Category: Business of Food
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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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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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Collectiv Food, a London-based B2B food marketplace, announced today that it has raised £12 million (~$16.3 million USD) in Series A funding. The round was led by VNV Global, along with VisVires New Protein, Octopus Ventures Norrsken VC, as well as existing investors Partech, Colle Capital and Mustard Seed. This brings the total amount of…
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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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Nature’s Fynd, which makes protein from microbes that originated in geothermal springs of Yellowstone National Park, announced today that it has raised a $350 million Series C round of funding. The round was led by SoftBank’s Vision Fund 2, with participcation from new investors including Blackstone Strategic Partners, Balyasny Asset Management, Hillhouse Investment, EDBI, SK…
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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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Generally speaking, restaurants with drive-thrus have often fared better than most over the last year and a half of shutdowns, dining room restrictions, and overall uncertainty. But even as demand for this format rises and major QSRs say they’ll focus more on it in future store designs, wait times at the drive-thru have gotten longer,…
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Impossible Foods will unveil a new plant-based chicken nugget product next week, with plans to launch to launch it at restaurants in the fall, according to a story on Bloomberg this morning. The nugget will be made from soy protein and sunflower oil, but will not include heme, an ingredient used in its plant-based burgers…
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You can’t say Impossible Foods CEO Pat Brown is a flip-flopper when it comes to downplaying the future of cell-based meat. At our Smart Kitchen Summit in October of last year, Brown declared that cultured meat was “never going to be a thing,” and based on a Washington Post interview that ran this morning, he’s…
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For grocery stores, measuring demand and managing orders for fresh foods can be a maddeningly difficult task that more often than not ends in lots of unused food getting thrown out. After all, bananas have a much shorter shelf life than, say, a bag of rice, and a lot of existing supply-chain technologies and processes…
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