Innovation

Holding company and incubator Redbud Brands announced yesterday it has raised $46 million to create, fund and scale its portfolio of consumer businesses.

On this month’s Market Share, we’ll hear from Amplify chief commercial officer Kyle Banahan about how having a unified voice and a singular goal is helping the snack-centered group move forward more efficiently and propelling it’s parent company Hershey deeper into snacking.

Food tech platform Voyage Foods closed a $36 million funding round last week that will help bring its full slate of innovations – including peanut-free peanut butter, cacao-free chocolate and coffee-free coffee – to consumers by the end of the year.

Food and beverage company Tomorrow Farms announced today the closing of $8.5 million in funding aimed at supporting its first product launch this summer and attracting ingredient companies with which it can partner to bring its technologies to market.

Aiming to make single use cans and bottles a thing of the past, former “trend spotter” Max Luthy and event producer-turned-beverage entrepreneur Luke Montgomery-Smith have launched Plink!, a vintage-inspired brand of beverage tablets.

Direct-to-consumer frozen food brand Daily Harvest last week announced the launch of Crumbles, a line of meat alternatives that takes the brand further out of its initial product portfolio of cook-and-eat meals and smoothies.

Plant-based food and beverage maker Laird Superfood introduced a new format to its portfolio with the goal of giving consumers a plastic-free approach to single-serve functional coffee. Today, the company announced the launch of Bright Cups, a proprietary Keurig-compatible pod format made from BPI-certified compostable materials and filled with Laird’s Focus Mushroom Coffee.

Nearly a year after being formally separated from Dean Foods, plant-based food and beverage company Good Karma is beginning a new chapter. The Colorado-based company announced today a brand refresh accompanied by the launch of a new line of refrigerated plant-based milks and a direct-to-consumer ecommerce platform.

After leaving its imprint in the pizza category, Caulipower is looking to grab cauliflower-curious consumers of another favorite food type: pasta. It’s the first salvo in what the company’s CEO said will be a year of innovation.

Sausage and hot dog brand Teton Waters Ranch (TWR) is in the business of beef. So it’s a bit of an anomaly that the company’s latest innovation aims to inspire its consumers to eat less of its core product.