Lawmakers Aim to Ban Cultivated Meat, Food Delivery Startup Wonder Raises $700M + More 
Food+Tech Connect
by Phoebe Tran
21h ago
Image Credit: Green Queen Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Lawmakers across various states are increasingly pushing to ban cultivated meat, citing concerns about its impact on traditional livestock farming. This move, primarily championed by right-wing legislators from states like Arizona to Florida, seeks to restrict the sale of protein cultivated from animal cells. Meanwhile, Marc Lore’s food delivery startup Wonder secures a $700 millio ..read more
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Jeff Bezos Bets $60M on Alt Meats, Oprah Rebrands Obesity + More
Food + Tech Connect
by Phoebe Tran
6d ago
Image Credit: Fast Company Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In recent news, Jeff Bezos has committed $60 million through the Bezos Earth Fund to advance research in alternative meat production, aiming to enhance both affordability and nutritional value within the industry. Meanwhile, Oprah Winfrey’s collaboration with Ozempic in a weight-loss special signifies a significant shift in the narrative surrounding obesity, presenting it as a dis ..read more
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Agrifoodtech Startup Investment Drops 50%, Ron Desantis and Florida Turn on Cultivated Meat + More
Food + Tech Connect
by Phoebe Tran
1w ago
Image Credit: AgFunder News Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Agrifoodtech startups faced a significant setback in 2023 as their investment share plummeted by 50%, comprising only 5.5% of global venture capital funds, down from 6.7% in 2022 and 7.6% in 2021. Meanwhile, in a notable shift, the ‘anti-woke’ agenda in Florida, spearheaded by Governor Ron DeSantis and the state legislature, has taken aim at cultivated meat. As reported by Fast C ..read more
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Cultivated Meat Funding Dropped 78% in 2023, Obesity Drug Arms Race + More
Food + Tech Connect
by Phoebe Tran
1M ago
Image Credit: New York Times Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In 2023, the cultivated meat industry faced a significant setback as preliminary Agfunder data revealed a staggering 78% decline in funding for startups within this sector. The funding trajectory tells a compelling story, with a peak of $989 million in 2021, a slight dip to $807 million in 2022, and a sharp drop to a mere $177 million in 2023. Investors attribute this decline to ..read more
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Legislation Aims to Ban Cultivated Meat from School Lunches, Indian Government to Develop Cultivated Fish + More
Food + Tech Connect
by Phoebe Tran
1M ago
Image Credit: New York Times Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. The proposed School Lunch Integrity Act of 2024 seeks to ban cultivated meat from school lunches, introducing restrictions under the National School Lunch Program and the School Breakfast Program. Meanwhile, the Indian Government is forging ahead with a groundbreaking partnership with Neat Meatt to pioneer the development of cell-cultured varieties of high-value fish species. In ..read more
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EU Ag Ministers Form Coalition Against Cultivated Meat, Move to Sustainable Food Systems Could Bring $10T a Year + More
Food + Tech Connect
by Phoebe Tran
2M ago
Image Credit: Vegconomist Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Twelve European Union Agriculture Ministers have united to advocate for a reevaluation of the regulatory approval process for cultivated meat within the EU. This collaborative effort aims to address and potentially revise the authorization framework, as they see the technology as a threat to the economy, public health and farmers. Meanwhile, a shift towards sustainable food systems ..read more
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USDA Says Cellular Ag Is Necessary to Reach Climate Goals, Aleph Farms to Sell Cultivated Steaks in Israel + More
Food + Tech Connect
by Phoebe Tran
2M ago
Image Credit: AgFunder News Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Aleph Farms has recently received approval to sell its lab-grown steaks in Israel, marking a significant milestone. The company aims to introduce its cultivated steaks to restaurants within the next few months, with plans to expand into food service and retail in the future. In a parallel development, the USDA emphasizes the crucial role of cellular agriculture in achieving clima ..read more
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Perfect Day Raises $90M, How TikTok Became a Kingmaker of Brands for Gen Z + More
Food + Tech Connect
by Phoebe Tran
2M ago
Image Credit: AgFunder News Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.   In other news, we’ve wrapped the first season of our podcast in partnership with AgFunder: New Food Order, a nuanced investigation into the business of tackling our climate and social crises through food and agriculture. Read all about why we launched the podcast, and be sure to subscribe and share! Our newsletter takes a lot of time and resources to produce. Make a o ..read more
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Chobani Buys La Colombe for $900M, France Proposes Law to Ban Cultivated Meat + More
Food+Tech Connect
by Phoebe Tran
3M ago
Image Credit: Fast Company Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In a groundbreaking move, the UK government has unveiled a landmark £2 billion plan to support the advancement of its biotech ecosystem, with a particular focus on the cultivated meat and fermentation industry. Meanwhile, the New York Times sheds light on the challenging circumstances faced by America’s aging farmworkers, predominantly immigrants, who find themselves on the brink ..read more
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UK’s £2B Cultivated Meat and Fermentation Fund, America’s Aging Immigrant Farmworkers + More 
Food+Tech Connect
by Phoebe Tran
4M ago
Image Credit: New York Times Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In a groundbreaking move, the UK government has unveiled a landmark £2 billion plan to support the advancement of its biotech ecosystem, with a particular focus on the cultivated meat and fermentation industry. Meanwhile, the New York Times sheds light on the challenging circumstances faced by America’s aging farmworkers, predominantly immigrants, who find themselves on the brin ..read more
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