Image Credit: Christina Nuzzo / LifeMosaic Photography
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
And this week, we are excited to announce launch of our new podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast and check out our first few episodes:
#1: Introducing: New Food Order
#2: Is the world better with your business in it? With Paul Polman, former CEO of Unilever
#3: Looking to Our Indigenous Past For a Regenerative Future, with Nathalie Kelley
And be sure to subscribe and share!
Led by Elly Truesdell and Hallie Bonnar, New Fare Partners is the latest female-led VC fund to close its first fund. The VC firm has so far raised $20 million in capital commitments for its inaugural fund investing in early-stage food and beverage businesses.
Animal-free dairy is coming to Asia in an industry first, with the arrival of Perfect Day’s Very Dairy line of milk products in Singapore.
Last but not least, the UFCW unions, which represent over 100,000 workers for Kroger and Albertsons, detailed their opposition to the merger. The group raised concerns the merger will decrease grocery industry competition, raise food prices and cause major job cuts.
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1. De-Commodifying Carbon and our Industrial Food Systems, with Tom Goldtooth – New Food Order
Carbon markets are emerging as a leading tool for tackling our climate crisis, but are they actually getting to the root of the crisis? We speak to Tom Goldtooth (Dine’ and Dakota), executive director of the Indigenous Environmental Network about how businesses and communities might approach the climate and social crises.
2. New Fare Partners Is Latest Female-Led VC to Close First Fund – TechCrunch
Co-founded by Elly Truesdell and Hallie Bonnar, the firm secured $20m in capital for its inaugural fund investing in early-stage F&B businesses.
3. Singapore: Perfect Day’s Precision Fermentation Animal-Free Milk Comes to Asia In an Industry First – Green Queen
Very Dairy, the animal-free milk made from microflora, will be available across grocery stores in Singapore.
4. UFCW Local Unions Detail Opposition to Kroger-Albertsons Merger – Grocery Dive
A group representing more than 100k workers for the grocers raised concerns the merger will decrease grocery industry competition, raise food prices and cause major job cuts.
The European provider of nutritional products has sold more than 270m meals across the globe since Julien Heard started the company in 2015. Now with $24m in fresh capital, it plans to do even more.
Three of the first eight cultivated meat companies in the world started in Israel, and all three are poised for international distribution once local food regulators authorize sales of lab-grown meat.
7. Germany: Vertical Farm Network InFarm to Lay Off ‘More Than Half’ of Workforce, Downsize Operations – AFN
Infarm cites skyrocketing energy prices and the wider downturn as reasons for these latest cuts for indoor farming.
With a rich mouthfeel and increased nutrition profile, ImpacFat’s newly cultivated fish fat is the latest cultured fat poised to disrupt the alternative protein sector.
9. Leading Food and Beverage Companies Launch Agricultural Coalition to Scale Up Agronomic Support for Soil Building Practices Across the US – Sustainable Food Lab
General Mills, Anheuser-Busch, PepsiCo, Unilever and others will join the Trusted Advisor Partnership to amplify the adoption of profitable stewardship practices, starting in North Dakota.
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