Latest food tech and innovation news, jobs and events.
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food tech connect
Impossible Burger
FEATURED
Impossible Foods Raises $300M, Amex Aquires Resy + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7bc1448005&e=2715c96b29)
Our round-up of last week's top food innovation news.
EVENT
WSJ
Join Us at The Wall Street Journal's Future of Everything Conference
Heading to the Wall Street Journal's Future of Everything Conference? Come taste Varietal Crop Crackers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=99ea01c64e&e=2715c96b29) , a new beta product from our sister company Alpha Food Labs. Crop Crackers are made from a symbiotic assortment of wheats, legumes and seeds all grown in a crop rotation, which promotes soil health and makes for a delicious snack cracker.
LEARN MORE (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=708a8454cd&e=2715c96b29)
Aleph Farms
CPG
Israel: Aleph Farms Raises $12M With Investment From Cargill (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=30eb312da5&e=2715c96b29) - Food Dive
VisVires New Protein led the round in the cultured meat company, with participation from Cargill, Strauss Group and other venture capitalists.
Beyond Meat Shares Spike another 14%, Leaving Uber in the Dust After IPO (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c43136fd09&e=2715c96b29) - CNBC
The company's IPO has left every other debut in the dust, including Uber Technologies' highly anticipated foray into the public market.
The Mighty Pea Is Everybody's New Favorite Plant-Based Protein (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d205776204&e=2715c96b29) - Bloomberg
It's become a hot commodity, but is there enough of it to meet demand?
Hybrid VC Firm Big Idea Ventures Wants to Scale the Alternative Protein Revolution (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e85853e0eb&e=2715c96b29) - The Spoon
Helmed by Andrew Ive, formerly of Food-X, Big Idea Ventures is a hybrid venture firm with a VC arm and accelerator program. Backed by the likes of Tyson Foods and Temasek, its first fund, the New Protein Fund, has made its first close of $50m.
Mars Will Build A Food Tech Research Hub In Israel With Jerusalem Venture Partners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7abaa2a00&e=2715c96b29) - Forbes
The research and development center will help startups scale and commercialize tech solutions that touch any aspect of the global food system, from farming to nutrition.
New Zealand's Fonterra Sells Tip Top Ice Cream to Froneri for $250M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2f3a205e37&e=2715c96b29) - Reuters
Dairy group Fonterra on Monday confirmed the sale of its New Zealand Tip Top ice cream business to UK-based Froneri for NZ$380 million ($250.3 million), as it looks to trim its portfolio and focus on international markets.
B&G Foods acquires Clabber Girl (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7db3e4cbc&e=2715c96b29) - Food Business News
B&G Foods, Inc. announced it has acquired the Clabber Girl Corp, maker of baking powder, baking soda and corn starch, from Hulman & Co. Financial terms of the transaction were not disclosed.
Support Parents with Paid Family Leave (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1fcb1e7612&e=2715c96b29) - Cassandra Curtis and John Foraker
The Once Upon a Farm Co-Founders share their approach to paid family leave, including 12 weeks of paid parental leave, 6 weeks of caregiving leave and 6 weeks of sick leave.
RETAIL
Kroger Launches Brand Accelerator (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5a68440288&e=2715c96b29) - Grocery Dive
The new venture, which Kroger is undertaking in partnership with private equity firm Lindsay Goldberg, will become part of the grocer's growing alternative investment portfolio and will utilize the chain's data and merchandising expertise.
India: SoftBank Leads $200M Investment in India's Grofers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=735d5fdd74&e=2715c96b29) - Reuters
The investment will be used to scale the company and to compete with competitors by offering more affordable prices.
Halla Raises $1.4M Seed Round, Pivots to Focus on AI-Powered Grocery Recommendations (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f85c3c615c&e=2715c96b29) - The Spoon
Halla, a startup that uses machine learning and AI to power food recommendations for grocery shoppers, has raised a $1.4M seed round led by E&A Venture Capital with participation from SOSV.
Starbucks Secures $1B Sustainability Bond (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f63731def9&e=2715c96b29) - Restaurant Dive
The bond will support ethically sourced coffee, including purchasing coffee verified by Coffee and Farmer Equity Practices, developing and operating farmer support centers, research and development and loans to support coffee farmers.
Online Grocery Gains 35M Shoppers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d82597ecb1&e=2715c96b29) - Grocery Dive
Nearly 37% of U.S. shoppers have purchased groceries online in the past year, up from 23% the year prior, according to Coresight Research's US Online Grocery Survey 2019.
Whole Foods and Other Major Retailers Now Accept Bitcoin — Whether Anyone Notices or Not (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5e90572c0c&e=2715c96b29) - Food & Wine
Spedn, a new app by the Flexa network that launched this week, is allowing retailers like Baskin Robbins, Caribou Coffee, Jamba Juice and Whole Foods to seamlessly accept bitcoin.
Resy
RESTAURANTS
American Express Buys Resy to Reclaim Its Place in the Hearts of Power Diners (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9bf325bff7&e=2715c96b29) - Eater
Terms of the deal were not disclosed.
Food Delivery Boom Means Sandwiches Don't Come From Restaurants Now (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=25a2ae24bc&e=2715c96b29) - Bloomberg
Shared-space restaurants are fast and low cost, but failures have piled up in the new business model that's still like the Wild West.
Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d918ff3be9&e=2715c96b29) - Fortune
An unclear path to profitability is one reason for Uber's poor stock performance. Can its lucrative food delivery service save the company?
McDonald's Strategy to Personalize Ordering (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a8ba4dbfbd&e=2715c96b29) - WSJ
Using customer data and technology, the company hopes to make its offerings more in tune with individual preferences
Why Some Restaurants Call Food Delivery Apps A 'Necessary Evil' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=103ad185d5&e=2715c96b29) - WAMU
Customers love getting dinner through apps like Uber Eats. But is the cost of convenience too high for local businesses?
Round-up
AGRICULTURE
Bayer Nears Seven-Year Low After $2B Award in Roundup Trial (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4fe932c8ea&e=2715c96b29) - Reuters
Bayer shares fell by as much as 5 percent on Tuesday after a California couple were awarded more than $2 billion in the largest U.S. jury penalty over allegations its Roundup weed killer causes cancer.
India: Nabard Floats $100M VC Fund for Rural, Agriculture Startups (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=57d57cd17c&e=2715c96b29) - VCCIRCLE
Nabventures Ltd, a subsidiary of the National Bank for Agriculture and Rural Development (Nabard), the fund will invest in rural and agriculture-focussed startups.
Saudi Arabia: Red Sea Farms Raises $1.9m to Grow Tomatoes in the Desert Using Saltwater (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1c11fa2b77&e=2715c96b29 ) - AgFunder
King Abdullah University of Science and Technology (KAUST) Innovation Fund and the Research Products Development Company (RPDC) invested to help the company build a 2,000 square meter saltwater greenhouse.
Trump Readies up to $20B More in Aid to Rescue Farmers From Trade War (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e1bc835d94&e=2715c96b29) - Politico
Agriculture Secretary Sonny Perdue announced the possible second round of trade aid to help offset losses from China's latest retaliatory tariffs late Wednesday.
'No End in Sight' for Farmers Feeling Pain of Trump's Trade War (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ba28ede710&e=2715c96b29) - Bloomberg
Among the hardest hit and most vulnerable to continuing tensions are soybean growers across the U.S. grain belt. Soybean futures on Monday skidded to their lowest prices in more than a decade and are down more than 20% from a year ago.
Ag Startup NanoGuard Technologies Raises $6M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f63e35e827&e=2715c96b29) - St. Louis Post-Dispatch
Yield Lab lead the round with participation from Fulcrum Global Capital, The Andersons and Bunge.
Synthetic Biology Is Changing What We Eat. Here's What You Need to Know (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4c356af04a&e=2715c96b29) . - Civil Eats
From bleeding burgers to vegan shrimp, synbio food is backed by billions of dollars in funding, but questions remain about its safety and possible risks.
The Race Is on to Find the Next Sustainable Superstar Seafood (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d0088d198e&e=2715c96b29) - Fortune
When it comes to seafood harvested off the California coast, what's familiar may not be sustainable.
This Sustainable Technology Could Save America's Dairy Farms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=75363cd60b&e=2715c96b29) - Forbes
Biodigesters offer dairy farmers a way to mitigate environmental impacts and win back the elusive millennial consumer.
Ikea
EATERS
SNAP Participants Will Soon Be Able to Use Food Stamps to Buy Food Online (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5d570d9432&e=2715c96b29) - Modern Farmer
The USDA announced this week that SNAP is rolling out a pilot program—first in New York, quickly expanding to other states—allowing SNAP benefits to be used for online groceries.
This Cookbook From the Future Teaches You to Make Bug Burgers and Algae Chips (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c7cc02bd4d&e=2715c96b29) - Fast Company
Designed by Ikea's innovation lab Space10, Future Food Today is chock-full of recipes that use unconventional ingredients like microalgae and mealworms.
BSH Home Appliances Invests in Chefling to Bolster the AI-Powered Pantry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8671475cd4&e=2715c96b29) - The Spoon
The Munich-based appliance giant will acquire one third of the shares of the Silicon Valley startup as part of the deal, the terms of which were not disclosed.
Why Eating Processed Foods Might Make You Fat (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=70a4ce60c5&e=2715c96b29) - New York Times
People who followed a diet of ultra-processed foods ate about 500 more calories a day compared to when they ate a whole foods diet.
https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3fbcd63b21&e=2715c96b29
LATEST JOB LISTINGS
Account Manager at Leanpath (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f814c6e19d&e=2715c96b29) - Portland, OR
Community and Marketing Manager at Banner Butter (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3e8d1d75d6&e=2715c96b29) - Atlanta, GA
Catering Coordinator at Clover Food Lab (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2c4f84b884&e=2715c96b29) - Boston, MA
Sr. Sensory Science and Insights Manager at Land O' Lakes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=95387cee70&e=2715c96b29) - Arden Mills, MN
Kitchen Staff @ Fast Growing Beverage Startup at Sweet a Little (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ab9b439b16&e=2715c96b29) - San Francisco, CA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a93eefc0f3&e=2715c96b29) - San Francisco, CA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=eaeb946729&e=2715c96b29) - Boston, MA
Brand Ambassador at LAVVA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=856edcd850&e=2715c96b29) - Miami, FL
Sales Senior Manager at Plenty (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b73414070a&e=2715c96b29) - San Francisco, CA
Business Development Director at Plenty (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b58dd675b2&e=2715c96b29) - San Francisco, CA
Program Director at Food System 6 Accelerator (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=320c0f3076&e=2715c96b29) - California
Business Operations & Administration (Part-Time) at Chirps Cricket Chips (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f049c18ba6&e=2715c96b29) - San Francisco, CA
Square Roots Farm Manager at Square Roots (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=69c69c0c89&e=2715c96b29) - Grand Rapids, MI
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