The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Drop Bear Beer Co. has secured a £1.8m equity investment to build what it says will be one of the world’s first dedicated alcohol-free breweries.

Carlsberg has posted an 8.4% decline in organic revenue in its 2020 results, following significant impact to its on-trade channel amid a "challenging year".

Frontier Nutrition, a manufacturer of affordable fortified snacks for the Bangladesh market, has raised $6m in Series B financing.

WeCook, a provider of home-delivered prepared meals, has raised CAD 7m ($5.5m approx.) in a financing round to accelerate its growth in Quebec and Ontario.

Stryve Foods has entered into a merger agreement with Andina, in a move that will see the combined business become a public listed company valued at $170m.

Biotech company Ukko has raised $40m in Series B funding to help accelerate the development of healthier food and therapies for food allergies.

Swiss start-up Mirai Foods has raised $2.4m in the first tranche of its seed round, to accelerate the commercialisation of its lab-grown meat.

Imperfect Foods has received a commitment to fund $95m in a growth investment, as it seeks to continue expanding its direct-to-consumer grocery service.

Bkon, creator of a patented extraction process for beverage production, has secured a $3m Series A investment led by GoodWest Industries.

Swedish better-for-you snack brand Nick’s has raised $30m in its largest investment round to date, as the company aims to accelerate its overseas expansion.

Plant-based snack brand Outstanding Foods has raised $10m in a Series A financing led by SternAegis Ventures, as it prepares for a 2021 retail expansion.

Food technology start-up, Air Protein, has announced a $32 million Series A funding round led by Archer Daniels Midland (ADM).