China’s Sysco wannabe Lehe Food raises $56m in Series C round
May 11, 2020
The Guangzhou-based startup raised a total of $29 million across two rounds last year. On-demand giant Meituan Dianping co-led the latest fundraise.
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Category: FoodTech
Q&A: How is Covid-19 impacting fresh produce businesses globally?
May 8, 2020
In this roundtable, execs from Waycool, Future Group, and RipePlanet give a detailed picture of Covid-19’s impact on the fresh produce sector.
Americans need better access to healthy food to lower risk of Covid-19 complications
May 7, 2020
The failings of the US food system have left 88% of the population metabolically unhealthy. Frighteningly that means they’re all at a higher risk of complications from the Covid-19 virus compared to the 12% who are deemed metabolically healthy. This startup wants to help.
ReFED launches $1m Covid-19 food waste relief fund with goal to raise $10m more
May 7, 2020
The effort provides funding to organizations that can rescue food before its wasted and redirect it to individuals in need.
Hatch 4.0 accelerator is open for innovators who can bring sustainability to aquaculture
May 7, 2020
Hatch is inviting startups to apply for the fourth cohort of its aquaculture-focused program, which has accelerated the likes of Finless Foods and Jala.
Strella Biotech scores $3.3m seed round co-led by Yamaha to track ripeness with IoT
May 6, 2020
The early-stage startup wants to help packers, and eventually retailers, better manage their inventories so that consumers never have to suffer overripe fruit again.
Indonesia’s GudangAda raises $25m at Series A with $100m in monthly food & ag transactions
May 5, 2020
Sequoia Capital and Alpha JWC Ventures co-led the round, which brings the B2B marketplace’s total funding to $36 million in just 15 months.
Uber Eats beats a retreat in Europe, Americas, and Middle East
May 5, 2020
Uber is pulling out of the food delivery business in 7 countries to “reinvest… in priority markets.” Here are some clues as to where it should refocus.
Agrifood corporates turn to startups to hedge disruptions and get an edge on trends
May 4, 2020
The Covid-19 crisis offers a stark warning of how vulnerable the food chain is to shocks, and underscores the value of corporations’ engagement with startups to spur new agri-foodtech solutions ahead.
GROW partners Singapore’s Startup SG Founder program and launches Asia pre-accelerator
May 4, 2020
GROW becomes an accredited mentor partner for the Singapore government program, while launching its ‘Pre Accelerator’ for “very early stage” startups.
Cargill unveils PlantEver plant-based brand for Chinese consumers, expands B2B offering
May 4, 2020
PlantEver is the name under which the US agribusiness giant’s fake meat will be marketed to Chinese shoppers, starting from the end of June.
AgFunder Digitalk #2: Asian agri-foodtech & sustainability amid food security challenges
April 30, 2020
Covid-19 ravaged Asia before going global. We talk to three thought leaders in the region about how their strategies and investment priorities have changed.
Now is the time to invest in foodtech
April 30, 2020
As investors seek diversity in order to weather the storms ahead, now, more than ever, FoodTech stands out for its value, its strength, its opportunities and the benefits it brings, writes PeakBridge Partners.
EXCLUSIVE: MicroGen Biotech raises $3.8m Series A to take heavy metals out of food
April 29, 2020
We’ve seen microbes for crop health but what if they can help prevent dangerous heavy metals from entering food, too?
Covid-19 is accelerating inevitable food trends but which changes will stick?
April 29, 2020
The news cycle for the entire Covid-19 pandemic crisis has been awash with crises in the food industry, forcing various tech providers to step up to the challenge. But which will be left wanting when the virus eventually subsides?
How Sweden’s Amazon is disrupting online food in the Nordics
April 29, 2020
Interesting things are happening in the Nordics. MatHem (literally “Food Home”), the market leader in online groceries in Sweden, has teamed up with a local financial colossus and industrial enfant terrible to re-draw the food map, writes Johan Jorgensen.
Starbucks enters China’s agrifood investment scene with Sequoia Capital partnership
April 29, 2020
The US coffee chain and Sequoia China will make “strategic co-investments” in emerging, tech-driven food and retail startups “created in China, for China.”
Cargill trials plant-based protein in KFC China as battle for Asian domination heats up
April 28, 2020
KFC Plant-Based Chicken Nuggets go on sale today for a limited period, as Cargill and other alternative protein makers jostle for pole position in Asia.
Digitizing global commodities trading will take “a lot of time.” Covantis is set to start in Brazil
April 27, 2020
The heavyweight list of project owners includes ADM, Bunge, Cargill, COFCO, Louis Dreyfus Company, and Glencore Agriculture.
Io sto con i ristoratori: Italy’s foodtech industry creates digital taskforce to support foodservice industry
April 27, 2020
“Social Solidarity” is beyond any doubt one of the most used phrases of recent weeks. At the same time, the foodservice industry is probably the most affected sector of the global Covid-19 pandemic, as Italy is the worst-hit European country, writes Antonio Iannone.
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