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Food and beverage industry news.
Kuli Kuli Raises $5M, Will Launch Supplier Arm for Moringa
Moringa-based food and beverage brand Kuli Kuli announced yesterday it has raised $5 million in a Series B round co-led by product development company Griffith Foods and previous investor eighteen94 capital, the venture capital arm of the Kellogg Company.
After Year of Growth, Beanfields Closes Series B Round
Beanfields has had a busy two years. In that time, the vegan chip company was acquired by PowerPlant Ventures and a coalition of investors in April 2017, rebranded, and seen CPG veteran Mark Rampolla both become CEO and then subsequently step down in place of Arnulfo Ventura in July 2018. Now, after a period of strong growth, the brand is announcing the close of its series B round of funding.
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Elevator Talk: Soñar Aims to Empower Latino Community with Mission-Based Snack Brand
Maria Garcia Brennan and Pete Brennan are the co-founders of Soñar Foods, a company that’s developed a line of grain-free tortilla chips. The company utilizes organic ingredients like garbanzo beans and chia seeds to create a nutritional snack packed with plant-based protein and fiber.
BFG Closes Fund II to Back Emerging CPG Brands
Having already backed brands making everything from pancakes to popcorn, Boulder Food Group (BFG) is ready to deepen its roots investing in the next generation of emerging consumer brands. The investment group announced today the close of its second fund.
Good Culture Raises $8M, Launches into New Category
Although plant-based products may be on an upswing, there’s still room for dairy. To support its growth, today cultured dairy brand Good Culture announced the close of an $8 million investment round. Previous investors CAVU Venture Partners and 301 Inc, the venture arm of General Mills’ led the round with Almanac Insights also taking part.
Real Food From the Ground Up to Expand Vegetable-Based Snack Offerings
Having conquered rice and pizza, cauliflower is coming for the snack aisle. Vegetable-based snack brand Real From the Ground Up (RFFTGU) announced today that it will expand beyond its current lineup of pretzels and cheese crackers, adding eight new products to fill other snacking occasions and reach new demographics.
Bonafide Launches Keto Broth Cups and Rebrand
After having to make the hard choice to discontinue its Drinkable Veggies beverage line last year, today Bonafide Provisions announced the launch of a line of Keto Broth Cups, which are frozen, heat-and-drink cups of bone broth and MCT oil. The cups come as the company also unveils a new rebrand.
Taste Radio Insider Ep. 22: Plant-Based Brands Are Changing The Food Industry Faster Than You Think
In this episode, we spoke with Michele Simon, the founder and executive director of the Plant Based Food Association, about the changing landscape for plant-based foods.
Beyond Meat, Back to the Roots Announce New Investors
Plant-based protein company Beyond Meat and cereal and gardening company Back to the Roots both announced new investors this week.
Elevator Talk: Nomad Eats Creates Plant-Based Cheese Sauces Coined “Liquid Gold”
Jasmine Singh is the co-founder of Nomad Eats, a company that is focused on creating plant-based whole food products that taste like “liquid gold”. The brand has developed vegan nacho and mac and cheese sauces aimed to change consumers’ minds about how healthy vegan products taste.