ClearCOGS has raised a $3.8M seed round to fuel its AI-powered forecasting engine, helping restaurants like Jimmy John's and goop Kitchen reduce waste and optimize operations. The round was led by Closed Loop Partners’ Venture Group with participation from Myriad Venture Partners and Level Up Ventures. Founders Matt Wampler and Osayanmo Osarenkhoe aim to make accurate, real-time decisions the industry standard. Orit Naomi | Restaurant Technology News https://lnkd.in/e5zS9rmT #FoodTech
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We cover everything important across Food Technology. Whether you're interested in the newest Fundraise, latest Trends, most innovative Companies, or the People that drive our industry, we make sure you stay up to date on it all.
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Blackbird Labs has raised $50M to bring its blockchain-based payment and loyalty app deeper into the restaurant ecosystem. Led by Spark Capital with backing from Coinbase Ventures, Amex Ventures, and Andreessen Horowitz, the round supports the launch of Blackbird Club and expansion beyond its current markets. CEO Ben Leventhal and a16z GP Arianna Simpson shared insights on how blockchain may reshape restaurant economics. Ingrid Lunden | TechCrunch https://lnkd.in/gThAmPDj #Crypto #Cryptocurrencies #Cryptocurrency #Blockchain
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Cook-to-order delivery startup Sizl has raised $3.5M in seed funding to grow its Eastern European-focused ghost kitchen model. The round was led by Yellow Rocks! with participation from Kinetik and angel investor Mike Alexandrovski, co-founder of Borzo. Sizl, founded by Anastasia Kalinkina, Alex Kolesnikov, Nick Delitski, and Kyrylo Kupin, plans to expand operations across Chicago and explore growth into other U.S. markets. Lauren Forristal | TechCrunch https://lnkd.in/dDyBuZrB #FoodTech
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Hi Auto has raised $15M in Series A funding to expand its conversational AI for quick-service restaurant drive-thrus, tackling labor shortages and driving revenue through dynamic upselling. Investors include Delek Motors Ltd., Zisapel Family, Vasuki Global Tech Fund, and others. CEO and co-founder Roy Baharav highlights how their voice AI delivers consistent accuracy and higher profitability for QSR brands worldwide. https://lnkd.in/ecdyawYS #FoodTech
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LA-based waste reduction startup Topanga has secured $8M in Series A funding. The round was led by Blue Bear Capital, with participation from Struck Capital, Amasia, and Wonder Ventures. Richard Collings | Axios https://lnkd.in/eQeVUeJv #FoodTech
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Pizza Wings has secured $2.8 million in a follow-up funding round to drive its national expansion. Investors include Gruhas , the investment arm of Nikhil Kamath and Abhijeet Pai, along with udaan.com co-founder sujeet Kumar singh. With this new round, Pizza Wings aims to scale its footprint to 100 outlets by the end of 2025 and expand further into Tier 2 and Tier 3 cities. CEO aditya dhanda highlighted the brand's commitment to fresh ingredients and a tech-driven delivery infrastructure. IndianRetailer.com https://lnkd.in/gYNbu4MK #FoodTech
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Brevel has expanded its Seed round to $25 million, securing an additional $5 million to advance its microalgae-based protein production for food and beverage applications. Existing investors, including NevaTeam Partners, Siddhi Capital, the European Union’s EIC IMPACT TRUST - EIC IMPACT FUND (Eastern Investment Centers), Good Protein Fund, theFoodTechLab (TFTL), and PVS Investments, exercised their warrants in support of Brevel’s mission. Co-founder and CEO Yonatan Golan emphasized the company’s commitment to developing nutritious, affordable, and sustainable protein solutions. James Spiro | CTech by Calcalist https://lnkd.in/eAWXN8sH #FoodTech
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Savor, backed by Bill Gates' , has officially launched its dairy-and-plant-free butter alternative, made from carbon. The startup aims to replace animal fats and palm oil while working with major CPG companies on ingredient innovation. CEO Kathleen C. Alexander highlighted the company's potential to improve food sustainability, emphasizing scalability and cost parity. Sarah Zimmerman | FoodDive https://lnkd.in/eDizkVwU #FoodTech
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The foodtech sector continues to evolve despite a challenging market, with a 9.6% increase in deal values in 2024. Restaurant & retail tech was a standout segment, with Wonder Group and Rebel Foods leading investments in ghost kitchens. Meanwhile, Swiggy and Ibotta’s major IPOs signal growing opportunities for foodtech startups. PitchBook https://lnkd.in/ekw23br8 #FoodTech
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UK agritech startup Elaniti has secured funding to accelerate its AI-powered soil microbiome intelligence platform. Investors in the round include Biotope by VIB, Planetary Impact Ventures, and Paulig Group’s CVC arm, PINC. Scott Jarrett, CEO of Elaniti, emphasized the potential of soil microbiomes in restoring fertility and reducing reliance on synthetic inputs. Global Ag Tech Initiative https://lnkd.in/eeiSNcRg #FoodTech