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From Back to the Roots raising $5M to UberRush and ChowNow rolling out delivery partnership at thousands of restaurants, these are last week’s top food tech news and innovation stories.
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While December funding activity in the U.S. was light, there were a lot of international deals, pumping a total of $125M+ into the global food tech sector.
Once you create a new product, get it into stores and help it sell off shelves, it’s all about nurturing and continuing to grow your food brand.
The company plans to use the funding for 10 new products and to expand distribution and staff.
Grocery stores are now vying for their share of the $1.4B meal kit industry by introducing their own offerings.
Uber’s becoming a major player in the food delivery sphere.
Investments by farming groups are few and far between, or perhaps just a bit more under the radar than the activities of their VC counterparts.
Sales at farmers markets peaked in 2007 and haven’t grown since.