Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Last week’s top news was dominated by several major acquisitions. Whirlpool bought recipe search engine Yummly and Scripps Network picked up the millennial-focused online food publication Spoon University. In CPG and retail news, scandal-ridden Hampton Creek is struggling to find investors while, despite recalls, Soylent raised $50M and the future of Whole Foods remains to be seen.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
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We’re humbled that our own Danielle Gould is among the impressive list of honorees. Congrats to all!
For every bottle of water purchased, GIVN donates one day of clean water to a person in need.
After an investigation by the SEC and a current management crisis, Hampton Creek has only raised $7M towards its goal of $150M.
Having weathered multiple recalls, Soylent has raised $50M in a round that brought their total funding to $74.5M. GV’s Andy Wheeler led the round with Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz also contributing.
David Lipman—the director of the National Center for Biotechnology Information—is coming on as its first chief science officer overseeing R&D and information technology.
Facing mounting pressure from shareholders, the natural organic chain needs to produce results quickly or consider a sale.
The e-commerce giant isn’t killing it in the space — yet — but analysts say its efforts are poised to payoff in the long run.
For Whirlpool, the acquisition is one of many steps that the company has taken over the years to place itself into the current and next-generation of how consumers cook.
Scripps Network has reached an agreement to acquire leading millennial-focused online food publication company Spoon University. Sources say Spoon University is being valued at $10M.
Seven months after launching Goodful—a Facebook-centric brand focused on making healthy food videos—snack-food giant Mondelez is handing over the reins to BuzzFeed.