Global food delivery service Delivery Hero announced today the official launch of its own venture capital fund that will invest in food, delivery, and other areas of the food industry. Called DX Ventures, the fund has a dedicated pool of long-term capital to devote to companies working in on-demand services, food tech, fintech, artificial intelligence,…
One thing the restaurant industry has in abundance right now is underutilized kitchen space. A lot of that extra space unfortunately exists because of widespread restaurant closures that are permanent. The small silver lining here is that some of that space is actually getting repurposed for the restaurant biz as ghost kitchens and virtual brands…
Cuisine Solutions, which manufactures and distributes sous vide food products, announced this week via an email that it has teamed up with cafe chain Pret A Manger to open what it’s calling a “dark assembly kitchen” (DAK) in New York City. Dubbed CS DAK, the ghost kitchen-like operation will offer multiple food concepts for delivery…
Even in the best of times (not a pandemic) making industry-wide predictions is kind of a guessing game. After all, anything can happen, a point underscored by the restaurant industry’s COVID-19-induced meltdown followed by a seismic shift to off-premises formats. One thing we do know with certainty as we head into the new year is…
Restaurant tech investment reached new heights (and dollar amounts) in 2020, but the bulk of that went to software, devices, and other tools meant to power the restaurant front of house. By contrast, in 2021 we will see that balance shift. This time next year, I expect to be writing about the vast amount of…
As an old saying goes, “Anything can happen, and most usually does.” And it sure did happen in 2020 for the restaurant industry. Pandemic. Dining room shutdowns. Permanent closures at alarming rates. A seismic shift to takeout and delivery formats. More shutdowns. Complete uncertainty over the state of indoor dining coupled with growing panic over…
You know the virtual restaurant movement is catching on when a famous YouTuber gets involved and their efforts are a massive overnight success. This week, Jimmy “MrBeast” Donaldson, teamed up with a company called Virtual Dining Concepts and launched a virtual restaurant brand called MrBeast Burgers. The restaurant is already serving 300 locations across the…
It’s our weekend restaurant tech news wrapup. You can subscribe to our newsletter here to get this delivered to your inbox. And now for some final thoughts on The Spoon’s ghost kitchen event, which we held this past Wednesday. For the (virtual) event, we gathered restaurant operators, tech companies, ghost kitchen infrastructure providers, and thought…
This week, The Spoon gathered a wide variety of restaurant industry players together to discuss the most pressing questions the restaurant biz faces right now around ghost kitchen adoption. Throughout the day-long virtual event, restaurant operators, tech companies, virtual restaurant owners, and ghost kitchen providers themselves weighed in on a range of topics, from the…
Welcome to our weekly restaurant tech newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. At one point most figured it would take about five to 10 years for off-premises to become the industry-wide norm in the restaurant biz and for QSRs to change their store formats accordingly. Instead,…
Ghost kitchen operator Zuul announced this week it has joined forces with lifestyle brand Thrillist to launch a “rotational ghost kitchen” offering delivery exclusives from top NYC chefs and restaurants. The program will run on Wednesday, Thursday, and Friday nights from Dec. 9 – April 16, according to a press release sent to The Spoon. …
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Back-of-house processes in the restaurant tend to involve a lot more legacy hardware and closed-loop systems, which present significantly different challenges than those at the front of house. That in turn has created a slower innovation pipeline and less interest from investors. This report will examine current back of house processes and technologies as well…