This Week in Food: Biden takes on sesame, the startup challenging McDonald's, 70+ global food waste solutions and the big beef with beef.

This Week in Food: Biden takes on sesame, the startup challenging McDonald's, 70+ global food waste solutions and the big beef with beef.

By
Nicola Spalding
April 30, 2021

The Digest 💡


♻️ Here's our database of 70+ Food Waste startups working on everything from consumer goods to marketplaces, biotech solutions and more.

 📈 What’s Up: Agrifoodtech companies raised $22.3B in 2020, marking a CAGR of 50% during the last decade. According to data by Finistere Ventures and PitchBook Data, 2020 brought in a third of the amount raised by food tech in the last decade, and meal kits, delivery startups and e-commerce saw the largest proportion of funds.

🥫Some big food firms such as P&G and Coca-Cola are planning to raise prices on their products to combat rising commodity costs, following a year of surging demand, but they’re savvy about doing it in ways which are harder to notice.

📉 What’s Down: California water officials have moved to stop Nestlé from siphoning millions of gallons of water out of drought-hit San Bernadino forest, in order to bottle it and sell under its Arrowhead brand. For years, local environmentalists have accused Nestlé of draining water supplies at the expense of communities and ecosystems.

 💸 Funding: See all 14 rounds here including Tasters $37M round to take on McDonalds, agritech startup Halter securing $29M for its ‘cowgorithm’ technology, Orbillion Bio closing $5M for it's cell-cultured premium meats.

💡Lessons learned on early-stage fundraising from Råhandel, a Rockstart AgriFood portfolio company (sponsored)

🇺🇸 President Joe Biden has signed a new law to declare sesame a major food allergen. The new legislation means that all products that use sesame seeds or their derivatives will have to be explicitly labeled after January 1st 2023. 

🥬 The CEA Food Safety Coalition has announced the first-ever food safety certification program for indoor agriculture. Upon passing inspection via the new Leafy Greens Module, growers can then include a “CEA food-safe” seal on their packaging.

Startups / Investors💡

Source: Mycorena

🏭Mycorena AB and Falkenbergsgruppen AB have announced a joint project to build a large-scale mycoprotein production facility, a first of its kind in Scandinavia.

 🚴‍♀️Indian food delivery startup (and unicorn) Zomato has filed for IPO and plans to raise $1.1B, having been valued at $5.4B in its most recent fundraise round after colossal growth through the past few years.

🥛Israeli food tech Biomilk has become the world’s first publicly-traded cell-cultured milk company, having gone public on the Tel Aviv Stock Exchange earlier this month, and is planning a US IPO on the Nasdaq exchange as its next step.

🧫 Cell-based seafood startup BlueNalu is partnering with Mitsubishi Corporation and global seafood producer Thai Union to accelerate the launch of its cultivated seafood across Asia-Pacific. 

💰DoorDash is announcing new pricing plans for restaurants, its first standardised pricing, in response to caps on delivery fees across several US states. Its basic delivery commission will start as low as 15%, and it will only charge a 6% commission for pickup orders across all its plans.

🧃European bevtech startup Waterdrop is launching its ‘microdrinks’ into the US. These hydrating, sugar-free cubes are made with fruit and plant-based extracts, and dissolve in water, to encourage consumers to up their hydration but minimise single-use plastic.

💡MassChallenge Switzerland has announced the top three startups in its Sustainable Food Systems Challenge, and has chosen Sophie’s Bionutrients, creators of sustainable, microalgae-based protein, as the overall winner.

Alternative Protein 🌱🧫

Source: Taco Bell

🌮 Taco Bell is trialling a new meatless protein dubbed the “Cravetarian”, made from chickpeas and peas, to ensure that “no one should have to sacrifice bold flavours for their lifestyle”.

 📊The Philippine Stock Exchange has approved Monde Nissin’s proposed $1.3B IPO. The company owns globally-recognised alternative protein brands Quorn and Cauldron Foods, alongside local brands such as Lucky Me! instant noodles and Monde baked goods.

👨‍💻Bell Flavours & Fragrances has launched an alternative protein platform to provide clean label functional masking solutions to mitigate off notes and improve the taste profiles of plant-based protein products.

 🍔Beyond Meat is launching the latest iteration of its plant-based beef patties into US stores next week, claiming its “meatiest, juiciest’ burger to date, with a nutritional profile comparable to conventional beef. Plus, it’s reportedly planning to launch a plant-based chicken alternative this summer, after pulling its frozen chicken strips from shelves in 2019.

 🧫Singapore Sling: Several firms are establishing a base in Singapore, a key location in Asia for the development of alternative proteins, to take advantage of the city-state’s forward-thinking regulatory framework and other ‘hub’ facilities. Among them, Hong-Kong based cell-cultured seafood firm Avant Meats plans to establish a R&D and pilot manufacturing plant, global food processing company Archer Daniels Midland (ADM) has opened an innovation lab, and food processing solutions giant Bühler has joined forces with Givaudan, the world’s largest flavour and fragrance manufacturer, to open a plant-based protein innovation centre. Maybe it's time we all move to Singapore?

🥩Popular online recipe bank Epicurious has been quietly phasing out beef-based recipes for over a year, and has now announced to readers that it is done with creating new beef-based recipes altogether, in a move that is ‘pro-planet’ rather than ‘anti-beef’.

👩‍🍳Plant-based eating is now so popular that vegan butchers on high streets may be the next logical step, to give consumers access to fresh, high quality meat alternatives which look, taste and cook just like conventional meat.

Big Food🕴

Source: Sam's Club

🍿PepsiCo and Krispy Kreme have joined forces to release limited-edition ready-to-eat, original glazed doughnut-flavoured popcorn, inspired by a panel of Gen Z consumers. Dreams can come true!

⌨️Cargill is investing in Dutch alternative protein startup Bflike to combine its food ingredient solutions with the startup’s recipes and technology and support companies in bringing plant-based products to market quickly and affordably.

✂️Restaurant operator Yum Brands, which operates the likes of Pizza Hut, Taco Bell and KFC, has committed to cut greenhouse gases by 46 percent by 2030 in partnership with its franchisees, suppliers and producers, and achieve net-zero emissions by 2050.

🥄General Mills has launched a new high-protein yoghurt under its ket-friendly Ratio brand, It boasts 25g of protein per serving, and GM claims it is the highest-protein yoghurt available on the market in a single serve cup.

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The Digest 💡


♻️ Here's our database of 70+ Food Waste startups working on everything from consumer goods to marketplaces, biotech solutions and more.

 📈 What’s Up: Agrifoodtech companies raised $22.3B in 2020, marking a CAGR of 50% during the last decade. According to data by Finistere Ventures and PitchBook Data, 2020 brought in a third of the amount raised by food tech in the last decade, and meal kits, delivery startups and e-commerce saw the largest proportion of funds.

🥫Some big food firms such as P&G and Coca-Cola are planning to raise prices on their products to combat rising commodity costs, following a year of surging demand, but they’re savvy about doing it in ways which are harder to notice.

📉 What’s Down: California water officials have moved to stop Nestlé from siphoning millions of gallons of water out of drought-hit San Bernadino forest, in order to bottle it and sell under its Arrowhead brand. For years, local environmentalists have accused Nestlé of draining water supplies at the expense of communities and ecosystems.

 💸 Funding: See all 14 rounds here including Tasters $37M round to take on McDonalds, agritech startup Halter securing $29M for its ‘cowgorithm’ technology, Orbillion Bio closing $5M for it's cell-cultured premium meats.

💡Lessons learned on early-stage fundraising from Råhandel, a Rockstart AgriFood portfolio company (sponsored)

🇺🇸 President Joe Biden has signed a new law to declare sesame a major food allergen. The new legislation means that all products that use sesame seeds or their derivatives will have to be explicitly labeled after January 1st 2023. 

🥬 The CEA Food Safety Coalition has announced the first-ever food safety certification program for indoor agriculture. Upon passing inspection via the new Leafy Greens Module, growers can then include a “CEA food-safe” seal on their packaging.

Startups / Investors💡

Source: Mycorena

🏭Mycorena AB and Falkenbergsgruppen AB have announced a joint project to build a large-scale mycoprotein production facility, a first of its kind in Scandinavia.

 🚴‍♀️Indian food delivery startup (and unicorn) Zomato has filed for IPO and plans to raise $1.1B, having been valued at $5.4B in its most recent fundraise round after colossal growth through the past few years.

🥛Israeli food tech Biomilk has become the world’s first publicly-traded cell-cultured milk company, having gone public on the Tel Aviv Stock Exchange earlier this month, and is planning a US IPO on the Nasdaq exchange as its next step.

🧫 Cell-based seafood startup BlueNalu is partnering with Mitsubishi Corporation and global seafood producer Thai Union to accelerate the launch of its cultivated seafood across Asia-Pacific. 

💰DoorDash is announcing new pricing plans for restaurants, its first standardised pricing, in response to caps on delivery fees across several US states. Its basic delivery commission will start as low as 15%, and it will only charge a 6% commission for pickup orders across all its plans.

🧃European bevtech startup Waterdrop is launching its ‘microdrinks’ into the US. These hydrating, sugar-free cubes are made with fruit and plant-based extracts, and dissolve in water, to encourage consumers to up their hydration but minimise single-use plastic.

💡MassChallenge Switzerland has announced the top three startups in its Sustainable Food Systems Challenge, and has chosen Sophie’s Bionutrients, creators of sustainable, microalgae-based protein, as the overall winner.

Alternative Protein 🌱🧫

Source: Taco Bell

🌮 Taco Bell is trialling a new meatless protein dubbed the “Cravetarian”, made from chickpeas and peas, to ensure that “no one should have to sacrifice bold flavours for their lifestyle”.

 📊The Philippine Stock Exchange has approved Monde Nissin’s proposed $1.3B IPO. The company owns globally-recognised alternative protein brands Quorn and Cauldron Foods, alongside local brands such as Lucky Me! instant noodles and Monde baked goods.

👨‍💻Bell Flavours & Fragrances has launched an alternative protein platform to provide clean label functional masking solutions to mitigate off notes and improve the taste profiles of plant-based protein products.

 🍔Beyond Meat is launching the latest iteration of its plant-based beef patties into US stores next week, claiming its “meatiest, juiciest’ burger to date, with a nutritional profile comparable to conventional beef. Plus, it’s reportedly planning to launch a plant-based chicken alternative this summer, after pulling its frozen chicken strips from shelves in 2019.

 🧫Singapore Sling: Several firms are establishing a base in Singapore, a key location in Asia for the development of alternative proteins, to take advantage of the city-state’s forward-thinking regulatory framework and other ‘hub’ facilities. Among them, Hong-Kong based cell-cultured seafood firm Avant Meats plans to establish a R&D and pilot manufacturing plant, global food processing company Archer Daniels Midland (ADM) has opened an innovation lab, and food processing solutions giant Bühler has joined forces with Givaudan, the world’s largest flavour and fragrance manufacturer, to open a plant-based protein innovation centre. Maybe it's time we all move to Singapore?

🥩Popular online recipe bank Epicurious has been quietly phasing out beef-based recipes for over a year, and has now announced to readers that it is done with creating new beef-based recipes altogether, in a move that is ‘pro-planet’ rather than ‘anti-beef’.

👩‍🍳Plant-based eating is now so popular that vegan butchers on high streets may be the next logical step, to give consumers access to fresh, high quality meat alternatives which look, taste and cook just like conventional meat.

Big Food🕴

Source: Sam's Club

🍿PepsiCo and Krispy Kreme have joined forces to release limited-edition ready-to-eat, original glazed doughnut-flavoured popcorn, inspired by a panel of Gen Z consumers. Dreams can come true!

⌨️Cargill is investing in Dutch alternative protein startup Bflike to combine its food ingredient solutions with the startup’s recipes and technology and support companies in bringing plant-based products to market quickly and affordably.

✂️Restaurant operator Yum Brands, which operates the likes of Pizza Hut, Taco Bell and KFC, has committed to cut greenhouse gases by 46 percent by 2030 in partnership with its franchisees, suppliers and producers, and achieve net-zero emissions by 2050.

🥄General Mills has launched a new high-protein yoghurt under its ket-friendly Ratio brand, It boasts 25g of protein per serving, and GM claims it is the highest-protein yoghurt available on the market in a single serve cup.

The Digest 💡


♻️ Here's our database of 70+ Food Waste startups working on everything from consumer goods to marketplaces, biotech solutions and more.

 📈 What’s Up: Agrifoodtech companies raised $22.3B in 2020, marking a CAGR of 50% during the last decade. According to data by Finistere Ventures and PitchBook Data, 2020 brought in a third of the amount raised by food tech in the last decade, and meal kits, delivery startups and e-commerce saw the largest proportion of funds.

🥫Some big food firms such as P&G and Coca-Cola are planning to raise prices on their products to combat rising commodity costs, following a year of surging demand, but they’re savvy about doing it in ways which are harder to notice.

📉 What’s Down: California water officials have moved to stop Nestlé from siphoning millions of gallons of water out of drought-hit San Bernadino forest, in order to bottle it and sell under its Arrowhead brand. For years, local environmentalists have accused Nestlé of draining water supplies at the expense of communities and ecosystems.

 💸 Funding: See all 14 rounds here including Tasters $37M round to take on McDonalds, agritech startup Halter securing $29M for its ‘cowgorithm’ technology, Orbillion Bio closing $5M for it's cell-cultured premium meats.

💡Lessons learned on early-stage fundraising from Råhandel, a Rockstart AgriFood portfolio company (sponsored)

🇺🇸 President Joe Biden has signed a new law to declare sesame a major food allergen. The new legislation means that all products that use sesame seeds or their derivatives will have to be explicitly labeled after January 1st 2023. 

🥬 The CEA Food Safety Coalition has announced the first-ever food safety certification program for indoor agriculture. Upon passing inspection via the new Leafy Greens Module, growers can then include a “CEA food-safe” seal on their packaging.

Startups / Investors💡

Source: Mycorena

🏭Mycorena AB and Falkenbergsgruppen AB have announced a joint project to build a large-scale mycoprotein production facility, a first of its kind in Scandinavia.

 🚴‍♀️Indian food delivery startup (and unicorn) Zomato has filed for IPO and plans to raise $1.1B, having been valued at $5.4B in its most recent fundraise round after colossal growth through the past few years.

🥛Israeli food tech Biomilk has become the world’s first publicly-traded cell-cultured milk company, having gone public on the Tel Aviv Stock Exchange earlier this month, and is planning a US IPO on the Nasdaq exchange as its next step.

🧫 Cell-based seafood startup BlueNalu is partnering with Mitsubishi Corporation and global seafood producer Thai Union to accelerate the launch of its cultivated seafood across Asia-Pacific. 

💰DoorDash is announcing new pricing plans for restaurants, its first standardised pricing, in response to caps on delivery fees across several US states. Its basic delivery commission will start as low as 15%, and it will only charge a 6% commission for pickup orders across all its plans.

🧃European bevtech startup Waterdrop is launching its ‘microdrinks’ into the US. These hydrating, sugar-free cubes are made with fruit and plant-based extracts, and dissolve in water, to encourage consumers to up their hydration but minimise single-use plastic.

💡MassChallenge Switzerland has announced the top three startups in its Sustainable Food Systems Challenge, and has chosen Sophie’s Bionutrients, creators of sustainable, microalgae-based protein, as the overall winner.

Alternative Protein 🌱🧫

Source: Taco Bell

🌮 Taco Bell is trialling a new meatless protein dubbed the “Cravetarian”, made from chickpeas and peas, to ensure that “no one should have to sacrifice bold flavours for their lifestyle”.

 📊The Philippine Stock Exchange has approved Monde Nissin’s proposed $1.3B IPO. The company owns globally-recognised alternative protein brands Quorn and Cauldron Foods, alongside local brands such as Lucky Me! instant noodles and Monde baked goods.

👨‍💻Bell Flavours & Fragrances has launched an alternative protein platform to provide clean label functional masking solutions to mitigate off notes and improve the taste profiles of plant-based protein products.

 🍔Beyond Meat is launching the latest iteration of its plant-based beef patties into US stores next week, claiming its “meatiest, juiciest’ burger to date, with a nutritional profile comparable to conventional beef. Plus, it’s reportedly planning to launch a plant-based chicken alternative this summer, after pulling its frozen chicken strips from shelves in 2019.

 🧫Singapore Sling: Several firms are establishing a base in Singapore, a key location in Asia for the development of alternative proteins, to take advantage of the city-state’s forward-thinking regulatory framework and other ‘hub’ facilities. Among them, Hong-Kong based cell-cultured seafood firm Avant Meats plans to establish a R&D and pilot manufacturing plant, global food processing company Archer Daniels Midland (ADM) has opened an innovation lab, and food processing solutions giant Bühler has joined forces with Givaudan, the world’s largest flavour and fragrance manufacturer, to open a plant-based protein innovation centre. Maybe it's time we all move to Singapore?

🥩Popular online recipe bank Epicurious has been quietly phasing out beef-based recipes for over a year, and has now announced to readers that it is done with creating new beef-based recipes altogether, in a move that is ‘pro-planet’ rather than ‘anti-beef’.

👩‍🍳Plant-based eating is now so popular that vegan butchers on high streets may be the next logical step, to give consumers access to fresh, high quality meat alternatives which look, taste and cook just like conventional meat.

Big Food🕴

Source: Sam's Club

🍿PepsiCo and Krispy Kreme have joined forces to release limited-edition ready-to-eat, original glazed doughnut-flavoured popcorn, inspired by a panel of Gen Z consumers. Dreams can come true!

⌨️Cargill is investing in Dutch alternative protein startup Bflike to combine its food ingredient solutions with the startup’s recipes and technology and support companies in bringing plant-based products to market quickly and affordably.

✂️Restaurant operator Yum Brands, which operates the likes of Pizza Hut, Taco Bell and KFC, has committed to cut greenhouse gases by 46 percent by 2030 in partnership with its franchisees, suppliers and producers, and achieve net-zero emissions by 2050.

🥄General Mills has launched a new high-protein yoghurt under its ket-friendly Ratio brand, It boasts 25g of protein per serving, and GM claims it is the highest-protein yoghurt available on the market in a single serve cup.

The Digest 💡


♻️ Here's our database of 70+ Food Waste startups working on everything from consumer goods to marketplaces, biotech solutions and more.

 📈 What’s Up: Agrifoodtech companies raised $22.3B in 2020, marking a CAGR of 50% during the last decade. According to data by Finistere Ventures and PitchBook Data, 2020 brought in a third of the amount raised by food tech in the last decade, and meal kits, delivery startups and e-commerce saw the largest proportion of funds.

🥫Some big food firms such as P&G and Coca-Cola are planning to raise prices on their products to combat rising commodity costs, following a year of surging demand, but they’re savvy about doing it in ways which are harder to notice.

📉 What’s Down: California water officials have moved to stop Nestlé from siphoning millions of gallons of water out of drought-hit San Bernadino forest, in order to bottle it and sell under its Arrowhead brand. For years, local environmentalists have accused Nestlé of draining water supplies at the expense of communities and ecosystems.

 💸 Funding: See all 14 rounds here including Tasters $37M round to take on McDonalds, agritech startup Halter securing $29M for its ‘cowgorithm’ technology, Orbillion Bio closing $5M for it's cell-cultured premium meats.

💡Lessons learned on early-stage fundraising from Råhandel, a Rockstart AgriFood portfolio company (sponsored)

🇺🇸 President Joe Biden has signed a new law to declare sesame a major food allergen. The new legislation means that all products that use sesame seeds or their derivatives will have to be explicitly labeled after January 1st 2023. 

🥬 The CEA Food Safety Coalition has announced the first-ever food safety certification program for indoor agriculture. Upon passing inspection via the new Leafy Greens Module, growers can then include a “CEA food-safe” seal on their packaging.

Startups / Investors💡

Source: Mycorena

🏭Mycorena AB and Falkenbergsgruppen AB have announced a joint project to build a large-scale mycoprotein production facility, a first of its kind in Scandinavia.

 🚴‍♀️Indian food delivery startup (and unicorn) Zomato has filed for IPO and plans to raise $1.1B, having been valued at $5.4B in its most recent fundraise round after colossal growth through the past few years.

🥛Israeli food tech Biomilk has become the world’s first publicly-traded cell-cultured milk company, having gone public on the Tel Aviv Stock Exchange earlier this month, and is planning a US IPO on the Nasdaq exchange as its next step.

🧫 Cell-based seafood startup BlueNalu is partnering with Mitsubishi Corporation and global seafood producer Thai Union to accelerate the launch of its cultivated seafood across Asia-Pacific. 

💰DoorDash is announcing new pricing plans for restaurants, its first standardised pricing, in response to caps on delivery fees across several US states. Its basic delivery commission will start as low as 15%, and it will only charge a 6% commission for pickup orders across all its plans.

🧃European bevtech startup Waterdrop is launching its ‘microdrinks’ into the US. These hydrating, sugar-free cubes are made with fruit and plant-based extracts, and dissolve in water, to encourage consumers to up their hydration but minimise single-use plastic.

💡MassChallenge Switzerland has announced the top three startups in its Sustainable Food Systems Challenge, and has chosen Sophie’s Bionutrients, creators of sustainable, microalgae-based protein, as the overall winner.

Alternative Protein 🌱🧫

Source: Taco Bell

🌮 Taco Bell is trialling a new meatless protein dubbed the “Cravetarian”, made from chickpeas and peas, to ensure that “no one should have to sacrifice bold flavours for their lifestyle”.

 📊The Philippine Stock Exchange has approved Monde Nissin’s proposed $1.3B IPO. The company owns globally-recognised alternative protein brands Quorn and Cauldron Foods, alongside local brands such as Lucky Me! instant noodles and Monde baked goods.

👨‍💻Bell Flavours & Fragrances has launched an alternative protein platform to provide clean label functional masking solutions to mitigate off notes and improve the taste profiles of plant-based protein products.

 🍔Beyond Meat is launching the latest iteration of its plant-based beef patties into US stores next week, claiming its “meatiest, juiciest’ burger to date, with a nutritional profile comparable to conventional beef. Plus, it’s reportedly planning to launch a plant-based chicken alternative this summer, after pulling its frozen chicken strips from shelves in 2019.

 🧫Singapore Sling: Several firms are establishing a base in Singapore, a key location in Asia for the development of alternative proteins, to take advantage of the city-state’s forward-thinking regulatory framework and other ‘hub’ facilities. Among them, Hong-Kong based cell-cultured seafood firm Avant Meats plans to establish a R&D and pilot manufacturing plant, global food processing company Archer Daniels Midland (ADM) has opened an innovation lab, and food processing solutions giant Bühler has joined forces with Givaudan, the world’s largest flavour and fragrance manufacturer, to open a plant-based protein innovation centre. Maybe it's time we all move to Singapore?

🥩Popular online recipe bank Epicurious has been quietly phasing out beef-based recipes for over a year, and has now announced to readers that it is done with creating new beef-based recipes altogether, in a move that is ‘pro-planet’ rather than ‘anti-beef’.

👩‍🍳Plant-based eating is now so popular that vegan butchers on high streets may be the next logical step, to give consumers access to fresh, high quality meat alternatives which look, taste and cook just like conventional meat.

Big Food🕴

Source: Sam's Club

🍿PepsiCo and Krispy Kreme have joined forces to release limited-edition ready-to-eat, original glazed doughnut-flavoured popcorn, inspired by a panel of Gen Z consumers. Dreams can come true!

⌨️Cargill is investing in Dutch alternative protein startup Bflike to combine its food ingredient solutions with the startup’s recipes and technology and support companies in bringing plant-based products to market quickly and affordably.

✂️Restaurant operator Yum Brands, which operates the likes of Pizza Hut, Taco Bell and KFC, has committed to cut greenhouse gases by 46 percent by 2030 in partnership with its franchisees, suppliers and producers, and achieve net-zero emissions by 2050.

🥄General Mills has launched a new high-protein yoghurt under its ket-friendly Ratio brand, It boasts 25g of protein per serving, and GM claims it is the highest-protein yoghurt available on the market in a single serve cup.

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