In a recent post, I talked about our focus on Digital Brands. Food, drink, and new ingredients certainly are part consumer goods and digital brands. But this area is unique enough to deserve its own explanation. That’s because food and drink are not only digital products, but also new expressions of the emerging science of health […]
FoodTech
TCG Buys Majority Stake in Food52 Valuing it at Over $100M
Food52, the content and commerce destination for those interested in cooking and food that has an active community of over 16M, has been acquired by TCG Capital Management, an affiliate of The Chernin Group, the media holding company founded by broadcast executive Peter Chernin in 2009. The exact terms of the transaction were not disclosed […]
Magic Spoon Raises $5.5M for its D2C Cereal for Adults
Remember waking up on Saturdays when you were a kid and having a big bowl of sugary cereal while watching cartoons? For most of us, adulthood and our waistlines do not offer us the liberty to eat like any longer. But Magic Spoon is the fun-loving cereal direct-to-consumer brand for adults that reinvents childhood classics with […]
Pattern Brands Raises $14M to Create Products that Help You Enjoy Daily Life
The average person spends over four hours on their device. In the past year, there have been several calls to action to reduce the addictive effects of technology, including Senator Josh Hawley’s bill proposing to ban the addictive features of social media like “autoplay” and “infinite scrolling”. Pattern is offering an alternative solution by creating […]
Good Uncle Gobbled Up by Aramark
Good Uncle, the on-demand food delivery service serving college campuses, has been acquired by food service titan Aramark. The terms of the transaction were not disclosed. “Good Uncle strengthens our ability to offer quality and convenience through services that allow our college consumers to order restaurant-quality food and have it delivered when and where they […]
Modern Picnic is the Chic Alternative to Lunch Boxes for Women
No matter how old you are, it seems no one can truly outgrow the lunchbox, and Modern Picnic is the contemporary lunch bag for sophisticated women who care equally about the food inside as they do about the aesthetic and style of the accessory holding it. The company’s line of lunch bags is made with […]
Where We Are Investing Now: Food and Drink
As funds that focus on health and happiness (Social Starts) and delightful moments (Joyance Partners), we see food and drink as fundamental. After all, health starts with food, not only in terms of survival and nutrition but increasingly as an active mediator of biological or microbiome processes that underpin proper body operation. And, food and […]
kencko Raises $3.4M to Ensure You Get Your Daily Vegetable and Fruit Intake
You’re supposed to have a 5-a-day fruit and veggie intake according to various national campaigns and the World Health Organization. However, according to the CDC, only 1/10 adults are achieving this guideline. kencko want to change this. The company, launched in 2016, offers pre-mixed drink packets comprised of 100% organic fruits and vegetables that do […]
Noom Raises Another $58M To Redefine Your Relationship with Food Based on Psychology
Many people tend to turn to various figures – celebrities, influencers, bodybuilders – for answers about food and how to live a healthy lifestyle, but you can’t look at others to understand your personal relationship with food. Noom helps people live a healthier lifestyle through its interdisciplinary, psychology-based program that is rooted in Cognitive Behavioral […]
American Express is Acquiring Restaurant Reservation Platform Resy
Restaurant reservation and management platform Resy, which calls itself the largest private reservation service in the US, is being acquired by American Express. Terms of the transaction were not disclosed. “American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy […]
This NYC Startup Has Built the Perfect Espresso Machine for Everyone On The Go
A great morning routine often involves a warm, comforting cup of coffee; however, when you’re in a rush and have to be at work early, sometimes you end up sacrificing quality for convenience. Terra Kaffe is the latest direct-to-consumer coffee brand that’s looking to give New Yorkers peace of mind before they start their day […]