Category: Data Insights
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Ag tech VC firm, AgFunder, released its annual report on agrifood tech funding today. Companies in this sector raised $26 billion in 2020, a 15.5 percent increase over 2019. If that wasn’t enough, AgFunder actually expects that already record-breaking figure to bump up to $30.5 billion as more deals done in 2020 are revealed. The…
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Total grocery e-commerce sales in the U.S. hit $9.3 billion this past January, with nearly 70 million households placing an average of 2.8 orders across delivery, pickup and ship-to-home categories, according to a new Brick Meets Click/Mercatus Grocery Shopping Survey. January’s $9.3 billion in sales is up 15 percent over November 2020, and Brick Meets…
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The total amount of food wasted in the U.S. has leveled off since 2016, while food waste per capita has decreased 2 percent over the last three years, according to ReFED’s newly launched data hub, the Insights Engine. But more must be done to meet the country’s goal of cutting food waste by 50 percent…
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Often when we write about the growth in food robotics, it’s based on anecdotal data. For example, over the past year robot startups have told us that thanks to COVID-19, they’ve seen a surge in demand. Now, thanks to the Association for Advancing Automation (A3), we have some hard numbers to reaffirm what we’ve already…
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The fourth quarter of 2020 was bad for restaurant sales, with December being “the worst month” since July, according to the latest data from Black Box Intelligence, which shared the information in its monthly Nation’s Restaurant News update. By December, same-store sales growth fell to -13.3 percent year over year, while same-store traffic growth clocked…
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Brightseed, which uses artificial intelligence (AI) to uncover previously hidden phytonutrients in plants, today announced preclinical data from its first major discovery targeting liver and metabolic health. The discovery was made with Forager, Brightseed’s AI platform that looks at plants on a molecular level to identify novel phytonutrient compounds (for example, antioxidants in blueberries). Once…
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Grocery giant, Kroger provided its food trends recap of 2020 and predictions for 2021 over the weekend. And while the list is definitely a PR move, it does provide a little insight into where the retailer thinks food is headed over the coming year. But before we get into Kroger’s predictions, let’s take a quick…
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It was by no means high on the list of disappointments in 2020, but I was still bummed that I couldn’t visit Amazon’s first Fresh grocery store in Woodland Hills, CA when it soft launched in August of this year. It was Amazon’s first full, physical supermarket (the company had opened smaller scale Go Grocery…
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It’s probably not much of a shocker to learn that far fewer people are venturing inside quick service restaurants (QSRs) these days. There is, after all, a global pandemic that continues to rage across the U.S. But Yahoo Finance posted a story over the weekend with actual data showing just how precipitous the drop in…
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This is a guest post written by Seana Day and Brita Rosenheim, Partners at Culterra Capital, an advisory firm focused exclusively on tech-driven innovation across the food system. You can also find their 2020 Farm Tech and Food Tech Industry Landscapes and analysis at Culterra Capital. We have been covering the Food Tech and AgTech…
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Venture capital flowed into both ag tech and food tech investments during the first three quarters of this year, according to a new report out today from Finestere Ventures. Created in collaboration with PitchBook, the report found that AgriFood tech startups raised a total of $11.6 billion as of the end of Q3 2020. AgTech…
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Tastewise, which uses AI to predict consumer food trends, announced today it has launched its platform in the UK and added more localized data to help restaurants and food producers in that region better anticipate consumer eating habits. According to a press release sent to The Spoon, Tastewise has integrated data from 183,000 restaurants and…
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