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From Brightfarms raising $4.9 million to build greenhouses on urban supermarkets to OpenTable acquiring Ness and getting into mobile payments , these are our top 5 picks from last week in food tech. Like what you read? Feast your eyes on the full roundup here. Or better yet, sign up for our newsletter and get the latest and greatest in food tech delivered to your inbox every week.
The round was led by GEN Partners, Emil Capital Partners and BrightFarms founder Ted Caplow. The capital will allow the startup to fund new greenhouse construction and build out its team.
The Ness app and site will be discontinued with the technology getting integrated into OpenTable’s product and development efforts.
Where large companies have struggled, startups are finding new and cheaper ways to meet consumer needs. Food startups are now tackling many of the problems in the food supply chain and bringing a faster cycle of innovation to the shelf.
Nearly 100 members of the food tech community joined us for our NYC Food+Tech Meetup: How New Tech is Transforming Restaurants. We heard from 6 startups who are working to revolutionize the restaurant industry, from mobile payments to improving employee performance.
The investment division of sustainable bank Triodos has launched a new €25.3m (£20.8m) investment fund, investing in leading, privately owned organic food and sustainable consumer product companies across Europe.
And don’t miss some of last week’s top stories:
Increasing deal activity and deal sizes in the food tech and food media space resulted in $1.6b of investment in 2013 and $2.8b over two years.
There were 8 notable food tech media acquisitions and 8 investments, for a total of $54 million in investment, in December 2013.