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The Spoon

Daily news and analysis about the food tech revolution

Foodtech

Revol Greens Raises $68M to Build Out High-Tech Greenhouses in the U.S.

Revol Greens announced today it has closed a $68 million funding round for its network of high-tech greenhouses the company says will eventually supply 33 million pounds of greens annually to the U.S. The round was led by Equilibrium Capital. According to a press release sent to The Spoon, this brings Revol’s total funding to $215 million.

The Minnesota-based company says it will use the new investment to launch its third facility, which is a 20-acre farm in Texas that could expand to 80 acres in the future. 

Revol is part of a new wave of companies marrying greenhouse growing with technology systems that allow food producers to grow crops year-round, in totally controlled environments. Its system uses closed-loop hydroponics and, when necessary, supplements natural sunlight with LEDs. It also collects data on plant growth to ensure crops have the correct levels of water and nutrients they need to grow.

As they’re based in Minnesota, the folks behind Revol are no strangers to the kind of extreme weather that makes growing crops outdoors impossible for parts of the year. But extreme weather is also a consequence of climate change, whether it’s fire, drought, or insect outbreaks, and it is becoming more widespread. In traditional agriculture, that could mean an increase in pests, flooding or heavy downpours that threaten crop yields, and increases in carbon dioxide that decrease the quality of products. 

Revol is not alone in merging the greenhouse with high tech to provide an alternative to traditional agriculture. AppHarvest is currently building out a massive greenhouse facility in Appalachia. The company recently raised $28 million. Iron Ox, which raised $20 million earlier this month, is bringing robotics to the greenhouse, and a company called Lufa has taken the greenhouse concept to rooftops in cities.

Getting greens closer to cities is also one of Revol’s goals. “High-tech greenhouses give us the ability to return to regional food systems with farms that produce our food near our communities,” David Chen, CEO of Equilibrium, said in today’s press release. “Regionalism gives us resiliency, food security, and addresses the threat of climate change to our food system. Greenhouses are the tech disruptor in a 10,000year-old agriculture sector.”

Revol CEO Mark Schulze added that by the end of 2021, the company will be “the world’s largest indoor lettuce producer.” 

The company’s first greenhouse launched in 2018 in its hometown of Owatonna, Minn., followed by a second facility in Tehachapi, Calif., which Revol is in the midst of building out.

The Kitchen Tech Patent Watch: Meal Lifecycle Management, Fridge Order Buttons, Stoves With Stereos

The world of food and cooking patents is both wonderful and weird.

Many patents are often a big deal and can sometimes give an indication of what a company or person has in mind for a new product. At other times, those product-makers seem to be taking ideas out of the pages of science fiction books and trying to write patents just in case the imagined future ever arrives. (If you’re Nathan Myhrvold, you may even have a science fiction writer help develop the idea behind the patent.)

Since I periodically check in on what’s been issued to see if there’s anything interesting on the horizon, I thought I’d share a few of the kitchen-related patents I came across in my latest search.

Meal Lifecycle Management System

We think a lot about the meal journey here at The Spoon and often wonder how technology can be used to assist its various stages, including planning, cooking, inventory management, storage and shopping.

According a recently issued patent to Bradley Charles Ashmore, the Meal Lifecycle Management System is a holistic system to track a person’s food inventory in real time, calculate nutritional makeup of ingredients and help in the planning.

The system combines a scale that tracks both weight and overall size footprint of both packaged and unpackaged food (a “pressure-sensitive pad”) and also uses an app on a smartphone to track the meal journey.

The image below — Figure 12 from the patent — shows how it tracks the transfer of a food item (peanut butter) from jar to bread, recognizing both the type of food and the amount.

A true food inventory management and meal journey assistant are holy grails for the smart kitchen. This patent is one of many we’ve seen in recent years that try to tackle it and, from what I can tell, has one of the biggest scopes in terms of how much it tries to manage.

The Voice and Button Activated Fridge Restocking System

While Amazon and others have been working on voice assistants and reorder buttons, and fridge manufacturers have been working on cameras and sensors to tell us what’s inside our fridges, no one has really brought it all together to create a full food replenishment system that works well.

If a new patent by Midea is any indication, that company is exploring ways to build refrigerators that incorporate a restocking system that integrates with voice assistants. The system would include a variety of sensor technologies to track food inventory, as well as a human presence detector and bio-authentication tools such as a fingerprint reader. The biggest focus of the reordering system is, however, a physical button the human would press near the food compartment to actually confirm order suggestions by the voice assistant.

The idea behind a built-in confirmation buttons is to give the user more control over their purchase decisions, enabling them to confirm before they actually buy something.

Of course, this type of human approval is not always what companies like Amazon have in mind. Heck, the company has even been issued patents for systems that anticipate what you may want and buy it for you.

While some may see a built-in order button this as adding friction to purchasing, I like the idea of having a final confirmation before a transaction goes through, rather than simply offloading the entire decision-making process to a bot.

Stoves With Stereos

And from the ‘is this really necessary?’ department comes this patent that was issued this month for incorporating an audio system into a cooktop.

From the patent:

“It is known that individuals often use their kitchen every day to cook food. It is also known that an integral component in the cooking of food in a kitchen is the stove. Individuals often like to enjoy audio media when cooking in the kitchen. However, none of the usual appliances in the kitchen are configured to play audio media for a user. Therefore, there is a need for a stovetop oven having an integrated audio system to create a more comfortable environment for a user.”

Not sure about you, but with more and more smart speakers coming to market at very low cost and the wide availability of Wi-Fi powered stereo systems, I’m not seeing the need for actual integration of a stereo into the stovetop itself.

Mosa Meat Raises $55M for Cell-Based Burgers

Mosa Meat, the Netherlands-based company known for creating the world’s first lab-grown hamburger, announced today it has raised $55 million as part of a larger Series B round. The round was led by Blue Horizon Ventures with participation from Bell Food Group, M Ventures, and others. 

Earlier this year, the company said it had achieved a more than 80x reduction in the cost of the growth medium it uses for its lab-grown meat. That’s one heck of a reduction, considering the Mosa Meat’s original hamburger cost $325,000. The company also opened a new pilot production plant.

Especially noteworthy is that in 2019, Mosa Meat successfully removed Fetal Bovine Serum (FBS), which is both expensive and ethically controversial, from its growth medium. According to a company blog post from July, removing FBS from the medium helped bring down overall costs, which in turn gets Mosa Meat closer to achieving price parity with traditional meat. Reaching that price parity will be crucial to selling the average consumer on the idea of eating burgers and other meats grown in a lab. Achieving the right texture and taste are also critical components for cell-based meat products.

The cell-based meat category has seen a huge uptick in investment over the last several months, and for more than just burgers. IntegriCulture, a company making lab-grown foie gras, raised $7.4 million in May and got a $2.2 million grant in August. BlueNalu raised $20 million in February for its cell-based seafood. Overall, the cell-based meat category has received more than $290 million in investment for 2020.

Mosa Meat says it will use its new funds to extend its current pilot production facility, expand its team, and develop an industrial-sized production line. It will also “introduce delicious cultivated beef to consumers,” though no specific date for that is set. For now, the company said it will work with European regulators to demonstrate the safety of cell-based meat and get regulatory approval to “serve consumers in Europe who are craving change.”

Agtech Platform Silo Raises $9M to Fight Food Waste in the Supply Chain

San Francisco-based Silo Technologies announced today it has raised $9 million for its cloud-based platform aimed at cutting down on food waste in the U.S. food supply chain. The round was led by Andreessen Horowitz with participation from existing investors Capital and Haystack Ventures.

Silo (not to be confused with smart-storage maker Silo) wants to minimize food waste in the supply chain by automating operations within it, including buying and selling food, forecasting supply and demand, and managing relationships between the different players in the chain. The software, which is available to food growers, buyers, distributors, and sellers, also digitizes tasks like accounting, inventory management, and reporting, making them quicker and more accurate tasks.

The company said in today’s press release that while food waste happens across the food system, it’s “particularly heavy in production and distribution.” Examples of this include products that spoil in production process because of inadequate storage and transport and projects that are rejected by buyers. While food loss of this kind is less widespread in the U.S. compared to developing nations, it nonetheless happens with plenty of regularity. 

Given that it’s a global, multibillion problem, food waste in general has seen plenty of new investments and developments of late as the issue becomes more urgent for companies, governments, and consumers alike. Clean Crop Technologies nabbed $2.75 million in June of this year, while major CPGs including Walmart and Tesco recently joined the Consumer Goods Forum’s Food Waste Coalition. And as we outline in a recent Spoon Plus report, a sizable number of companies are coming to market with products and appliances that fight food waste in the consumer home. 

Silo says it will use the new funds to expand nationwide, opening offices in both Los Angeles and New York City. It will also build out its engineering staff and develop tools to better streamline logistics and financial tasks in the food supply chain. 

What’s the Difference Between Food Waste and Food Loss?

With food waste now an important dialogue in the food industry, and a growing area for tech innovation, it’s a good time to lay out the differences between “food waste” and “food loss.”

One third of the world’s food — roughly 1.3 billion tons — goes to waste each year, but across the globe, it is lost or wasted in different ways, at at different points across the food supply chain. That’s where it’s useful to know the difference between “loss” and “waste.”

According to Think.Eat.Save, a partnership between the United Nation’s Environment Program (UNEP) and Food and Agricultural Organization (FAO), food loss refers to food that spoils early on in the supply chain, before it ever lands in on grocery store shelves. Think post-harvest, processing, and distribution stages.

Reasons for this food loss can include poor crop harvest, animal deaths, spillage, transportation issues, and insufficient storage. For example, access to reliable and consistent refrigeration is a major issue for many developing countries, and a huge contributor to lost food.

Food waste, on the other hand, refers to food that is ready and edible for consumption but gets discarded before that happens. It usually, though not exclusively, happens further down the supply chain, at consumer-facing stages like restaurants, grocery stores, and in consumers’ homes.

At these consumer-facing levels, food waste can be anything from grocery stores chucking unsold inventory to restaurants throwing out unused inventory and the average person losing items in the back of their home fridge. The bulk of the world’s food waste happens in Europe and North America right now. The good news, as we outlined in a recent Spoon Plus report, is that curbing consumer food waste is a much higher priority topic in 2020 than it was even a few years ago, and tech companies, food businesses, and many others are working to educate more consumers on their food waste habits.

Both food waste and food loss have economic, environmental, and human consequences. And while there is some overlap between the two, food waste and food loss have to be curbed with different solutions — hence the importance of understanding the difference between the two.

For example, introducing smarter fridge appliances or storage systems might help a family in the U.S. curb their food waste and save money, but doing so won’t suddenly improve the disorganized and fragmented food production system in, say, parts of Central Asia. That has to be dealt with by providing more up-to-date equipment and storage techniques and processes, and while the private sector can help, at least some government involvement is needed in order to enact widespread change.

Even so, there is plenty of activity in the private sector from companies fighting both food loss and food waste. In Nigeria, for instance, a company called ColdHubs makes solar-powered “walk-in” cold rooms food producers can use to store their food. Golden Harvest, a business group in Bangladesh, has partnered with USAID to develop the country’s first cold chain network and keep meat, fish, and produce from going bad in the earlier stages of the supply chain.

Over on the food waste side, a number of startups and major corporations in the food industry are working to help North American and European businesses and consumers curb food waste. That includes everything from Samsung and LG’s smart fridges that track food inventory to Winnow’s smart scales that track food waste in commercial kitchens.

Neither food loss nor food waste are simple problems to fix. Technology could — and already does areas — play a central role here in creating more efficient supply chains, equipping stakeholders with better tools, and educating consumers on better ways to manage the way they eat.

Produce Grower Houweling’s Group Partners With Apeel to Ditch Plastic-Wrapped Cucumbers

Greenhouse vegetable grower Houweling’s Group announced this week it has partnered with Apeel to launch its plastic-free cucumbers at select Walmart locations, according to a press release sent to The Spoon.

Cucumbers very often land on grocery store shelves shrink-wrapped in plastic. This is done to protect the skin, which on a variety like an English cucumber, is especially thin. The plastic wrapping also extends the shelf life of the cucumber once it’s in your fridge.

Apeel, which raised $250 million in May of this year, is in the business of extending produce shelf life without the need for extra packaging materials. The company makes an edible “peel” that can provide the protection and shelf-life extension of plastic. It does this with a foodsafe powder derived from plant oils. When applied to produce, it creates a barrier that keeps water and oxygen out. Apeel has developed different proprietary coatings for different produce types, including apples, avocados, and, now, cucumbers. 

Apeel is one of several companies working to make produce last longer. It’s most notable counterparts right now are Stix Fresh, which makes a sticker that can extend produce shelf life by two weeks when placed on the fruit or vegetable, and Hazel Technologies, whose packaging inserts for bulk fruit and vegetable boxes slow ripening. Apeel’s most obviously parallel competitor is Sufresca, a company that also makes an edible coating for produce.

The partnership with Houweling’s Group marks the first time Apeel has used its coating technology to not just extend the life of produce but also do away with extra packaging. Houweling’s said in this week’s press release that every 500,000 cases of English cucumbers shipped with Apeel’s coating eliminates the equivalent of 820,000 single-use plastic water bottles from the supply chain. 

Tastewise Launches Its AI-Powered Food Prediction in the UK

Tastewise, which uses AI to predict consumer food trends, announced today it has launched its platform in the UK and added more localized data to help restaurants and food producers in that region better anticipate consumer eating habits. According to a press release sent to The Spoon, Tastewise has integrated data from 183,000 restaurants and delivery menus, over 2.8 billion social interactions, and 1.2 million online recipes from the UK into its platform.

The Tastewise platform, which launched in February of 2019, helps CPG companies better predict food trends through artificial intelligence (AI). It analyzes consumer touchpoints (think Instagram photos and online recipes) to find not just what foods consumers are eating right now but also their deeper motivations for choosing those foods. When we spoke about a year ago, Tastewise CEO Alon Chen used the example of sauerkraut to illustrate the point: 

“Right now, according to [Chen], it’s a popular food, but the trend is less about raw cabbage and more about the process behind it, which is fermentation . . . Food companies analyzing data via the Tastewise platform can see such data and consider how they might implement fermentation into their offerings.”

Tastewise counts Nestlé, PepsiCo, General Mills, Dole, and other major CPGs among its customers. With today’s launch, UK-based food businesses will also be able to utilize the platform to get more real-time insights into consumer food behavior, which is a must in these pandemic-stricken days, according to Tastewise: “The pandemic has made it clear that it’s imperative to have your finger on today’s pulse each time a decision is made,” Chen said in today’s press release.

Speaking of which: along with the news of its UK launch, Tastewise also released a new report on UK consumer food trends during the pandemic so far. Among them:

  • Sustainable foods are rising 52 percent in popularity year over year, though health and fitness are motivating this trend, not environmental concerns.
  • UK demand for meal kits is up 200 percent.
  • CBD is fading in popularity.

Tastewise is not a sensory platform a la Spoonshot or Climax Foods. However, it is similar in that it leverages AI to help companies bring in-demand products faster by sinking less money into traditional R&D. And given the upheaval the pandemic has caused across the food system, both CPGs and foodservice companies will be leveraging more AI in the future to keep costs down by offering their customers the most relevant items possible. 

Good Food Institute: Plant-Based Food Consumers Spend 61% More in Food Retail

We’ve known for a while now that the current spikes and surges in demand for plant-based protein are in large part because of the COVID-19 pandemic’s impact on our food system. Now there are some new numbers that back those claims up and give insights into just how big plant-based products have gotten in the food retail sector, thanks to the Good Food Institute (GFI). 

GFI’s new report, “Plant-Based Strategies for Retail: An overview of leading plant-based assortment, merchandising, and marketing tactics at top U.S. retailers,” lays out some of the growth statistics of the plant-based meat sector, and examines the forces driving such a rapid adoption in the retail space. 

For context, the report notes that U.S. retail sales of plant-based food were worth $5 billion in 2019. While we don’t yet have the full sales numbers for 2020, GFI notes in its report that “plant-based sales are growing 14 times faster than total food sales” and that consumers who buy plant-based food products tend to spend more: 61 percent of plant-based food shoppers are considered “valuable,” and spend 61 percent more than the average shopper. 

All of those numbers are pre-pandemic, which means this time next year, figures will likely be even higher. It’s an understatement to say the pandemic has had a major impact on plant-based meats. According to GFI’s report, nearly one quarter of consumers surveyed report eating more plant-based meals because of COVID-19, with Millennials and Gen Z being the largest age group in this percentage. Both groups (41 percent for Gen Z and 37 percent for Millennials) reported they “will be less likely to buy [traditional] meat” because of COVID-19 fears, compared to 25 percent for all age groups. The report cites health concerns (physical and mental), an intent to buy more health-related items, and general fears around the spread of COVID-19 as plausible reasons for this uptick.

Meat alternatives, in particular, saw positive increases. GFI’s report outlines some figures from some of the major plant-based meat companies: 

  • Beyond’s retail sales increased 194.4 percent over the second quarter of 2020; the company currently has products in roughly 25,000 retail stores across the U.S.
  • Impossible saw a 500 percent increase in grocery stores selling the Impossible Burger during the pandemic months, and the company’s products are available in 9,200 stores nationwide.
  • Morning Star farms saw a 66 percent increase in March sales.
  • Gardein sales increased by 65 percent from March 13 to April 19, 2020.
  • Tofurky sales increased 40 percent from February through April of 2020. 

It’s likely the plant-based foods sector would have seen these high numbers even without the pandemic — only over a much longer timeframe. For example, Impossible would probably have reached that 500 percent increase in grocery retailers eventually, but it likely would not have happened in a matter of a few short months had there been no pandemic.

Exactly how long it would have taken sans pandemic we’ll never know, but regardless, sales of plant-based foods aren’t going to subside once COVID-19 does. As GFI’s report notes, this demand for plant-based foods “is a consumer shift, not a fad.”

That in turn means we’ll see more food retailers (and restaurants) selling these products, more alt-protein companies setting up direct-to-consumer e-commerce stores like those of Beyond and Impossible, more food tech accelerators dedicated to alt-protein, and, of course, far more investment in the coming months.

Food Tech News: InnerPlant Launches Sensor Plants, $3.5 Million Grant for Cultivated Meat

I’m taking over the weekly Food Tech News post, and this week I bring you both plant-centric and meaty news. Money is being pumped into cultivated meat research, a plant-based burger company signed a partnership with a football team, and tomato plants can now tell you if they are feeling stressed. Oh, and the world’s smallest gum company raised $1.2 million in funding.

InnerPlant Launches “Living Sensor” Plants

InnerPlant, based in Davis, California, announced the launch of the InnerTomato™ this week. The tomato plants are fed a protein that amplifies the natural signals a plant releases to warn neighboring plants of different stressors. A farmer can use an iPhone, drone, or satellite to take a photo of the plants, and through augmented reality, will be able to see if the plant is a certain color. Different colors signal if the plant needs water, is stressed, or under attack from a certain disease or pest. This is InnerPlant’s first proprietary plant.

Photo from UC Davis’ Aggie Transcript

UC Davis Receives Funding For Cultivated Meat Research

UC Davis recently received a $3.5 million grant from the National Science Foundation to research cultivated meat. One of the main goals of this five-year grant is to develop methods to amplify stem cells efficiently. Researchers aim to create methods that enable sustainably lab-grown meat to be an option for feeding a rapidly growing world population. This is the first major grant in the U.S. for cellular agriculture.

The World’s Smallest Gum Factory

Copenhagen-based True Gum just raised $1.2 million (USD) from a German VC Oyster Bay. True Gum makes plant-based gum that is free of petroleum ingredients (which are found in many gum brands), and instead uses a sustainably-sourced tree sap, called chicle, from South America as the main ingredient.

Planterra’s Brand, OZO, Partners With Denver Broncos

OZO, a brand of Colorado-based Planterra Foods, just signed a three-year partnership with the Denver Broncos. Planterra is a subsidiary of JBS Foods, the largest beef and pork processor in the world. OZO’s products include plant-based ground beef and burger patties made from pea protein, and are currently available in 12 U.S. states. As part of the partnership, OZO will be advertising at the Mile High Stadium and serving up its vegan burgers from its traveling food van.

The last time we brought up the Denver Broncos and the Mile High Stadium on The Spoon, it was to announce the installment of a beer-pouring robot at the stadium. Vegan stadium burgers and beer robots might be convincing enough to get me into a football stadium during a pandemic.

Tesco and Olio Team Up to Fight Food Waste

And in some non-meaty but still-sustainable news, Tesco and food-sharing app Olio announced this week they have partnered to fight food waste. Olio volunteers (of which there are around 8,000) will pick up surplus food at Tesco stores then upload it to the Olio app. Food is then distributed for free to households in need and community groups looking to help.

Tesco is launching this food-drive-like initiative across all 2,700 of its U.K. stores. The company said it was able to redirect 36 tons of food — which would have otherwise gone to waste — through an earlier trial of the program.  

Singapore’s Float Foods Unveils a Plant-Based Food Incubator for Indonesia

Plant-based food startup Float Foods said this week it has launched a new incubator for plant-based food innovators in Indonesia (h/t Green Queen). Dubbed NEWFOOD Startup 2020, the program is a joint effort between Float Foods and food incubator Ultra Indonesia.

According to the NEWFOOD 2020 website, the program will invest in “up to 10 of the strongest performing Indonesian companies” creating plant-based alternatives to animal products. Meat and dairy alternatives are the obvious products here. Companies working with tech solutions geared towards plant-based foods and novel packaging products are also welcome to apply. All companies should have a minimum viable product at the time of their application.

The program comes at time when the alternative protein sector is seeing a huge amount of demand and investment dollars. At last check, over $1 billion has been invested, with the bulk of that money going towards plant-based products. While the U.S. is still the largest market for alt-protein, the Asia-Pacific region is also seeing significant growth, too. Float Foods says that the market for plant-based proteins in Indonesia has witnessed “tremendous growth” in demand over the last few years and will grow at a CAGR of 6 percent in the Asia-Pacific region by 2025.

Part of the demand for plant-based proteins comes from new intel around safety and ethical standards in traditional meat-packing plants, not to mention outbreaks of COVID-19 at facilities.

The NEWFOOD 2020 program is looking for companies that can answer this demand. The program will be completely virtual, with 40 days of online mentorship sessions for pre-selected companies on a range of topics, including business development, distribution, financial projections, and company valuations. Following that, 10 companies will be selected via an online demo day and will receive up to $25,000 each.

The program is currently accepting applications. Registration closes September 25.

 

Somabar Adapts to Pandemic, Adds Booze, Coffee and Juice to its Drink Menu

When I last checked in with Somabar at our Food Tech Live event in 2019, the company was making an eponymous automated drink dispenser that served up low-proof cocktails. The idea was that it could be used by bars and restaurants to create alcoholic cocktails without the need to get a full liquor license (think: Soju-based mixed drinks).

A lot Everything has changed since January 2019, including Somabar. Since the start of 2020 the company has been expanding the capabilities of the machine and positioning it as a more contactless way for restaurants, cafes, hotels and other hospitality locations to serve a wider variety of drinks around the clock.

“What SomaBar does, is it’s a professional mixologist of all things,” Somabar Co-Founder and CEO Christopher Hameetman told me by phone this week. “We’re now living in a world where we want to broaden our use.”

To that end, Somabar will now mix up just about any kind of cold drink you want. Low-proof cocktails, high-proof cocktails, cold brew coffee drinks, iced tea drinks, juices and, well, the list could go on.

The Somabar has six 750 ml and one 150 ml cannisters. Fill each cannister with whatever liquid you want: coffee concentrate, tequila, oat milk, orange juice — whatever. You then let the accompanying app know what you’ve loaded in each cannister. The app then tells you all the kinds of drinks you can make. Tap the button and voila! The Somabar dispenses your desire drink.

Or, don’t tap anything at all. The company has also added Siri and Alexa integrations to provide voice controls. Hameetman provided me a Zoom-based demo where he asked Alexa to mix him a drink, and while there was the occasional slight hiccup (which seems to come with any Alexa demo I’ve ever seen), it did work.

The idea with all this new functionality is to make Somabar more attractive in our modern, pandemic-stricken world. The expansions of Somabar’s drinks menu means that a restaurant could serve non-alcoholic drinks during the day (and to kids), and then swap out the canisters and serve boozey concoctions at night.

The voice-control features make Somabar part of the contactless 2.0 wave of restaurant tech, though I’m trying to figure out exactly how well voice control would work in a drinks scenario. You wouldn’t just have it out for anyone to use, because nowadays you can’t have lots of people putting their paws all over the same device. Having it behind a bar or counter seems too noisy for voice control and you would theoretically have only one person handling the cup, so they could presumably be the only person operating the app on a tablet.

Regardless, I could actually see the Somabar finding a place in restaurants, cafes and even small grocery stores/bodegas. The ability to make a wide variety of customized drinks throughout the day without needing to bring on a mixologist of some sort could prove very useful.

However, that versatility doesn’t come cheap. The Somabar is ~$4,800 (you can get a refurbished one for $2,800). The nice thing is — that’s it. There is no subscription for the software, so you get the drink library as part of that hefty price tag. And the open nature of the device means you can use your own ingredients instead of the pods that come with other automated drink machines like Drinkworks and Bartesian (though both of those are geared more towards consumers).

Somabar’s open nature could also help it further adapt, because 2020 isn’t done yet and a lot more everything could change.

InFarm Raises $170M to Expand Its Vertical Farming Network

Berlin, Germany-based vertical farming company InFarm announced today it has raised $170 million in the first close of its Series C round, bringing its total funding so far to $304.5 million.

The investment round, a mix of equity and debt financing, was led by LGT Lightstone with participation from Hanaco, Bonnier, Haniel, and Latitude, as well as existing investors Atomico, TriplePoint Capital, Mons Capital and Astanor Ventures. InFarm said in today’s press release that it expects the Series C round to eventually reach $200 million.

InFarm has built its reputation, not to mention its coffers, on the idea of getting fresh, local greens to more cities around the world via its network of high-tech vertical farms. The farms are smallish, pod-like devices that can live in grocery stores, restaurants, and food distribution centers. The farms use hydroponics and cloud-based software to grow leafy greens in completely controlled environments. A big benefit with InFarms’ approach is that, since farms are placed inside grocery stores, greens can be harvested onsite and sold without having to travel. 

Sourcing greens close to the store is becoming more commonplace as companies develop smaller vertical farms. While InFarm might be the most high-profile player in this area of vertical farming, it isn’t the only company bringing greens literally to market. Farm.One just installed its own mini-vertical farm at a Whole Foods in Manhattan and has plans to expand to other stores soon. Vertical Field launched a geoponic vertical farm at New York’s famed Evergreen market in August. Brooklyn-based Square Roots puts a slightly different twist on the concept by placing its shipping container farms next to food distribution centers. The company currently has a partnership with North American distributor Gordon Food Service.

All of which is to say, InFarm may be leading the farm-in-a-grocery-store movement, but it won’t be the only company grabbing major investment dollars for long.

InFarm raised $100 million in June of 2019. Since then, it has struck deals with major grocery retailers around the world, including  Aldi Süd in Germany, Kroger in the U.S., Empire in Canada, and Kinokuniya in Japan, among other places. The company said today it expects its farming network to total more than 5 million square feet by 2025, making it the largest distributed farming network in the world. 

To do that, the company will expand to new cities in future. The new investment capital will go towards that goal. InFarm will also use some of it to complete development on a next-gen version of its farm.