nestle

Freshly shareholders, including Insight Partners, sue Nestlé for ‘failing to make earnout payments’

Former investors of food delivery startup Freshly are suing Nestlé USA, which acquired the company in 2020 for up to $1.5 billion. The shareholders allege that Nestlé failed to make earnout payment

Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics

The wheels of global commerce continue to turn, through wars, pandemics and economic downturns; and today a startup taking a new tech approach to improve the workings of one of the more antiquated asp

When some of the world’s biggest food companies develop new products, they go to Tastewise first

The AI-driven data analytics help food brands make smarter decisions around product development, marketing and retail sales for their next healthy, sustainable and delicious products.

As brands clamour to back causes, Good-Loop raises $6M for its view-to-donate ad platform

Online advertising is generally terrible and our expectation that “information should be free” has tragically even ended up powering disinformation-filled social networks like Facebook. Ma

Food conglomerate Starday raises $4M

Starday raised $4 million in seed funding to take on “big food” incumbents.

LIVEKINDLY screams its way to the top of new plant brands with the close of a $335 million round

LIVEKINDLY Collective, the shouty parent company behind a family of plant-based food brands, has snagged cash from the global impact investing arm of $103 billion investment firm TPG to close its late

Ad-supported EV charging network developer Volta raises $125 million

Volta, the developer of a network of electric vehicle charging stations that monetize using advertising, has raised $125 million in new funding in a process managed by Goldman Sachs. Volta builds and

Nestlé acquires healthy meal startup Freshly for up to $1.5B

Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York C

With $18M in new funding, Braintrust says it’s creating a fairer model for freelancers

Braintrust, a network for freelance technical and design talent that launched over the summer, is announcing that it has raised $18 million in new funding. Co-founder and CEO Adam Jackson has written

VTEX raises $225M at a $1.7B valuation for e-commerce solutions aimed at retailers and brands

Retailers and consumer brands are focused more than ever in their histories on using e-commerce channels to connect with customers: the global health pandemic has disrupted much of their traditional b

With technology to perfect product pitches in digital marketplaces, Pattern raises $52 million

Pattern, a Lehi, Utah-based reseller that offers large and small brands a way to optimize their sales on marketplaces like Amazon, eBay, Walmart and Google Shopping, has raised $52 million in growth f

TradeDepot adds $10 million to add financial services to its supply chain services for African SMBs

Nigeria’s e-commerce startup TradeDepot, which connects international brands to small businesses in Africa, has raised $10 million in a new round of funding to expand its business into financial

Microsoft and SAS announce deep technology partnership

Microsoft and SAS, the privately held enterprise data management and analytics company (and not the airline), today announced a far-reaching partnership that will see Microsoft’s Azure become SA

OTTO Motors raises $29M to fill factories with autonomous delivery robots

When Clearpath Robotics CEO and co-founder Matthew Rendall looks at the “miles” of roads inside industrial factories, he sees them filled with autonomous vehicles. And in the past five yea

Replacing plastic with plant pulp for sustainable packaging attracts a billionaire backer

In a small suburb of Melbourne, two entrepreneurs are developing a technology that could mean big changes for the packaging industry. Stuart Gordon and Mark Appleford are the co-founders of Varden, a

Alpha Foods raises $28 million for its vegetarian prepared foods

Alpha Foods, the vegetarian prepared food manufacturer, has raised $28 million in financing for its portfolio of vegetarian burritos, tamales, nuggets, pizzas, burgers, patties and sausages. The Glend

Spatial raises $14M more for a holographic 3D workspace app, a VR/AR version of Zoom or Hangouts

The worlds of virtual and augmented reality have yet to land on the applications and hardware to truly spark mass-market, consumer interest in the space, but in the meantime, a startup building mixed

What’s beyond Beyond Meat and Impossible Foods in the future of food?

The age of alternative meats is upon us.  Beyond Meat is a $5 billion public company selling burgers in Canadian McDonald’s and American Carl’s Jr., breakfast sausages in Dunkin, and even

Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX

Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank.  This marks Tencent’s second round of

Startup aims to make filtered water an app-driven subscription service in the home

With so many scandals around the quality of tap water these days, especially in the U.S., many people are turning to bottled water to drink. But this requires single-use plastics that are wreaking hav
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