Source: Eat Just
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.
The senate has passed a first-ever climate mitigation bill for agriculture that will create new incentives and revenue sources for farmers in the carbon market. Long-time farmers are being forced to make better sense of their business as the western drought transforms the land, with broad consequences for the food supply.
Last but not least, Eat Just is mulling a $3 billion IPO later this year or early next year. Meanwhile, a jump in meat prices is forcing families all over the world to buy less as a broader move to plant-based eating is gaining traction.
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Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
Under the bill, the USDA would help farmers enter the carbon market, touted as the private enterprise way to earn money while combating climate change.
The $3b in valuation for its IPO will likely happen in Q4 2021 or early next year, an increase from the $2b valuation Bloomberg reported last October.
A jump in meat prices is forcing families from Brazil to the Philippines to buy less just as a broader move to plant-based eating is gaining traction.
A California farmer decides it makes better business sense to sell his water than to grow rice. An almond farmer considers uprooting his trees to put up solar panels. Drought is transforming the state, with broad consequences for the food supply.
A new analysis pins one-third of global greenhouse gases on the food system by including long-overlooked factors such as transportation, packaging and waste.
The new investment will provide Harmless Harvest with additional resources and operational capabilities to help it grow and expand its sustainability initiatives. The deal will accelerate the growth of Danone’s plant-based business.
Bumble Brew’s bricks-and-mortar debut has changed it from a date-friendly food destination to a “safe space.”
The indoor growing industry is hot among investors. More than $715m in funding has been secured by startups so far this year, amid the anticipation of two more public listings. But are expectations out of whack?
As the coronavirus overwhelmed Europe, the occupied building became the unlikely hub of an impromptu aid-distribution effort.
The new website connects people to food support resources, including hotlines, SNAP information, and a Google Maps locator tool that points people to their local food banks, food pantries and school meal program pickup locations.
The deal marks one of the largest funding rounds for a Middle East technology company. The cloud kitchen startup plans to expand in Saudi Arabia and start operations in new countries.
The startup has built an online grocery ordering and delivery business selling grocery fare of both large and local small businesses. Funding will drive its expansion into Europe.
The pandemic’s economic toll on the industry has been grave, though notably, the toll was not evenly distributed. A higher level of digital maturity was a clear success indicator for most restaurants that survived the crisis.
In late May, the Small Business Administration stopped processing relief applications from women, veterans and people of color. Then the agency started rescinding their approvals.
Fundraising is set to begin later this year and will support entrepreneurs and startups working on everything from predictive crop insights to AI-powered precision farming.
Born rich, Cindy McCain has little experience with hunger, agriculture or climate policy.
One notable feature of Local Kitchens is its ability to offer customers mix-and-match functionality when ordering digitally.