Investment

Frozen waffle company Evergreen reported a $15.2 million investment with new board members from Melitas Ventures and Critical Mass Group.

From multimillion-dollar valuations to sudden shutdowns, the stories that resonated most with Nosh readers this year reveal just how dynamic the packaged food landscape has become. Our coverage spanned dramatic downfalls, blockbuster acquisitions, and legal battles that left founders, lenders and consumers in limbo. Here’s a look back at the 10 stories that captured the most attention.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporters Brad Avery and Lukas Southard reflect on the top stories of the year, including the rising influence of the Make America Healthy Again movement on the food and beverage industry, the biggest merger moments, and notable highlights of hemp’s uncertain future.

In 2025, food companies, both big and small, restructured and acquired new brands to stay competitive amid a reframing of priorities.

At Nosh Live 2025, Brian Bernstein of Rich Products Ventures and Axel Malbrain of FF2032 – both backed by large, established food companies – outlined how their funds operate with a financial-return-first mindset, despite common assumptions about corporate venture capital.

With a fresh $4 million, Hoboken Farms is building a veteran team of Italian food operators to help guide it deeper in retail grocery.

Righteous Felon prepares for its next phase of growth as the strategic partnership with GroundForce Capital takes effect.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss a spate of funding news for a hot sauce brand, a hummus startup and a functional beverage company. The hosts also chat about what an executive order to reschedule cannabis could mean for the hemp drink market.

This year will go down in the history books as one marked by an unprecedented federal focus on the food industry, sparking strategic overhauls of, and a bit of panic within, Big Food operations; a flurry of state-level action against a plethora of synthetic ingredients; and the adoption of some new acronyms – UPFs and MAHA, just to name a few.

Backed by a new investment partner, Laird Superfood has big plans for expansion. The Colorado-based brand is working with Nexus Capital to build a superfood platform.