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Smart Kitchen Summit Europe

August 29, 2018

Mitte Raises $10.6 Million for its Countertop Mineral Water Machine

Mitte, the German startup behind a countertop appliance that turns plain water into mineral water, today announced it has secured $10.6 million in seed funding. The round was led by DanoneManifesto Ventures, the New York-based venture arm of Danone, VisVires New Protein Capital and Kärcher New Venture.

Mitte actually won the Startup Showcase at our Smart Kitchen Summit: Europe this past June. As we wrote back then:

Mitte’s sleek, eponymous countertop machine lets you create your own mineral water at home using a two-step process. First, water is purified using a patented distillation system that the company says is four times more efficient than other water distillers on the market. Once purified, Mitte then re-mineralizes the water using special cartridges, which will mineralize 400 liters of water.

You can even purchase specific types of mineral cartridges that add varying levels of different minerals (magnesium, potassium, zinc, and more), depending on what you want. The machine is connected to the Internet and can automatically re-order cartridges when its time.

Mitte had been taking pre-orders for the machine at €329, and was going to ship units to Kickstarter backers by the end of this year. As of now, the company is no longer taking pre-orders (you can only join the waitlist), and early backers have been informed that they will receive their units in June of 2019. Final retail pricing for the machine and the replacement cartridges has not been finalized. And retail units won’t be available until after backers get their machines first.

Mitte won a €5,000 prize from our Startup Showcase and had previously raised €272,781 in a Kickstarter campaign last fall. The company had also raised an undisclosed “small seed round” by that point and to date has raised roughly $12 million. According to the funding announcement, Mitte will use the new money to support expansion into the U.S. and elsewhere.

We spoke to Mitte CEO, Moritz Waldstein this morning by phone about the announcement, and he told us that the company’s go to market strategy will be selling direct to consumers. Mitte will focus on five cities, most likely in the U.S., the U.K., China and also in their home, Berlin. The company will open pop-up stores in these locations to educate consumers about the technology as well as get an on-the-ground view of what those markets want.

“What we want to do is make a beautiful experience to users,” said Waldstein.

While Mitte holds a number of European patents for its distillation, re-mineralization and cartridges, it sounds like Mitte is getting some strategic help from its investors, including water machine manufacturing and mineral lab expertise.

While the Mitte is currently a countertop machine, Waldstein told us that the company has much bigger plans to expand its mineralization technology. He said the company has had conversations with big appliance manufacturers like Whirlpool, LG and Samsung about incorporating Mitte’s tech into refrigerators, or building out units directly into kitchen sinks. Additionally, sees itself also expanding its hydration personalization, offering a variety of mineral cartridges customized for pregnant women, the elderly, and other demographics.

June 18, 2018

Thoughts On Dublin: A Look Back At Smart Kitchen Summit Europe

We held the first Smart Kitchen Summit in an old cannery.

Part of the reason was it was affordable. Events are big investments, and we are in many ways a startup; when I founded SKS, it was just a crazy idea about getting the people who were working on the future of cooking and food together in the same place for a day and to start a conversation.

But to be honest, I also liked the idea of having an event about the future of cooking and the kitchen in a hundred-year-old building that had its roots in food. As nearly 300 people gathered between those exposed beams and brick walls to talk about the future back in November 2015,  we were reminded it’s necessary to be mindful of the past behaviors, traditions and cultures that have shaped our food experiences as we discussed how innovation will impact every aspect of the meal journey.

And so when we began planning to take SKS across the Atlantic, I thought what better place to hold our first European event than at Guinness Storehouse? The idea of talking about the future of food and drink in an iconic 20th-century brewery was exciting, but I also like the inherent tension of a place steeped in history while modernizing to create a better experience for the consumer.

In a way, it’s that tension between old and new that’s at the heart of the food tech and what makes it such an exciting space to explore, something we were reminded of last week in Dublin as the day unfolded.

The conversations, discussions and demonstrations made it clear that the future of food and the kitchen is still being established in diverse regions across Europe. Below are some key takeaways from the day – you can also check out some of the pictures from SKS Europe here.  And, if you’d like to connect with many of the same execs, make sure to attend our flagship event in Seattle on October 8-9th.

The Changing Meal Journey

“50 years ago, if you wanted to eat, you had to cook,” said the BBC’s LuLu Grimes on a panel discussing the reinvention of the recipe. “You don’t have to cook anymore.”

This is true. Whether it’s the abundance of food delivery options, more automated cooking technology or dining out, consumers today have many more options at their fingertips and will only have more in the future.

But what about using technology to get more of us into the kitchen? There was a general debate happening both on stage and over coffee on whether it was the job of technology to make cooking easier and more enjoyable or if tech could someday just take over the role of chef entirely. But the one question we kept revisiting was: how could innovation make cooking more approachable?

Chef Angela Malik at Smart Kitchen Summit Europe

According to chef Angela Malik, it’s by thinking more inclusively – we need to be making anything used for cooking or preparing food that can work with diverse ingredients and foods. Particularly in a region as diverse and varied as Europe, with a long list of cultures and traditions around food. Audiences will feel compelled and connected to an appliance or product that feels like it could fit into their lifestyle.

Other speakers felt the development of guided cooking will make preparing food at home less intimidating. Jon Jenkins of Hestan Smart Cooking talked about how the arrival of software and precision heating technologies will make cooking outcomes better, which ultimately will make people want to cook.

Personalization Will Drive The Kitchen Of The Future

Another recurring theme we heard during the day is new ways to create more personalized meal experiences are fast approaching.

Onlookers watch Tailor Made cocktail robot at SKS Europe opening reception

“Unearthing the right recipe for the right person at the right time is where technology is going,” said Kishan Vasani of Dishq.  Convenience is the end game, said Vasani, but with personalization at the center of it. Groups like FoodPairing and FlavorWiki are trying to capitalize on these trends by capturing data points about taste and flavor and creating algorithms that leverage data combined with personal preferences to create meals that have the right nutrition and the right flavors for you.

Food, Kitchen and Cooking Are Platform Opportunities

While big companies like Amazon and Google are creating broad horizontal platforms around AI, conversational interfaces and IoT, a number of companies see the unique and multi-varied nature of our relationship with food as an opportunity to create vertically focused platforms. Drop’s Ben Harris spoke about how the kitchen is the “heart of the home” and how they’ve built a company around focusing on the food making journey.  Innit’s Ankit Brahmbhatt spoke about how the beauty of the kitchen is it’s complicated and definitely not binary, which means there will never be just one solution to figure out the meal journey every day of the week.

Google’s Devvret Rishi, meanwhile, spoke about how Google has identified food as an important space and talked about how the company is working to find ways in which Google Assistant can be plugged into the meal journey.

Innovation Happening In Companies Big and Small

I always enjoy hearing about an entrepreneur’s journey, especially when it’s told with a little humor and lots of authenticity. Christian Lane recalled his roller coaster journey from the heady early days as the Dragon Den’s youngest-ever entrepreneur (19 years-old) to building the first prototype for what would eventually become Smarter with the last 90 pounds in his bank account after the crash of his first company.

Christian Lane talks about his entrepreneur journey into the smart kitchen

We also heard from the eight early-stage companies in our Startup Showcase. From AI-driven meal personalization apps like PlantJammer to hardware/food delivery service offerings like Mealhero, to the Showcase winning effort of Mitte which was focused on healthier & more efficient mineral water usage at home, it was inspiring to hear the stories of these driven innovators trying to bring change to the kitchen.

Whether its in a certain category or trying to create an entire ecosystem for the kitchen, innovation is not just small companies.  We heard from those responsible for driving change at Electrolux, BSH Appliances and V-Zug and how these companies are changing decades-old practices as they transition their business towards the digital kitchen. Mario Pieper who leads digital strategy at BSH Appliances (Bosch, Siemens, Gaggenau brands) talked about the importance of external *and* internal changes that must be addressed while legacy enterprise organizations work to keep up with the pace of disruption and the new players looking for partners and often times competition.

Similar to our first SKS in the U.S., kitchen appliance brands in Europe are eager to lead the conversation in the space, understanding the key role they play in the consumer kitchen but also recognizing the increasing role of digital content, connected platforms and grocery and home commerce brands. One startup founder during a networking break questioned why the larger grocery and retail chains were not on stage looking at how they plan to keep up with the future of food and the kitchen. “They aren’t sure what it means for them yet,” he remarked.

My guess is in the future they will be. Much like in Seattle and SKS Japan, I expect SKS Europe will continue to grow and incorporate more perspectives as we explore how the interlocking pieces across the entire food system recreate the meal journey. I hope to continue the conversation in Seattle and Japan and I hope you will join me.

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