Category: Business of Food
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Up to now, Flashfood’s surplus grocery/food waste-fighting service has enjoyed a noteworthy but fairly small presence among American consumers. New developments are set to change that. The Canada-based company recently announced an expansion with The Giant Company that will make the Flashfood app and service available in many more grocery stores across the U.S. Carlisle,…
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Future Meat has officially opened what it says is the world’s first production facility for cultured meat. The plant, located in the company’s hometown of Rehovot, Israel, is a big step in accelerating Future Meat’s timeline for getting regulatory approval to sell cultured meat and then actually getting products onto consumers’ plates. Future Meat says…
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BrightFarms, which operates a network of greenhouses in the U.S., is launching an innovation and research hub at its Wilmington, Ohio headquarters, according to an announcement sent to The Spoon. Dubbed BrightLabs, the research facility will build on BrightFarms’ existing work growing leafy greens in a greenhouse setting aided by tech. The company calls BrightLabs…
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Better Juice, a company that uses enzymatic technology to reduce the amount of sugar in natural juices, has raised $8 million in seed funding. The round was led by iAngels with participation from Maverick Ventures, Food Tech Lab TFTL, The Kitchen Hub, NEOME, Schestowitz Group, and Semillero. The company’s tech comes in the form of…
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If you’re like me and love the umami savoriness of meat and seafoods, I’ve got some good news for you: plant-based ingredient engineering unicorn Motif just announced they’ve added the ability to create umami to their toolbox of technologies for plant-based food. According to this week’s release, Motif’s latest protein “provides the rich umami flavor…
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ResQ, whose software platform manages restaurant repair and maintenance tasks, has raised $7.5 million in seed funding, bringing its total funding thus far to $9 million. Homebrew, Golden Ventures, and Inovia Capital led the round, which also saw participation from various angel investors, including Instacart president Nilam Ganenthiran, Gokul Rajaram (Doordash, Board of Pinterest and…
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S2G Ventures has invested in five different companies as part of the inaugural investments for its $100 million Oceans & Seafood fund. The point of the new fund is to support companies and entrepreneurs building new systems, solutions, and processes geared towards the “blue economy.” The World Bank defines the blue economy as “the sustainable…
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Uber is acquiring the remaining 47 percent in grocery delivery service Cornershop, according to Uber’s most recent 8-K filing, released at the end of last week. The all-stock transaction is expected to close next month. The deal follows Uber’s acquisition in 2019 of a majority stake in Chile-based Cornershop. At the time, Uber CEO Dara…
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Israel-based Equinom announced today it has raised a $20 million Series C funding round led by Phoenix. The round also included participation from Fortissimo, Trendlines, Maverick, and BASF, and brings Equinom’s total funding to $27.6 million. Equinom uses AI to improve upon the existing nutrition of seeds, including a seed’s protein content. Through its natural…
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Babylon Micro-Farms, which operates a network of indoor grow systems in foodservice venues around the U.S., has received a $1 million grant from the National Science Foundation, with the potential for $750,000 more in follow-on funding. The grant money will go towards further development of BabylonIQ, the company’s platform that remotely manages its distributed network…
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Resorts World Las Vegas has announced a partnership with Grubhub for a new mobile order service. Guests of the forthcoming Resorts World Las Vegas property will be able to use the service to get food, drinks, and retail items for delivery and pickup during their stay. Dubbed On The Fly at Resorts World Powered by…
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Unless you make a point of regularly ordering from virtual restaurants, you may not yet have heard of names like Sam’s Krispy Chicken or Plant Nation. They, along with many others, are delivery-only brands created by C3 (Creating Culinary Communities), a restaurant company that’s lately been on a mission to get these brands into seemingly…
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