Latest news in the food and nutraceutical industry
Innovation and R&D
Gotham Greens expands its local greenhouses with $87M in funding
7 Jan 2021
Indoor greenhouse company Gotham Greens raised $87 million in a Series D round led by Manna Tree, bringing its total funding to $130 million while also doubling its revenue in the past year. Retail volume growth has jumped 80% year over year for the co...
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Singapore becomes first country to approve lab-grown meat
4 Jan 2021
The Singapore Food Agency, the city state’s regulatory body for food, approved San Francisco startup Eat Just’s cell-based meat chicken product, paving the way for its sale in the country.
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Abbott launches infant formula with immune component
10 Dec 2020
Infant nutrition company Abbott Nutrition launched its new Similac line Pro-Advance which is its “closest formulation to breast milk” and includes added 2’-FL HMO prebiotic for infant immune support. The company is launching this product in Canada wher...
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Terra Kaffe closes funding for single-serve, podless espresso machine
1 Dec 2020
Superautomatic espresso maker Terra Kaffee closed a $4 million funding round with the New York-based venture capital fund The Seed Lab, bringing its total funding to just shy of $5 million since its debut in 2019.
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Former Walmart alumnus brings AI to trucking, minimizing spoiled produce
26 Nov 2020
The former Walmart executive Syed Aman has moved on in his logistics career and is now the cofounder and CEO of HWY Haul, a company that professes a goal of streamlining the business of delivering produce to retailers while also reducing food waste.
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Cham Foods releases pulse and grain-based instant meals
24 Nov 2020
Israeli based Cham Foods has engineered a line of dry, ready-to-eat pulse- and grain-based instant meals. These new instant meals and soups contain legumes and grains that when hot water is added retain the shape and texture and take only minutes to ma...
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Israeli cell-based meat company Meat Tech 3D files for U.S. IPO
12 Nov 2020
Israeli cell-based meat company, Meat-Tech 3D, is a relative newcomer to the industry but is making up for lost time with a flurry of activity. Most recently, the company filed its paperwork with the U.S. Securities and Exchange Commission to begin the...
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Coca-Cola reveals its new paper bottle prototype
11 Nov 2020
Atlanta-based beverage company Coca-Cola announced that it is testing a paper bottle prototype this month for both still and carbonated beverages. While this prototype will be tested in limited markets, Coca-Cola said that it is “too early” to specific...
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Plant-based food maker Alpha Foods launches DTC platform
10 Nov 2020
California-based Alpha Foods launched its direct-to-consumer (DTC) platform in the U.S. to take advantage of the growing market for plant-based and e-commerce delivery options. The company's products will also continue to be sold at brick and mortar re...
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Tesco’s new incubator program heavily features plant-based companies
30 Oct 2020
Tesco is in its fourth year of hosting an incubator program for startup consumer packaged brands, and this year, the cohort features a substantial list of plant-based brands that will receive institutional support from the supermarket chain and its pan...
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Walmart and Flipkart invest $30M in Indian e-commerce platform
27 Oct 2020
The U.S. retail giant Walmart and India’s grocery e-commerce company Flipkart (which is majority-owned by Walmart) invested for the second time this year in the Indian delivery startup Ninjacart. Although the companies did not disclose their financial ...
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UK invests in insect farms, accelerating development of sustainable protein
23 Oct 2020
In its quest to promote sustainable agriculture, the UK government’s Industrial Strategy Challenge Fund (ISCF) provided London startup Entocycle £10 million ($12.9 million) for the construction of the country’s first large-scale industrial insect farm ...
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