The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Funding & Investments
The Magnum Ice Cream Company invests €10m into Hungary manufacturing facility
The Magnum Ice Cream Company (TMICC) has invested HUF 4 billion (approximately €10 million) to modernise its manufacturing facility in Veszprém, Hungary.
The Protein Brewery closes €18m Series B extension following landmark EU novel food approval
Dutch food-tech company The Protein Brewery has announced an €18 million extension of its Series B funding round, led by ABN AMRO Sustainable Impact Fund.
Food System Innovations launches AI-focused Food Intelligence Lab to accelerate sustainable protein R&D
Food System Innovations (FSI) has launched the Food Intelligence Lab, a new interdisciplinary initiative designed to build the AI infrastructure needed to accelerate research and development across the sustainable protein sector. Backed by a $2 million grant from the Bezos Earth Fund awarded last year, the lab will develop open-source datasets, machine learning models and benchmarking tools that aim to shorten product development timelines and improve the sensory performance of plant-based...
Suntory invests £14.5m in UK blackcurrant processing facility
Suntory Beverage & Food (SBF) GB&I has invested £14.5 million in a new blackcurrant processing facility in Herefordshire, as part of efforts to strengthen its UK supply chain for Ribena production.
Solar Foods secures €77.8m public funding package to advance commercial-scale Solein production
Finnish food technology company Solar Foods has secured €77.8 million in public funding from Business Finland to support the construction and commissioning of its planned Factory 02 facility.
Rainbow Crops raises €9.7m to expand crop genome-editing platform
Belgian agri-tech company Rainbow Crops has raised €9.7 million in an over-subscribed seed funding round to advance its crop engineering platform and expand its team.
Anheuser-Busch invests more than $20m in Missouri operations
Anheuser-Busch has announced a new investment of more than $20 million in its Missouri operations.
Canada launches food security strategy with $2.1bn investment plan
Canadian Prime Minister Mark Carney has unveiled the country's first National Food Security Strategy, a ten-year plan backed by more than CAD 3 billion (approx. $2.1 billion) in funding.
Crisp Power invests $15m in Texas manufacturing facility to support US growth
Crisp Power Protein Pretzels has invested $15 million in a new production facility in Stafford, Texas, marking a significant expansion of its US operations as the high-protein snack brand seeks to meet growing consumer and retailer demand.
IFT's Global Food Traceability Center secures $3m investment to accelerate industry-wide traceability adoption
The IFT's Global Food Traceability Center has secured a grant from the Moore Foundation.
Ryl Tea secures $20m Series C as ‘modern tea’ category gains momentum
The Ryl Company, maker of the rapidly growing ready-to-drink iced tea brand Ryl Tea, has closed a $20 million Series C financing round.
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