Food Industry News, Insights, and Education for the CPG Community

Food tech ingredient platform The EVERY Company, formerly Santa Clara Foods, announced this week it has closed a $175 million Series C capital round co-led by McWin and existing investor, Rage Capital. Temasek, Grosvenor’s Wheatsheaf Group, TO Ventures and Prosus Ventures also participated.

Over the course of the pandemic retailers and food delivery services continuously invested in delivery platform innovations, creating an expedited process of grocery shopping with virtually no contact. However, as lockdowns begin to lift, innovation hasn’t slowed and consumers have now become accustomed to this efficiency, prompting retailers to find creative ways to bring the store to them, almost instantly.

Non-dairy ice cream brand NadaMoo! announced today it had raised roughly $10 million in funding aimed at helping the sixteen year-old company expand its distribution.

Superfood snack maker LiveKuna announced today it closed a Series A funding round led by global bakery company Grupo Bimbo with participation from SOSV and AMADEO. LiveKuna said it will use the funds to support distribution expansion throughout the U.S., Canada and Mexico and to continue growing its team across North America.

Natural food companies convened for day two of NOSH Live Winter 2021 today in Santa Monica to discuss how brands can position themselves for success with regards to the current state of the industry including continued supply chain constraints, shifting consumer interests and a dynamic landscape for brand building.

Coconut spread maker Kokada was crowned champion at NOSH Live Pitch Slam 11, walking away with the title after impressing the judges with its allergen-friendly alternative to nut butters.

Members of the U.S. House of Representatives have introduced a new bipartisan bill aimed at establishing federal standards for CBD food and beverage products. On Thursday, U.S. Representatives Kathleen Rice (New York), Morgan Griffith (Virginia), Angie Craig (Minnesota) and Dan Crenshaw (Texas) put forward the CBD Product Safety and Standardization Act, which, if passed, would… Read more »

Natural food leaders converged today in Santa Monica during day one of NOSH Live Winter 2021 to discuss the state of the industry after an evolutionary year of changing trends and consumer shopping habits.

Six startup food brands crossing category lines from spiced sweets to standout savory snacks have advanced to the final round of NOSH Pitch Slam 11 following this morning’s semifinal round in the competition, presented by 301INC, the venture capital arm of General Mills.

Each year, NOSH’s annual Best Of awards honors companies, brands, individuals, products, ideas and trends from across the dynamic and ever-changing natural food landscape.

In this distribution roundup, KOS launches at CVS and Walmart; three flavors of Eclipse Foods’ ice cream hit Whole Foods; Kate’s Real Food debuts its energy bars at H-E-B; and LikeMeat’s newest plant-based chicken innovation rolls out at Sprouts.

Food companies debuted a range of new better-for-you products in both the sweet and savory snacking categories this month, including the arrival of some newcomers such as Days Off and BodyBar. Additionally, the international aisle saw plenty of innovation with new Indian spice blend packs from moji masala and a Yuzu-flavored Japanese barbecue sauce from Bachan’s.

We have a cure for your FOMO. For those of you who can’t make it to NOSH Live Winter 2021 this week in Santa Monica, we will be livestreaming the main stage presentations and Livestream Studio interviews this Thursday, Dec. 2nd and Friday, Dec. 3. The Livestream will be presented by Mondelēz International SnackFutures.

Plant-based bacon maker Hooray Foods announced today it has closed a $2.7 million seed extension round, bringing the company’s total capital raised to over $4 billion. The round was led by new and existing investors including David Hoffmann, the former CEO of Dunkin’, Lyra Growth Partners, Evolution VC Partners, Gaingels and Sand Hill Angels.