Archives for May 26, 2020

Good PLANeT Foods raises $12m to expand its plant-based cheese empire

Allergen-friendly plant-based cheese brand GOOD PLANeT Foods has raised $12m in a series A round led by Cleveland Avenue, and supported by GreatPoint Ventures, Tasseo Consumer, Stray Dog Capital, and Lever VC.

NEWS IN BRIEF

Plant-based foods outpace total food sales during pandemic, PBFA and SPINS data shows

New data from the Plant Based Foods Association (PBFA) and SPINS shows that US retail sales of plant-based meat, cheese, tofu, and tempeh outpaced total food retail sales for the 16 weeks ending April 19, 2020.

E-commerce expert: “This is a great entry time for new and small brands to flourish on Amazon”

The uneven impact of the coronavirus on sales of food and beverage brands of different sizes has created an opportunity for smaller and emerging companies to drive consumer awareness by advertising on Amazon at a scale that previously would not have been...

Apeel Sciences raises $250m to tackle food waste, with help from Oprah, Katy Perry: ‘What we’re selling is time’

Apeel Sciences – the Santa Barbara-based firm behind an invisible plant-based edible skin that can dramatically extend the shelf-life of fresh produce – has raised $250m in a funding round led by GIC that gives it a valuation north of a billion dollars.