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Supplements

February 14, 2019

FuelTechnology Developing a Keurig for Protein Powder (and other Supplements)

Here at The Spoon, we had to ban the headline “X is the Keurig of Y” because for a while, the food tech industry was just using it too much in elevator pitches. It became too much of a lazy go-to. I pulled rank, however, and brought it back out today because honestly, it’s just the easiest, most accurate way to describe what the Swiss startup FuelTechnology does.

FuelTechnology is developing a cartridge-based drinking+supplement dispensing system. You load a disposable cartridge of a powder supplement (think: protein powder) into the base of a special shaker bottle. After a workout, you fill up the shaker bottle with water (or whatever liquid) and push a button to release the powder into the drink.

The advantage to this system, ideally, is less mess and more mobility. Instead of scooping out one serving of powder into a shaker bottle, you can carry multiple cartridges and use them as you like. The cartridges will be made from biodegradable plastic and the company is still determining if they will make their own supplements, or co-brand it with a CPG company for retail. Cartridges are expected so sell for $3.50 a serving, which seems about right.

FuelTechnology Co-Found and CEO, Angelo Giuliano, told me that his company has a number of patents pending for the system, but this fully realized version of FuelTechnology’s vision won’t hit the market for another year as the company continues to develop and manufacture it.

Until FuelTechnology can go full-on with its cartridges, the company is selling the Fuelbaby, a formula+baby bottle system for feeding infants. Fuelbaby sells for $25 directly via its website.

FuelTechnology’s, errr, technology, immediately reminded me of Drinkfinity (but most people wouldn’t understand the headline “X is the Drinkfinity of Y”). Made by Pepsi, Drinkfinity uses a special shaker and disposable cartridges of liquid and powdered flavorings to jazz up your water. But Drinkfinity’s pods are more about adding a splash of mango to help keep you hydrated, rather than adding a supplement like protein or amino acids. But still, Pepsi is a big brand with lots of marketing muscle (pardon the pun) and could easily move into the supplement market if it sees an opportunity.

FuelTechnology has raised $1 million in funding, and fun fact: Giuliano is an investor in a different food pod-based startup, countertop yogurt maker, Yomee. Neither product has hit the market yet, so we’ll have to wait and see if Giuliano’s cartridges will catch on with consumers.

March 14, 2018

Bone Broth’s $103M Funding Shows Food Supplements Are A Hot Industry

How would you like to have your bone broth and drink it too?

Ancient Nutrition, a company best known for its bone broth-based protein supplement powder, just snagged a $103 million investment. The funding round was led by private equity firm VMG partners along with Hillhouse Capital and Iconiq Capital. It also included participation from over 100 current and former players in craft food companies such as Noosa Yogurt, The Honest Company, and Stone Brewing.

Ancient Nutrition’s new boost in funding shows that the market for supplements—especially ones that are “natural”—is still booming. The company’s main product is powdered bone broth, a trending meal supplement (which is essentially broth) sipped by health fiends and hipsters alike. Bone broth has particular appeal to people on the ketogenic diet, who believe that we should be eating more like our ancestors: high fat, lots of protein, and minimal carbs. The rising popularity of this and other low-carb diets, such as the paleo diet, have led to a higher demand for protein supplements.

Ancient Nutrition also offers bone broth-derived supplements such as protein powder, which comes in flavors like “French Vanilla” and “Greens.” These can be used in your post-workout smoothies or as a meal replacement, which is another category that has been on the rise lately thanks to veteran Soylent and startups like Bear Squeeze and Ample.

Ancient Nutrition has a serious health food pedigree. Co-founder Jordan Rubin started Canadian dietary supplement and probiotic company Atrium Innovations, which was acquired by Nestlé last year for $2.3 billion. He then took his natural products know-how to start Ancient Nutrition in 2016 alongside Josh Axe, the man behind the popular health & fitness website Dr.Axe.

This funding indicates a strong consumer market for health supplements, especially ones derived from natural products instead of chemicals. Throw the words “superfood” and “whole food” in there, and Ancient Nutrition is capitalizing on three consumer trends: natural, unprocessed foods, miracle health ingredients, and low-carb, high-protein diets. Plus they’ve got convenience going for them; by turning bone broth from a beverage that takes hours to cook into an instant, portable supplement, they’ve made it uber accessible.

Ancient Nutrition plans to use their funds to develop new healthy lifestyle products like fungi, probiotics, and essential oils, presumably all of which will come in French Vanilla.

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