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From $549M being invested in food tech in May, to the top innovations at Fancy Food Show, to healthy salad QSR Sweetgreen raising $35M, these are last week’s top food tech news and innovation stories. Like what you read? Feast your eyes on the full roundup here. Or better yet, sign up for Food+Tech Bytes and get the latest and greatest in food tech delivered to your inbox every week.
With 2 monster acquisitions (totaling $1.3B) and 21 fundraises (totaling $549M), capital continues to flow into the global food tech and media sector.
The US District Court in D.C. approved the FTC’s injunction against the merger, which is good news for distribution startups like FarmersWeb, Sourcery and TerreLocal.
The grocery delivery service will soon add a local produce component to its offerings.
Pistachio spread, goat milk caramels and sheep milk yogurt top the list.
The round was led by T. Rowe Price with participation from Revolution Growth. It brings the QSR’s total venture funding to $95M.
Shawn Cooney harvests 4-6k plants a week in his Freight Farms container farm — roughly 80 times the number he’d get from a similar amount of space on a conventional farm.
A three-month pilot program with eight organizations saw about 10,000 pounds of food donated through the iOS app, sometimes in just a few minutes.