, many people avoid certain types of foods these days. Sometimes food avoidance can take over people's lives and veer into an eating disorder.
UK: Greyparrot Uses Computer Vision to Improve Waste Management (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9cabc99072&e=2715c96b29) - TechCrunch
The startup has been testing its solution in facilities in the UK and South Korea. It has raised $1.2m so far.
Israel: Food Allergy Detection Startup Allerguard Raises $1.5M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1ecde4a4c1&e=2715c96b29) - CTech
The round was led by CoShare. Allerguard develops a handheld device that scans and analyzes the vapors coming out of prepared food to determine the presence of allergens.
Salt and Pepper Are No Longer Enough (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3835f4bf8e&e=2715c96b29) - Wall Street Journal
More varied flavors in our cuisine call for bolder additions at the table, from chili flakes and wasabi to fish sauce and chaat masala.
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LATEST JOB LISTINGS
Sales and Development Representative at Cousins Maine Lobster (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=210f4f65f6&e=2715c96b29) - CT & NY
Product Manager at New York Hemp Oil (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bc3f6e7d7f&e=2715c96b29) - Cortland, NY
Director of Finance and Operations at Parlor Coffee (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=324c6cd17d&e=2715c96b29) - Brooklyn, NY
Post-Doctoral Fellowship in Food Innovation and Agricultural Technology at Santa Clara University (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8b5efa5aae&e=2715c96b29) - Santa Clara, CA
General Manager at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eeb190e0d8&e=2715c96b29) - Charlotte, VT
Head Chef at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ae506b12cb&e=2715c96b29) - Charlotte, VT
Food & Beverage Manager at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c86dd1ca89&e=2715c96b29) - Charlotte, VT
Operations Manager Guru at Eclipse Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6d7a0e9083&e=2715c96b29) - Berkley, CA
Producer Support Operations Specialist at Fair Trade USA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=679d5adbdf&e=2715c96b29) - Oakland, CA
Sales Development Representative at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b539800ac6&e=2715c96b29) - Portland, OR
Account Manager at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7e81a9da19&e=2715c96b29) - Portland, OR
Business Development Manager // Enterprise Sales at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=77e2c80f15&e=2715c96b29) - Portland, OR
Director, Customer Success and Account Management at Impossible Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ac5758d61c&e=2715c96b29) - Redwood City, CA
Retail Sales Associate at Ark Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f909125d1b&e=2715c96b29) - Brooklyn, NY
Chief Financial Guru at East Bali Cashews (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d0591050a0&e=2715c96b29) - Bali, Indonesia
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