Category: Featured
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If you feel like you’ve fallen behind in the fast-paced world of food tech, you’ve come to the right place. In this week’s Food Tech News roundup, we have stories on Feeding America’s new online platform, Costco’s partnership with Uber, a snack brand’s $10 million funding round, and one of the first companies to receive…
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For Domino’s, combatting the restaurant industry’s current labor shortage means adopting more tech to make operating procedures more efficient. Speaking on this week’s earnings call, CEO Ritch Allison said his company is “absolutely working on technologies and operating procedures to help us run our stores more efficiently, and with less labor.” One major development relates…
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As a vegan, it is my dream to see plant-based milk options everywhere I go. Most coffee shops are hip to this, but there are certainly still some areas in the foodservice sector that lag behind in the alternative milk game. A start-up called Uproot, based in New York City, has the mission of distributing…
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Plant-based cheesemaker Nobell Foods announced a $75 million Series B fundraise and launched out of stealth mode this week. The round was led by investment group Breakthrough Energy Ventures and included participation from new investors Hillhouse Capital Group and Footprint Coalition. Existing investors AgFunder, Andreesen Horowitz, Mission Bay Capital, Fifty Years, New Crop Capital, Germin8…
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Much of the recent news (and investment dollars) in vertical farming has centered on massive, stationary plant factories that produce pounds of leafy greens in the millions. Bucking this norm — and possibly building a new one for indoor agriculture in the process — is a company called InFarm. Those that follow indoor ag developments closely…
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Cultured seafood company Shiok Meats has raised an undisclosed amount of investment in a bridge funding round from Woowa Brothers Asia Holdings, CJ CheilJedang Corporation, and Vietnamese-based seafood exporter Vinh Hoan Corporation. This brings Shiok Meats’ total funding to date to $30 million, according to a company press release. The round also included existing investors…
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One major complaint of plant-based products is the lack of protein, as many alternative products are not on par with the product they are trying to replicate. The average American actually consumes double the amount of protein required, so it’s no surprise that we are so fixated on the protein content of plant-based alternatives. One…
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Indian delivery service Swiggy has closed a $1.25 billion round of Series J funding led by Softbank Vision Fund 2 and Prosus Ventures, according to TechCrunch. Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the fundraising, as well as existing investors Accel Partners and Wellington Management. The…
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Restaurant operations tech company Zenput has raised $27 million in Series C funding. The round was led by Golub Capital with participation by existing investors, including Jackson Square Ventures, MHS Capital, and Goldcrest Capital. It brings Zenput’s total funding to date to over $47 million, according to a company press release. San Francisco-based Zenput calls…
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Restaurant tech company Choco announced today it has raised $100 million in in Series B funding led by growth equity firm Left Lane Capital. Insight Partners along with existing investors Coatue Management and Bessemer Venture Partners also participated in the round, according to a press release sent to The Spoon. Choco has raised $171.5 million…
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Rise Gardens has raised $9 million in an oversubscribed Series A Round, according to a press release sent to The Spoon. The round was led by TELUS Ventures with participation from existing investors True Ventures and Amazon Alexa Fund and new investor Listen Ventures. It brings Rise’s total funding to date to $13 million. New…
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Gathered Foods, the parent company of plant-based seafood brand Good Catch, is now supplying plant-based seafood products to select Long John Silver’s location. The new menu items launched today in five locations in California and Georgia. Good Catch’s Crab-Free Cakes and Fish-Free Fillets are the two alternative products being featured at Long John Silver’s. The…
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