We’ve been saying that investment in grocery startups is downright frothy this year, and now PitchBook has put a number to all this VC activity. CNBC reports that venture-backed grocery startups have raised $10 billion so far in 2021, according to PitchBook’s data, vaulting past the $7 billion raised in the sector last year. Part…
Vancouver, Canada-based startup Vegano launched an online vegan marketplace today that will function as an e-commerce grocery-delivery storefront for plant-based food items. For now, the service operates in the Metro Vancouver area as well as Squamish and Whistler. The company said it plans to expand to Toronto and Montreal by the end of this year…
NYC-based indoor ag company Farm.One cut the ribbon on its new urban vertical farm recently, this one located in Brooklyn, New York. According to the Brooklyn Reader, the 10,000-square-foot facility and will start planting seeds in the coming weeks. The Brooklyn farm is the company’s second large-scale farm, following its existing one in Manhattan’s Tribeca neighborhood.…
Eat Just is reportedly targeting Q4 2021 or early 2022 for its IPO, which currently has a valuation of $3 billion, according to an Eat Just investor. Forbes was first to break the news after one of its contributors spoke to an anonymous investor in the company. To date, Eat Just has raised $440 million,…
Netherlands-based Wageningen University is holding the third edition of its Autonomous Greenhouse Challenge, where international teams compete to grow crops in greenhouses using AI and automation. A first and second edition of the challenge grew cucumbers and tomatoes, respectively. For both of those crops, a level of autonomy was involved, though human intervention was still…
Virtual food hall Local Kitchens has raised $25 million in Series A funding roughly one year after launching. The round was led by General Catalyst with participation from existing investors Human Capital and Pear VC. New investors Fifth Wall and Penny Jar Capital also participated. Local Kitchens says this round brings its total funding to…
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Google launched its new Find Food Support website today, which aims to connect people struggling with food insecurity to resources like food banks, school lunch programs, and food pantries. Google said in a blog post that it worked with No Kid Hungry, FoodFinder, and the U.S. Department of Agriculture to capture data on food assistance programs…
Italian-American mobility company Helbiz announced today it is launching its own ghost kitchen/food delivery/virtual restaurant business called Helbiz Kitchens. The concept will initially be available to customers in Milan, Italy, with plans to open additional locations in the U.S. and Italy in the future. Helbiz’ main service is operating fleets of e-scooters, e-bikes, and e-mopeds…
In collaboration with TechTable and Culterra Capital, we are pleased to share an updated 2021 Restaurant Tech Ecosystem map, sponsored by Back of House, a community of restaurateurs to find and share top-reviewed tech solutions. Download the map here. It is an understatement to say that the restaurant industry went through a massive shift since…
Home-cooked food marketplace Foodnome announced today it has received approval for its first Microenterprise Home Kitchen Operation (MEHKO) in the San Francisco Bay Area. Called Bao House, the virtual restaurant will have its grand opening this Thursday, at which point its menu will be available through the Foodnome platform. Bao House Chef Akshay Prabhu, who…
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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. This time last year, the restaurant biz was grappling with pandemic-related shutdowns and restrictions and innovating on the fly to survive the fallout. Digital menus. Virtual tip jars. Ad-hoc drive-thru windows. These mannequins. …
San Francisco, California voted this week to permanently cap the fees delivery services charge restaurants at 15 percent. The San Francisco Board of Supervisors unanimously approved a resolution. The 15 percent fee cap was first introduced in April 2020, when Mayor London Breed issued an emergency order that dictated the limits of what third-party delivery…