Category: Data Insights
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Canada’s P&P Optica (PPO) has raised an undisclosed amount of Series B funding for its food safety inspection technology, which uses hyperspectral imaging to gather quality metrics on the food inside of processing plants. The round was led by Ag Capital Canada, with new investor Synovus Family Office as well as existing investors Fulcrum Global…
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Agtech company InnerPlant, which is changing plant DNA to create “living sensors” that mitigate crop loss, has raised $5.65 million in pre-seed and seed funding, according to an official announcement sent to The Spoon. The round was led by MS&AD Ventures, the investment arm of Japan’s MS&AD Insurance Group. Bee Partners, Up West, and TAU…
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Shipments of plant-based proteins from foodservice distributors to commercial restaurants were up 60 percent year-over-year in April of 2021, according to new data released by NPD Group today. The stat is another data point illustrating the staying power and appeal of plant-based proteins. NPD writes that plant-based beef nabbed the largest share of those protein…
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Precision medicine startup DayTwo announced over the weekend a $37 million fundraise for its app that provides users customized diet recommendations based on their gut bacteria. New investors participating include Poalim Capital Markets, La’maison Fund and Micron Ventures. They were joined by existing investors including the aMoon VC fund, 10D, and Cathay Innovation Ventures. To…
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One question looming over U.S. grocery retailers is how many of their customers who were pushed into online shopping last year will continue to do so after the pandemic recedes. Thanks to new data released from Coresight Research this week, we are starting to get an answer. According to US Online Grocery Survey 2021: Post-Surge…
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Some of the stats we’re watching closely as our nation slowly comes out of the pandemic are those for online grocery sales. Namely, will the e-commerce curbside pickup and delivery habits consumers were pushed into during lockdowns stay now that we can literally breathe easier back in stores? Thankfully the Brick Meets Click/Mercatus Grocery Shopping…
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Netherlands-based food tech company OneThird announced today it has raised €1.5 million ($1.8 million USD) for its shelf-life-prediction technology that helps growers, retailers, and distributors cut down on food waste. SHIFT Invest and Oost NL participated in the round, according to a press release sent to The Spoon. The new funds will partly go towards…
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Online grocery sales were back up in March, following a drop in February, according to new data released today by Brick Meets Click/Mercatus. Grocery e-commerce in the U.S. hit $9.3 billion in sales (the same as January), with more than 69 million households placing an average of 2.8 orders in March. Brick Meets Click also…
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More than 101 million Americans over the age of 14 will use in-store mobile payment apps to make purchases this year, up from 92.3 million last year, according to recent research from eMarketer (tip of the hat to TechCrunch). The research firm said this milestone follows 29 percent year-over-year growth for mobile payments in 2020,…
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A total of 10.2 percent of all U.S. restaurants have permanently closed since the start of the pandemic, according to new research from food industry intelligence firm Datassential. The report finds that of the 778,807 restaurants of all types in the U.S. that were open at the start of the COVID-19 pandemic, 79,438 have closed…
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While 2020 was a tumultuous year we’d all rather forget, it was actually a banner year for investment in alternative protein. According to new data released today by The Good Food Institute (GFI), there was $3.1 billion in disclosed investments in the alternative protein space in 2020. That figure is more than three times the…
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Online grocery sales fell to $8 billion in February, dropping 14 percent from January’s $9.3 billion, according to new data released today from the latest Brick Meets Click/Mercatus Grocery Shopping Survey. Brick Meets Click said the biggest factor in February’s decline was that fewer households bought groceries online. Monthly active users fell to 60.1 million…
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