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The latest food tech & innovation news



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What If The Food Industry Ended Monoculture Farming?
Can sustainable agriculture and big food co-exist? The Future Market's Three Sisters Polenta shows why polycultures are the future of food.

As Food Tech Ripens, Investment Becomes a Challenge for Startups - San Francisco Chronicle
Having an innovative idea is no loner enough to raise venture funding in food tech. But there's still going to be plenty of growth and investment in the sector, especially in food safety, farming, restaurant automation, commerce and sourcing.

Last Week's Top Food Tech & Innovation Stories
Food Network Launches meal kits with Instacart, meet the new kale, Dig Inn Invests in its cooks and more.

Announcing The 10 Startups Pitching at FoodBytes! San Francisco
We are thrilled to announce the 10 food, agribusiness, beverage and tech startups that will demo at FoodBytes! San Francisco.

Food Tech Media Startup Funding, M&A and Partnerships: March and April 2016
While companies like Dinner Lab and Kitchit have shuttered, $2.02B was invested in food tech startups in March & April. Read more about Brita's thoughts on the future of food tech. 

Internet Of Food Series Featuring Farmigo's Benzi Ronen, Joanne Wilson, Robyn O'Brien & More
Don't miss ideas for how might we use technology, new business models and design to guarantee healthy, safe and sufficient food for everyone from Dig CEO Adam Eskin, Edenworks' Jason Green and New Harvest's Isha Datar.
FEATURED EVENTS



We are thrilled to be partnering with The Future Market on their Future of Protein Dinner in NYC. Join us June 28 for a multi-sensory edible exploration of the past, present and future of protein. Reservations are going fast, so snag yours today. 

Special thanks to event sponsors: MOFAD - Museum of Food and DrinkThe Algae FactoryBitwater FarmsBugsolutelyExo and HDC.
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FoodBytes! San Francisco is one week from today. Snag your spot to get an inside look at the up-and-coming trends and startups at the forefront of food and agriculture innovation

What are you waiting for!? Get your ticket for 15% off with the code "FTC15" now. 
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CPG


General Mills & Organic Valley Partner To Help Conventional Dairy Farms Transition to Certified Organic - Robyn O'Brien
The strategic sourcing partnership will help 20 dairy farms add around 3,000 acres to organic dairy production over the next three years.

Hormel Finds a New Recipe for Success - Fortune
Its revenue has increased from $5.4B to $9.3B over the past ten years. The old-school meat producer has paid more than $2.3 billion to acquire a portfolio of brands that sell organic food, ethnic food and health(ier) food. 

CPG Exits Rise For 4 Years Straight As Corporates Scoop Up Craft Brands - CB Insights
There were more than 165 exits of private CPG companies in 2015, a sharp increase over 2011, which saw 50 exits. 

Synthetic Wine Made Without Grapes Claims to Mimic Fine Vintages - New Scientist
Ava Winery in San Francisco can turn water into wine in 15 minutes by simply by combining flavor compounds and ethanol.

Is There a Better Ketchup Than Heinz? Without the Shelf Space, We’ll Never Find Out - Quartz
As demand for healthier food options continues to grow, condiment startup Sir Kensington's hopes to stick on Costco shelves and prove that Heinz can no longer dictate America’s condiment tastes.

RESTAURANTS


Meal-Delivery Company Sprig Goes Lean - Wall Street Journal
Six months ago, the startup brought on an airline chef and a cafeteria executive to run its kitchen like a factory. It now makes its 5,000 meals a day with 20% fewer chefs and has reduced its cost of meal prep by 22%.

Restaurants Flock to Tock's Reservation Ticketing System -  ChicagoInno
A year in, Nick Kokonas and Brian Fitzpatrick's startup has processed over $30 million and seated half a million diners.

This Restaurant Chain Now Lets You Order Via Facebook Messenger - Fortune
Half of fast-casual restaurant Wingtip's sales come from millennials, and now its new ordering platform will let them order directly from Twitter and Facebook messenger in minutes. 

Can Local Tech Make Dining Out ‘Seamless, Tailored & Magical? - StreetFight 
NoWait founder Ware Sykes discuss how technology is rethinking the conventions of dining out for both customers and restaurateurs.

​Domino's to Track Customers Via GPS En Route to Store - ZDNet 
The pizza chain has build its own GPS driver tracker application that will track customers on their way to in-store pizza collection. 

Deliveroo Delivers For Investors As Revenues Reach £130m This Year - The Drum
The delivery startup has seen 25% month-over-month growth, and its orders have grown tenfold since January 2015.

Ordermentum Raises $2.5M To Connect Suppliers & Retailers - Business Insider Australia
Ordering and payments platform Ordermentum raised a $2.5M Series A from investors including Capital Markets Technology, David Gordon, James Spenceley, Greg Wilkinson, Alison Deans and David Skellern. 

RETAIL


Meal-Kit Startup Blue Apron Said to Hold Preliminary Talks On IPO - Bloomberg
The company, which was recently valued at $2B, has discussed the possibility of proceeding with an initial public offering in the next 12 months.

Louisville’s Door to Door Organics Combining with Relay Foods in Online Grocery Merger -The Denver Post
Together, they serve 18 states. Financial terms of the all-stock merger were not disclosed, but Brick Meets Click estimates that their combined revenue is $50M+. 

How This Meal delivery Startup Turned $500 Into an $18 Miillion Business - CNBC
Zalmi Duchman discusses launching and growing Fresh Diet and his advice for budding food tech entrepreneurs in the crowded space.

Amazon Increases India Investments to $5 Billion to Take on Flipkart, Snapdeal - LiveMint
Amazon’s investment plans raises pressure on competitors to keep raising fresh funds at a time when investors have soured on e-commerce. 

Amazon's Alexa Teams Up with Nutritionix to Help User Keep Track of Calories - Digital Trends
Amazon’s Siri competitor will now integrate with the nutrition-tracking app to let users share nutrition information and keep extensive food logs.



AGRICULTURE


Can a Trash-Talking Seed Get People to Care About Consolidation in Agriculture - Civil Eats
Consolidation in Agriculture?Only six companies control more than half of the world's seeds. That number could soon shrink to three. The Clif Bar Family Foundation hopes Mr. Seed will engage a new audience in the discussion about what that shift would mean.

Can Monsanto Save the Planet? - Fortune
The world’s most vilified company—now a takeover target—has a plan to feed us all. Will it work?

This Smartphone-controlled Fridge Can Grow Any Fruit or Vegetable - Tech Insider
The Everblume hydroponic garden system sets up the ideal conditions for plants to thrive and collects data about their progress, adjusting lighting, temperature, CO2 and oxygen levels accordingly. 

Are Shipping Containers the Future of Farming? - Wall Street Journal
Freight Farms is using repurposed freight containers and LED lights to grow acres’ worth of produce in a fraction of the space of conventional urban farming.  

How FARM Illinois Wants to Make the State a Hub for Agriculture Innovation - ChicagoInno
The plan analyzes the state’s current food and agriculture system and gives recommendations on how Illinois and Chicago can become global leaders in these industries.

EATERS & HEALTH


The App Boom Is Over - re/code
The top 15 app publishers saw downloads drop an average of 20 percent in the U.S last month. People are done downloading apps, unless they are Uber or Snapchat.

New Obesity Study Shares Grim Results - Food Dive
Despite major funding, research and health programs to shrink the national waistline, obesity remains a significant issue in the U.S., according to a recent study. 

Can a Global Reporting Framework Help Tackle Food Waste? - BusinessGreen
The first ever global Food Waste and Loss Standard aims to harmonize measuring and reporting of private sector food waste.

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