Source: Califia Farms
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.
Plant-based dairy maker Califia Farms has received a $225 million infusion to expand its oat-based products and launch new product lines. Meanwhile, the parent company of plant-based fish brand Good Catch, Gathered Foods, has just raised $32 million from Greenleaf Foods and General Mill’s VC arm 301 Inc. Spain-based NovaMeat has unveiled its 3-D printed plant-based beef muscle cut which rivals the look and feel of a steak.
In other news, Indigo Ag has raised $200 million to support the continued global development of Indigo Grain Marketplace.
And last but not least, the USDA has updated its calorie counts – by tracking consumption and waste, they now have a better measure of the calories we’re actually burning.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
Investors include Qatar Investment Authority, Temasek, Claridge and Green Monday Ventures. The company will use the money to increase its production capacity, R&D efforts and geographical expansion.
The bridge round takes the company’s total funding to $850m. The new capital will support the continued global development of Indigo Grain Marketplace and promote the adoption of Indigo Carbon.
Gathered Foods received $32m led by Stray Dog Capital and Rocana Ventures. The funds will be used to expand distribution in North America and Europe, enter Asia, open a manufacturing facility, launch new products and enter foodservice.
The company has developed a 3D-printed plant-based beef steak made from pea protein and algae. Moving forward, it wants to partner with top restaurants, space agencies and cultured meat companies.
Nonstore retailers posted 2019 sales of $778.4b, up 13.1% from the prior year and squeaking by the individual totals for categories of food and beverage stores, restaurants and general merchandise vendors.
SP Ventures led the round. Part of funding will go towards introducing transaction-based fees and expanding to Mexico in 2020. The company matches buyers and sellers of agricultural products.
Certain ingredients like almonds, cashews, and walnuts are harder for eaters to digest than we realize. By tracking consumption and waste, USDA researchers now have a better measure of the calories we’re actually burning.
The capital is part of a $500m fundraising that’s likely to close in the next two months. The fund infusion also comes when Zomato is in talks to acquire UberEats in India.
The company is receiving funds from Lowercarbon Capital and Nutreco, which also will help create the nutrients to grow the cells. It aims to get cultured hamburgers on the market in Europe in the first half of 2022. Financial terms were undisclosed.
Over $1.45B was invested across 247 deals in 2018, according to the research in our second annual investment report produced in partnership with Ryan Willams. Check out the report for a deep dive into the investor and investment trends. We also share a complete list of deals and acquisitions.