Latest News in the food Industry

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Yali Bio comes out of stealth mode to launch synthetic fat

12 Nov 2021

Lab-generated, synthetic fat startup Yali Bio is the latest company to raise funds to develop a plant-based alternative fat that mimics animal-derived options. While the company is still a nascent startup, it has already drummed up some institutional f...

IBM partners with McDonalds to automate drive thru orders

11 Nov 2021

Fast food chain McDonald's announced it is entering into a partnership with IBM to accelerate the development of artificial intelligence technology that will automate the restaurant's drive-thru lanes.

Source Brewing brews a tribute to Beastie Boys with an IPA beer

10 Nov 2021

New Jersey-based Source Brewing is paying tribute to the legendary 90s group from its home state with the re-release of Intergalactic Imperial IPA. As a limited release last year, Intergalactic was one of the brewery's most popular creations, selling o...

Applegate introduces a hot dog with regeneratively grown beef

9 Nov 2021

Hormel-owned Applegate Farms, which is known for its natural and organic meat offerings, released The Do Good Dog, a hot dog made from beef raised in a verified regenerative U.S. grasslands system.

Cell-cultured dairy company maker TurtleTree closes $30M in Series A

8 Nov 2021

Singapore’s TurtleTree successfully closed a $30 million Series A funding round led by Verso Capital. This investment is one of the largest rounds to date in Asia’s cell-based food sector and brings TurtleTree’s total investment figure to $40 million.

Sweden’s Nick’s lands $100M funding Round

5 Nov 2021

Better-for-you ice cream and snack brand Nick’s closed a $100 million funding round led by Kinnevik, Ambrosia and Temasek with participation from Gullspang. The company said these funds will be allocated to expanding its portfolio of healthy snacks usi...

Cocoa-free chocolate company raises $6M for expansion

4 Nov 2021

Germany’s QOA, a startup striving to create chocolate without the cocoa, closed a $6 million funding round led by Cherry Ventures with participation from 50years, World Fund, Nucleus Capital, Trellis Road, Pioneer Fund, and Tet Ventures.

British meal kit company trials edible packaging made from pea protein

3 Nov 2021

Meal kit company Gousto is trialing the world’s first pea protein packaging as a vegetable stock cube wrapper this November. Made from engineered pea protein that has been dried into sheets in order to preserve food flavor and shelf life, the vegan, gl...

Coca-Cola acquires remaining stake in BodyArmor sports drinks

2 Nov 2021

Coca-Cola announced it is spending $5.6 billion to acquire the remaining 85% of the sports drink brand BodyArmor that it did not previously own. The Atlanta-based company initially took a 15% stake in BodyArmor in 2018.

Nestlé debuts refrigerated afternoon pick-me-ups

1 Nov 2021

The world’s largest food manufacturing company is launching a new chilled snack called Nestlé Rallies Nut Butter Bombs. These refrigerated bars are filled with nut butter, coated in a chocolate shell, and come in three flavors: Brownie Almond Butter an...

Kind’s new CEO comes from Mars Wrigley candy business

29 Oct 2021

Kind Healthy Snacks is shaking up its leadership team and has appointed Russell Stokes as the new Chief Executive Officer of Kind North America. This change took effect immediately on Oct. 20.

Germany’s Veganz supermarket chain prepares for IPO

28 Oct 2021

Germany's pioneering vegan company Veganz went public on Oct. 27 on the Regulated Unofficial Market (Freiverkehr) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), according to a release published on the company’s website. The initial offe...