Category: Education & Discovery
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As the world’s food waste issue becomes more urgent, food companies up and down the supply chain are under pressure to deliver solutions that address the problem and help consumers change their behaviors in their grocery stores and homes. One such effort that surfaced this week is the Consumer Goods Forum’s Food Waste Coalition, which…
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Alt-protein-focused venture capital firm Lever VC announced this week that it has launched a new fund targeting early stage plant- and cell-based protein companies. The Lever VC Fund I currently has $23 million in capital commitments, according to a company press release. Lever’s partners had previously invested in Beyond Meat, Impossible, Memphis Meats, and other…
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Alt-protein focused food tech accelerator Big Idea Ventures announced this week it has launched the second cohort for both its New York City and Singapore programs, according to a press release sent to The Spoon. Big Idea Ventures is a hybrid venture firm that has both a VC arm and the aforementioned accelerator program. It…
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Allergy Amulet, a company that makes a portable device to detect food allergens, has raised $3.3 million in seed funding, WisconsinInno reported yesterday. The round was led by TitletownTech, with participation from Great North Labs, Colle Capital, Great Oaks VC, DeepWork Capital, Dipalo Ventures and Bulldog Innovation Group. This brings Allergy Amulet’s total funding to…
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Today, Leaps by Bayer, an investment arm of Bayer AG, and Singapore-based investment firm Temasek announced the creation of a new company that will develop new varieties of vegetables best suited to grow in vertical farms. The new company, dubbed Unfold, raised $30 million from Temasek and Bayer in its initial funding round and plans…
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Recipes for Relief is ending its inaugural run today after raising more than $11,000 for foodservice workers like chefs and bartenders out of work because of the pandemic. The initiative was launched at the beginning of May, at the height of the shelter-in-place orders that forced so many restaurants to close dine-in operations or shut…
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Corporate catering startup Platterz announced today it has rebranded as Thriver and raised a $43.8 million CAD (~$33 million USD) Series B funding round. The round was led by Viola Growth, with participation from Vertex Ventures Israel, Union Tech Ventures, Journey Ventures, and FJ Labs, as well as existing investors Aleph and Altair Capital. This…
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You’ve heard about the uptick in snacking thanks to the pandemic. But perhaps no one is taking the rise of snacks more seriously than the California Milk Advisory Board (CMAB). Today, the organization announced the return of its product innovation competition dubbed the Real California Milk Snackcelerator. The competition looks for food producers that integrate…
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One of the recurring questions vertical farming companies face is how they are going to get their locally grown, supposedly healthier wares to more than just those with disposable income. So far, the answers have been few and far between, but that could be changing. Towards the end of last week, ABC7 reported that New…
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Joywell Foods announced today it has closed a $6.9 million Series A round to further develop its plant-based sweeteners derived from the proteins of “exotic fruits.” The round was led by Evolv Ventures with participation from Khosla Ventures, SOSV, Alumni Ventures Group, and other investors. It brings Joywell’s total funding to $13.2 million. Joywell says…
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Whether your weekend plans involve golf, Instagram listening parties, or baking yet-another loaf of quarantine bread, add a side dish of food tech news to your agenda to get things started. Here are a final few bits from this past week. Call It Cell-Based Seafood A consumer study by Rutgers University professor William Hallman has…
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A large space in Chicago that formerly housed a Target but has been sitting empty for five years will get a new life growing greens, thanks to a vertical farming company. The Chicago Tribune reported this week that Wilder Fields will turn the 135,000-square-foot space into a vertical farm that grows kale and other leafy…
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