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. I’ve been writing a lot about the plant-based QSR lately, so when I recently got the chance to visit the new location of Copper Branch, a plant-based restaurant company from Canada, I jumped…
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Iron Ox, a company best known for its robotic greenhouses, announced this week it had broken ground on a new facility, a 535,000 square-foot indoor farm in Lockhart, Texas. This is the third farm from Iron Ox, which is based in California and operates two other farms in that state. All Iron Ox farms are…
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Alt-protein maker Clara Foods announced this week a partnership with ZX Ventures, the innovation arm of beer brewer AB InBev, to “brew” animal-free protein at a large scale via fermentation, according to a press release sent to The Spoon. Clara Foods, which was founded out of the IndieBio accelerator, has been using precision fermentation for…
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Grocery retailer Kroger announced today the launch of its Kroger Our Brands Recycling Program, an expansion of an earlier program developed in partnership with TerraCycle. The program aims to make it easier for consumers to recycle flexible plastic packaging. Flexible plastic packaging includes things like snack pouches, potato chip bags, packets of cheese, and frozen…
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A team led by UK-based vertical farming company Liberty Produce has won £420,000 (~$588,000 USD) from the Innovate UK fund to help advance controlled-environment farming in Singapore, according to a press release sent to The Spoon. Liberty Produce and Singapore-based LivFresh will jointly lead the Hybrid Advanced Research Vertical Farming Environment Systems and Technology (HARVEST)…
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Controlled environment agriculture (CEA) company Oishii is best known at this point for its high-end, vertically grown strawberries that cost a cool $50 for an eight-pack. That makes the New Jersey-based company’s wares pretty inaccessible for many consumers — until now. Oishii explained this week that it will be launching an “everyday berry” in the…
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Belgium-based restaurant tech startup Deliverect announced today it has raised $65 million in Series C funding. The round was led by DST Global Partners and Redpoint Ventures, as well as existing investors OMERS Ventures, Newion and Smartfin. Deliverect’s founders also invested in the round. To date, Deliverect has raised a total of $86.8 million including…
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Amazon announced today that it is bringing the Amazon One palm-scanning payment technology to Whole Foods stores in Seattle. The move marks the first use of the biometric system at a non-Amazon branded store. Launched last September, Amazon One allows people to connect a credit card (and Amazon Prime account, of course) with a scan…
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Netherlands-based food tech company OneThird announced today it has raised €1.5 million ($1.8 million USD) for its shelf-life-prediction technology that helps growers, retailers, and distributors cut down on food waste. SHIFT Invest and Oost NL participated in the round, according to a press release sent to The Spoon. The new funds will partly go towards…
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Food tech investment firm Big Idea Ventures (BIV) this week unveiled the companies chosen for Cohort 3 of its alt-protein-focused accelerator program. Fifteen early-stage startups will participate in the five-month-long program, either in NYC or Singapore, according to a press release sent to The Spoon. BIV looks for companies developing both plant-based and cultured protein…
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St. Louis, Missouri-based Hungry Planet announced today it has closed an oversubscribed $25 million Series A round of funding. Post Holdings led the round, with participation from Singaporean investment group TRIREC, and “other leading plant-forward investors,” according to a press release. Aided by these new funds, Hungry Planet says it will expand its line of…
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Jellatech, a company making animal-free gelatin and collagen ingredients, announced today it has raised $2 million in pre-seed funding. Green Queen was first to break the news. The round included participation from Big Idea Ventures, Sustainable Food Ventures, Iron Grey, YellowDog, 7 Hound Ventures, Capital V, Sentient Investments and Bluestein Ventures. Raleigh, North Carolina-based Jellatech…
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