A curated mix of recent articles on CPG & retail tech financings, exits, hirings, product launches, partnerships, and perspectives.
News
Rooduce, roouse, roocycle. Deliveroo has partnered with barePack and around 60 restaurants in Paris to offer customers the option to get their food delivered in reusable containers. The delivery company plans to expand to other areas of France after initial testing.
The Spoon
Beauty comes from within. Food tech startup Geltor Inc. introduced its first vegan collagen for food and beverages that is available for B2B clients. The new ingredient is intended to be a better replacement for collagen and gelatin than current alternatives.
Food Dive
Growing gold. Israel-based Seedo Corp. has announced a subsidiary named Saffron Tech through which it plans to grow the difficult-to-harvest and expensive saffron through the controlled environment of a vertical farm.
Greenhouse Grower
SPACtacular. Grocery delivery service Boxed confirmed that it would go public via SPAC merge at a valuation just shy of $900M.
Wall Street Journal
Deals
Bringg on the unicorns. Israel-based Bringg raised a $100M Series E round, earning a $1B valuation for its last-mile delivery and fulfillment cloud platform. The startup plans to use the funding to scale the platform through M&A and strategic partners.
It’s all a simulation. Vegan protein company and producer of NUGGS, Simulate earned a $50M Series B round led by SEVEN SVN SIX to grow and compete against other startups, retailers, and CPG giants that have been investing in their alternative meat products.
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