Carol Ortenberg

Posts by Carol Ortenberg

Thrive Creators Build Mission With Venture Arm & Alliance

In the past month, the three co-founders of retailer Thrive Market have announced two platforms to improve the food system and the planet. After launching Thrive Market Ventures (TMV), an investment vehicle for better-for-you brands, earlier this month, the trio announced last week the creation of a philanthropic community called Alliance for Good (AFG).

Bonafide Beefs Up Offerings & Brand

Yesterday, bone broth company Bonafide Provisions unveiled a new brand identity, including a rebrand of its bone broth and “drinkable veggies” lines, and a new line of frozen soups.

Almanac Launches Fund for Scalable & Sustainable Businesses

Today, David Barber, co-owner of restaurants Blue Hill and Blue Hill at Stone Barns, announced the launch of Almanac Investments, a $30 million fund for agriculture and hospitality technology, CPG, and experiential retail companies.

Urban Remedy Raises $17M for Fresh-Focused Platform

Today, “ultra-fresh” food and beverage producer Urban Remedy announced it had closed a $17 million round of capital, with General Mills' venture arm, 301 INC, leading the round.

Former WFM Co-CEO: HeatGenie Makes Customer ‘Center of World’

In bringing on an experienced team of industry experts as advisors and, in some cases, investors, technology company HeatGenie -- which produces small heaters that can be used to warm food or beverage products -- is betting that they’ve found just that.

CircleUp Closes $125M Fund Powered by Machine Learning

CircleUp is hitching its growth fund to Helio. The online fundraising platform today announced the launch of a $125 million venture capital fund that will incorporate the proprietary machine learning platform as a tool to help guide investment in early-stage consumer and retail companies.

Kerry Group Grabs Ganeden

At a presentation to investors yesterday, Kerry Group CEO Edmond Scalon announced that the Irish global nutrition and food conglomerate had acquired Ganeden, an ingredient company focused primarily on gut health and probiotics.

VMG Closes New $550M Fund to Invest In Entrepreneurial Brands

This week private equity investment group VMG Partners announced the close of its fourth fund at $550 million, with another $150 million available in a flex-up vehicle. The capital, said VMG Managing Director Wayne Wu, will be invested in emerging, lower middle market companies producing consumable branded goods.

Matt Jimenez Departs Whole Foods

Today in a letter to suppliers, Matt Jimenez, global senior category manager for grocery at Whole Foods Market, announced his departure. Jimenez’s last day will be tomorrow, and he said he will take a few weeks off before “launching his next venture.”

Key Takeaways From Whole Foods’ Dialogue with Employees

Following the Friday announcement that e-commerce pioneer Amazon would be purchasing natural products retailer Whole Foods Market, there has been rampant discussion over what the merger means for the retailer and industry. In communications to team members, both through email and a “town hall meeting” at Whole Foods headquarters, some information has come to light.

In-Depth: Why Amazon Scooped Up Whole Foods

In a deal that’s shaking the shopping experience for consumers, retailers, and food and beverage companies, Amazon’s scooping up of Whole Foods for $13.7 billion on Friday has hardened talk of large-scale disruption in the way consumers buy their groceries.

Chuck Muth, Former Coke Exec, Moves from Bevs to Burgers

Longtime bottling and sales executive Chuck Muth announced his retirement from Coke in 2016, but apparently he couldn’t retire from Seth Goldman, his former boss at Honest Tea. The two are reuniting, this time around Beyond Meat, the plant-based protein brand where Goldman serves as executive chairman.