Latest food tech and innovation news, jobs and events.
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f52
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=4c9a817c37&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=1885513fbd&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.
Canopy
CPG
Canopy Growth Readies for CBD Sports Products With BioSteel Deal (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0b144745e3&e=2715c96b29) - Bloomberg
Canopy Growth has acquired a majority stake in BioSteel Sports Nutrition as the marijuana company seeks to expand its product offering. Financial terms were undisclosed.
Tea Time: Yogi Tea Acquires Choice Organic (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f431f5c197&e=2715c96b29) - Nosh
The acquisition of the 30 year-old brand was completed earlier this year for an undisclosed sum.
Food Tech in Israel: What Ingredients Make Up the 'Secret Sauce' of Innovation? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=16cbafc23d&e=2715c96b29) - Food Navigator
A food manufacturer, startup incubator and venture capital share insight on the booming food tech scene in Israel.
From Peel Potential to Functional Florals: AI Trend Platform Spoonshot Emerges from Stealth Mode with Future Forecasts (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d3138e96af&e=2715c96b29) - Food Navigator
Spoonshot leverages machine learning and food science infused algorithms to deliver personalized insights and trend predictions, identifying emerging innovation opportunities.
Just Finally Cracking the Market for Vegan Eggs, Cultured Meat After Rough Year (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c5fd509f3b&e=2715c96b29) - San Francisco Chronicle
After a relatively quiet 2018, the success of Just Egg — and the promise of meat grown in a lab — sees a company that's truly come into its own this year.
With Broad Industry Support, "Skip the Chemicals and Just Go With Organic" Campaign has Launched (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ed2332d8b2&e=2715c96b29) - Organic Insider
The organic industry finally has its own advertising campaign backed by 100 companies. Organic Voices has received committed funds of $1m per year over the next two years.
amazon grocery
RETAIL
Amazon's Grocery-Store Plan Moves Ahead With Los Angeles Leases (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=30fa52c415&e=2715c96b29) - Wall Street Journal
Amazon is pushing ahead with a plan to open a chain of US grocery stores (not Whole Foods), with early outposts in Los Angeles, Chicago and Philadelphia.
Amazon Is in Talks to Bring Its Cashierless Go Technology to Airports and Movie Theaters (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f729e810ba&e=2715c96b29) - CNBC
Amazon is in talks to bring Go to OTG's CIBO Express stores at airports and Cineworld's Regal theaters.
To David Chang, the 'Ethnic' Food Aisle Is Racist. Others Say It's Convenient. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c43627ce7e&e=2715c96b29) - The Washington Post
Chang says dedicating a particular supermarket aisle to international foods is segregation.
Postmates, DoorDash Want to Deliver Your Groceries, Too (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e36a67ef0e&e=2715c96b29) - Wall Street Journal
Delivery companies are striking deals beyond restaurants to expand their reach and revenue.
As Instacart Gains Ground, Tech Players Organize to Take Back the Last Mile (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9fcdf9dac6&e=2715c96b29) - Grocery Dive
Firms like Onfleet, Bringg and Mercatus have teamed up to offer end-to-end online fulfillment as consumer adoption continues to grow and evolve.
Kroger Will Lay Off Hundreds of Employees As Online Competition from Amazon Bites (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=904fcb4996&e=2715c96b29) - Fast Company
Kroger is set to lay off hundreds of its employees across all its grocery store chains. Currently the grocer has 443,000 employees across all of the chains it owns.
Europe: Kroger's Latest Gimmick Is in Good Taste – a Food Hall (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=688d24a05b&e=2715c96b29) - The Motley Fool
The leading supermarket chain is testing the European dining concept at a new store near its headquarters.
7shifts
RESTAURANTS
Canada: Saskatoon-Based 7Shifts Raises Additional $7.9M CAD in Series A (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=217e4fa274&e=2715c96b29) - Betakit
Napier Park Financial Partners, Relay Ventures and Conexus Credit Union led the round. The company plans to use the funding to keep up its momentum and grow its presence in North America.
Seattle Company Is Using Artificial Intelligence to Make Pizza; Check Out the Assembly Line (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f059f17ef0&e=2715c96b29) - The Seattle Times
Picnic wants to perfect its pizza production and later plans to expand into the production of salads, bowls, and Mexican food using its automated platform. The assembly line can create up to 300 12-inch or 180 18-inch pizzas per hour.
UK: Deliveroo Keeps on Growing, So Do Losses Hitting $284M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4d230de779&e=2715c96b29) - Bloomberg
Deliveroo's battle with food delivery rivals is intensifying after the UK-based startup posted strong growth, but also an increase in losses.
New York vs. Grubhub (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2739aab9c6&e=2715c96b29) - New York Times
Restaurant owners say Grubhub's business model has cut into their profit margins. A New York City Council committee is investigating.
In Japan and China, Robots Could Soon Deliver Food to Your Doorstep (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=93438062e7&e=2715c96b29) - CNBC
Meituan, China's biggest food delivery company, is trialing its unmanned robots in offices and hotels in Beijing and Shenzhen. In Japan, robot company ZMP has developed and tested a food delivery robot in universities and apartment complexes.
Inside America's First Cannabis Cafe (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=be0c5aa364&e=2715c96b29) - Bloomberg
Lowell Cafe is the first location in the US to allow onsite cannabis consumption and is the latest extension of the legal weed market in California. The new restaurant, which counts Miley Cyrus as an investor, is one of a handful that got approved in West Hollywood.
womxn
AGRICULTURE
Perception Is Reality: Data Reveal Gender Bias in Agri-FoodTech Investing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a217c85d4f&e=2715c96b29) - AgFunder
Female startup founders face more skepticism, loaded questioning, and smaller commitments from investors than their male counterparts. Just 7% of agri-foodtech deals and 3% of the record-breaking volume of dollars invested in the sector 2018 went to female-founded teams.
Trump Farm Secretary: No Guarantee Small Farms Will Survive (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a279a68682&e=2715c96b29) - Associated Press
Sonny Perdue told Wisconsin farmers that he doesn't know if the family dairy farm can survive as the industry moves toward a factory farm model.
Paine Shwartz Closes Latest Sustainable Food Chain Fund at $1.4B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8f383aef03&e=2715c96b29) - Pensions & Investments
Paine Schwartz's fifth food chain fund will invest in agribusiness and food businesses. Investors include the Texas Teacher Retirement System and Rhode Island State Investment Commission.
Making the Investment Case for Regenerative Agriculture (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=43a0dbfb31&e=2715c96b29) - AgFunder
The inaugural Regenerative Food Systems Investment Forum highlighted our food system's potential to end up in disaster compared to its potential for regenerative growth.
Alibaba and Bayer to Create Blockchain-Based Ag Tracking System (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8fc16e9701&e=2715c96b29) - AgFunder
The two parties aim to increase efficiency for the food and crops industry with the new tech, with the goal of helping farmers to increase their yield and ensure that their crops are of high quality.
With $100, You Too Can Invest in Regenerative Agriculture (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=11fd9049cb&e=2715c96b29) - Civil Eats
Steward is putting capital into helping sustainable, small farms grow, while cultivating a new kind of farm investor.
Trump Picked Big Oil Over Big Corn—and Now Farmers Are Pissed (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1496f64b4f&e=2715c96b29) - Mother Jones
For corn growers, who have been locked in a long cycle of chronic overproduction, the ethanol mandate is a lifeline: It provides a guaranteed market for about one-third of their annual corn crop.
Avocado Toast, Meet Gene Editing (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=43ebecab70&e=2715c96b29) - New York Times
Scientists in the US and Mexico have mapped the DNA of several varieties, work that could help the fruit survive the effects of climate change.
The Food System Needs Whistleblowers, Too (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2e686589da&e=2715c96b29) - Civil Eats
After the USDA recently handed over responsibility for food safety in pork production to the industry itself, a government accountability advocate urges greater protection for whistleblowers.
Gordon Food Service and Square Roots Launch First Onsite Vertical Farm (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c77b88b9f6&e=2715c96b29) - The Spoon
The aim of the partnership is to build Square Roots Farms at or near Gordon distribution centers across North America.
Forget Animals, Animal Cells and Plants, Says Air Protein: The Most Sustainable 'Meat' Is Made from Microbes... and Thin Air (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a3b55bf8df&e=2715c96b29) - Food Navigator
Air Protein is one of a handful of companies converting the greenhouse gas carbon dioxide into proteins.
Irrigation for Farming Could Leave Many of the World's Streams and Rivers Dry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=50c25e69e5&e=2715c96b29) - NPR
A new study shows many of the world's streams and rivers could dry up because people are draining underground aquifers that sustain streams through dry periods. Climate change won't help matters.
EATERS
New York City Public Schools Ban Processed Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fbc5b7898d&e=2715c96b29) - Grub Street
Under Resolution 238, there will be no more bologna, salami, pepperoni or bacon. There's no word yet on when the new ban will begin.
We Are a Lifestyle Brand': Food52 Will Sell $30M Worth of Products This Year (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ca1e4e70a5&e=2715c96b29) - ModernRetail
Sales from its online shop currently represent 75% of its total revenue, and e-commerce sales are growing 50% year-over-year. Its $83m majority stake sale was pushed by a continued expansion into commerce and its DTC brands.
Bankrupt Lab-Testing Startup UBiome Plans to Shut Down, Liquidate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2077bd91e1&e=2715c96b29) - Wall Street Journal
After raising more than $80m and sparking federal investigation over its billing practices, the startup will convert from chapter 11 to chapter 7 bankruptcy.
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LATEST JOB LISTINGS
Product Manager at New York Hemp Oil (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b52eb10cf6&e=2715c96b29) - Cortland, NY
Director of Finance and Operations at Parlor Coffee (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6864c5fbd8&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=48d5531c55&e=2715c96b29) - Santa Clara, CA
General Manager at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7f7944d7b3&e=2715c96b29) - Charlotte, VT
Head Chef at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=89d5b3db22&e=2715c96b29) - Charlotte, VT
Food & Beverage Manager at Bio-Logical Capital (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=52ac7ffc19&e=2715c96b29) - Charlotte, VT
Operations Manager Guru at Eclipse Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c5a54d5d5c&e=2715c96b29) - Berkley, CA
Producer Support Operations Specialist at Fair Trade USA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b44547c6bd&e=2715c96b29) - Oakland, CA
Sales Development Representative at Leanpat (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d8bd5030f8&e=2715c96b29) h - Portland, OR
Account Manager at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7c9779bdfc&e=2715c96b29) - Portland, OR
Business Development Manager // Enterprise Sales at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=29639dc135&e=2715c96b29) - Portland, OR
Director, Customer Success and Account Management at Impossible Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=893b4ce231&e=2715c96b29) - Redwood City, CA
Retail Sales Associate at Ark Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1221948bcd&e=2715c96b29) - Brooklyn, NY
Chief Financial Guru at East Bali Cashews (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=710243652a&e=2715c96b29) - Bali, Indonesia
Sales Lead at Pod Foods Co (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4fe636b933&e=2715c96b29) - Los Angeles, CA; New York, NY
SEARCH MORE JOBS! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=454d5d7090&e=2715c96b29)
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