Plant-based venture firm PowerPlant Ventures announced yesterday the close of its second fund. At over three times the size of its predecessor, Fund II, which closed at $165 million, will allow the company to further refine its deal structure, according to co-founder and partner Mark Rampolla.
In 2018 Paul Coletta, the CEO of ultra-fresh food and beverage producer Urban Remedy, told NOSH that he would take the company into new markets beyond California -- despite the risks and difficulty in doing so. Now, nearly a year to the day, it appears Coletta is following through on that promise.
You can order a personalized license plate with just a few clicks online, so why can’t you personalize your nutrition needs? That’s the question Hippeas creator Livio Bisterzo and Dan Obegi, former chief digital officer of GNC and CEO of dermstore.com, both wondered.
Oatly is ready to offer shoppers more than just milk, general manager Mike Messersmith told NOSH. Over the next two months the oat milk company will launch a line of ice cream into several national retailers. In 2020 the company will also bring online its largest facility to-date and double its current manufacturing capacity.
While Activia may not be a brand that resonates with younger shoppers, General Mills believes its message of digestive health does. That’s why the corporation is deepening its strategic partnership with natural brand GoodBelly Probiotics by launching a line of lactose-free yogurts and cereal this week.
Farmhouse Culture has gone back to basics in order to grow. Over the past eight months new CEO Scott Lerner has revamped the fermented food business — including a new look, new headquarters, and a shift away from in-house production — in an attempt to move beyond its natural channel roots.
With the test of two new snack lines, Dirt Kitchen and CaPao, Mondelez's venture arm SnackFutures is dipping its toes into some of the most current entrepreneurial go-to market strategies.
Having already backed brands making everything from pancakes to popcorn, Boulder Food Group (BFG) is ready to deepen its roots investing in the next generation of emerging consumer brands. The investment group announced today the close of its second fund, at roughly $100 million.
Over the past two months, investment group and incubator Sonoma Brands has seen changes to its operating team including the addition of two managing directors. Founder Jon Sebastiani told NOSH the additions are reflective of how the firm has evolved since its inception.
The former members of shared kitchen space Pilotworks were dealt another blow this week as Nursery, the incubator set to reopen in the space, ultimately decided to not move forward with its plans.
Adam Melonas, CEO of innovation lab Chew, announced his intention this week to take over the kitchen space and offices of Pilotworks’ former Brooklyn location. The new venture, known as Nursery, will serve as an incubator for emerging brands.
Vietnamese-inspired coffee brand Copper Cow Coffee today announced the close of a $2 million round of funding today. The round was led by Silverton Partners, which contributed half of the capital, with CRCM Ventures, Montage Ventures and Social Starts also taking part.
A2, which produces animal-free dairy products, announced last week a partnership with global ingredient firm ADM that aims to demonstrate the market potential of its technology through the launch of a milk-free whey protein.
The soda and snack giant’s food and beverage accelerator, already launched in Europe, yesterday announced the nine brands to join the program’s inaugural North American class.
