food
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FarmLogs raises $22 million to make agriculture a more predictable business
Ann Arbor, Michigan-based FarmLogs has raised $22 million in a Series C round of funding for technology that helps farmers monitor and measure their crops, predict profits, manage risks from weather and pests and more. Naspers Ventures led the round, joined by the company’s earlier backers Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel and individual… Read More
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Online grocery GrubMarket breaks even, and wants to go public in 2018
Despite the copious amounts of venture funding that have flowed to them in recent years, food tech startups haven’t had an easy time of it especially in the food delivery game. Since 2015, GoodEggs, Zesty and Munchery have shuffled their executive decks, meal kit delivery darlings Blue Apron struggled with worker safety, and logistics providers Postmates struggled to lock in a new… Read More
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Sprig adds tips and equity to keep meal deliverers loyal
Some Sprig customers might be bitter about getting guilt-tripped into tipping, but at least the startup is being sweet to its on-demand food servers. TechCrunch spotted that Sprig added a tipping feature to its freshly made meal-delivery app this week. Now Sprig has confirmed this is part of a wide-range of not-yet-announced perks for its servers, including a $1/hour wage increase, to $14.50,… Read More
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SmartyPans tracks your meal’s nutrition as you cook it
As you can probably guess from the company’s name, SmartyPans is building a smart frying pan — which it just demonstrated onstage at TechCrunch’s Hardware Battlefield at CES.
As explained to me by CTO Rahul Baxi (he co-founded the company with his sister Prachi Baxi, a nutritionist), SmartyPans aims to make it easier for users to track nutrition and recipe… Read More
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SOSV, “the accelerator VC,” closes third fund at $150 million
Since the advent of accelerators, venture capitalists have competed to lock in deals with the best startups in a given batch. Entrepreneur turned investor Sean O’ Sullivan thought it would be better to develop a venture firm that owned and ran its own accelerators. Today that firm, SOSV, has closed its third fund at $150 million to back startups that are admitted to and have graduated… Read More
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Uber losses expected to hit $3 billion in 2016 despite revenue growth
Uber’s losses are growing from $2.2 billion last year to an expected $3 billion this year, according to multiple reports this week from The Information and others. It’s hard to fathom Uber operating so far from profitability at a time when it feels like an established mainstream brand on the global stage. Hip hop stars like Drake or Wiz Khalifa commonly name check… Read More
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2016 isn’t done yet as Soylent powder goes back on sale
It’s nearing the end of the year, but 2016 isn’t finished with us yet: Soylent powder has gone back on sale. Munchery tries to win over commuters with a pop-up shop in San Francisco
Food delivery startup Munchery is trying its hand at brick-and-mortar sales, opening a pop-up shop in San Francisco that we spotted this week. In the competitive and cluttered market for online food delivery, Munchery is distinct in that it sells chef-prepared meals that just need to be heated, or meal kits with recipes and pre-measured ingredients to its members and other customers.… Read More
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Bill Gates, Jeff Bezos and 18 others commit $1 billion to new cleantech fund, Breakthrough Energy Ventures
Bill Gates, Jeff Bezos, Vinod Khosla, Jack Ma, John Doerr and 15 other high-profile investors have formed a new venture firm, Breakthrough Energy Ventures, that will pour at least $1 billion into cleantech companies over the next 20 years. The firm’s goal, according to its own website, will be: “to provide everyone in the world with access to reliable, affordable power, food,… Read More
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Tyson Foods launches new venture fund to back food and agriculture startups
Tyson Foods Inc., one of the world’s largest makers and marketers of meat products, has announced the formation of a $150 million venture capital fund to back food and agriculture startups.
According to Tyson’s Executive Vice President of Strategy and New Ventures, Monica McGurk, the fund will seek to invest in startups solving problems around food production, distribution… Read More
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