Category: Business of Food
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This is the web version of our newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. Consolidation of restaurant tech companies has been a topic for years. And in the last few months, deals like PAR’s acquisition of guest loyalty platform Punchh and Squarespace nabbing hospitality company Tock suggest…
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Popmenu, a digital marketing and ordering platform for restaurants, announced today that it has raised a $65 million Series C round of funding. The round was led by Tiger Global Management with participation from new investor Salesforce Ventures and existing investors Bedrock Capital, Base10 and Felicis Ventures. This brings the total amount of funding raised…
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Restaurant management platform Restaurant365 announced this week it has acquired Compeat, which makes software to help restaurants manage their workforce and the back office. Restaurant365 will continue to support Compeat products and customers after the deal goes through, according to a press release sent to The Spoon. Restaurant365 is itself a back-of-house-focused company, with a…
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This is the web version of our newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. Since the start of 2021, we’ve seen numerous developments that showcase how vast and varied the efforts to fight food waste have become. Sachets that slow food spoilage. Hyperspectral imaging to analyze avocados.…
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Restaurant tech company Toast has acquired back-of-house management platform xtraCHEF, according to a Toast statement released today. The deal follows a partnership the two companies launched in 2020. Financial terms were not disclosed. Acquiring xtraCHEF will give Toast access to back office tools that automate tasks like invoicing, budgets, and recipe and inventory management, among…
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LIVEKINDLY Collective, a collection of alternative protein brands, announced this week that it is acquiring Amsterdam-based company The Dutch Weed Burger. The Dutch Weed Burger makes a range of meat analogs using seaweed as the hero ingredient. Terms of the deal were not disclosed. LIVEKINDLY Collective formed in March of 2020 when Foods United bought…
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Starbucks will reinstate its reusable cup program in the U.S. on June 22, more than a year after suspending the program because of COVID-19-related safety concerns. The Seattle coffee giant halted its longtime reusable cup program in March of 2020. Since then, the chain has only served up beverages in its own to-go cups. However,…
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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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Vancouver, Canada-headquartered JustKitchen announced this week it is in the process of raising $20 million to expand its network of ghost kitchens and virtual restaurant brands. The company said it is getting $16 million from Canadian investment dealerr Beacon Securities Limited, which will buy 11.9 million shares of JustKitchen at $1.35 per share. JustKitchen is…
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DoorDash today announced the official launch of its delivery service in Japan. This is the San Francisco-based company’s first foray into the Asia market, and its third international expansion after Canada and Australia. Service begins today in Sendai, a city with just over 1 million inhabitants in the northeastern part of Japan. The choice of…
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Stockholm, Sweden-based ghost kitchen startup Curb announced this week it has raised a €20 million (~$24.4 million USD) round led by Point72 Ventures (h/t tech.eu). EQT, an existing investor, also participated in the round. Curb has now raised €23.2 million to date. Curb is only a little over one year old, having been founded in…
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Finless Foods, which is primarily known for its work creating cell-based seafood, announced today that it is expanding its product portfolio to include a new plant-based tuna offering. According to a press release sent to The Spoon, the new plant-based tuna uses nine whole, plant-based ingredients that are cooked and seasoned to recreate the taste…
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