News

The Kraft Heinz Company lowered its full-year outlook after reporting lower-than-expected Q2 earnings yesterday, citing “cautious” consumer sentiment on grocery prices amidst downtrading across center-store categories.

The latest episode of Elevator Talk features leaders from Globowl, Cien Chiles, Lottie’s Meats, Darë Vegan Cheese and Laoban. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. Our special co-host is Brandon Partridge, a principal with 202 Consumer Ventures, who shared his thoughts, questions and feedback with the participants.

What brings this diverse slate of industry players together? They’re just a few of the names in this year’s esteemed class of 2024 Nosh Notables, our annual list of people who are eminently worth knowing within the dynamic, interconnected food business ecosystem.

Also in this edition: Oats Overnight soaks up $35 million, Siddhi closes on $135 million Fund II, details from Sprouts’ earnings and how Above Food is building on regenerative ingredients.

Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage.

Oats Overnight announced today it has raised $35 million in a Series B funding round intended to help the high-protein oats brand continue to expand its manufacturing capabilities and grow its footprint in retail stores.

Regenerative ingredient platform company Above Food marked its first month trading on the Nasdaq with an update and overview last week highlighting that the overall business has grown at a CAGR of 34% since fiscal 2021.

Shelf-stable baby and toddler food brand Serenity Kids has expanded its distribution footprint with the addition of 2,000 Albertsons locations nationwide.

Dutch cultured meat maker Meatable announced its a appointed beef industry executive as its CEO to lead the food tech outfit into a role partnering with established meat companies.

In this week’s new products roundup, Ready. Set. Food! teams up with beloved children’s TV character Daniel Tiger to launch a line of puree pouches, Juice Generation makes its first foray into the gelato category and Bubbies unveils a TEA-riffic new flavor.