News

Beverage veteran Lance Collins is ready to disrupt the cooler yet again — this time from a different angle, the fresh nutrition bar set. The founder of beverage brands BodyArmor, Fuze and CORE Nutrition announced today the launch of his newest CPG venture, Core Foods, which will launch its first product, Core Bar, at Natural Products Expo West.

U.S. Food and Drug Administration (FDA) commissioner Scott Gottlieb resigned today, effective next month. According to The Washington Post, the move was unexpected. Gottlieb was reportedly well-liked in the government, but told officials he wanted to spend more time with his family.

If you’ve got a big megaphone, why not use it to inspire change? That’s what John Foraker and Jennifer Garner — co-founders of baby and toddler food brand Once Upon a Farm — plan to do. The company announced today a new line of Once Upon a Farm (OUAF) baby food purees that meet the guidelines for the Supplemental Nutrition Program for Women, Infants, and Children (WIC).

Dubbed the “Costco for millennials,” online retailer Boxed has made waves since its debut in 2013. In this episode, co-founder/CEO Chieh Huang spoke about the rapid growth of the company, how it curates its product assortment and why user experience has been central to its success.

RightRice has a new partner in its mission to to revolutionize an age-old center store category. The brand, which offers consumers a substitute for rice, today announced a $5.5 million investment led by Strand Equity, as well as some high profile social “capital.”

Chicago Bar Company, makers of RXBAR, announced today it will rebrand as Insurgent Brands, expand its product mix under the RX brand and launch a new “contrarian” sub brand. All of which will move forward under new leadership. Co-founder Peter Rahal told NOSH that the new product follows the RX strategy. “I’ve always taken a contrarian point of view to everyone else. RX was very contrarian. It didn’t fit with anyone else.”

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.

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.

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.

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.