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Startup Food Chain

Startup Food Chain

Introduce Your Bowels to AccelFoods’ New Class of Hipster Snack Startups

Screen Shot 2014-06-18 at 11.57.43 AM

We can see how a group of startups giving a Williamsburg-style hipster update to muesli or making caramels out of coconuts might have trouble taking off at first. Luckily, companies with off-key ideas for the future of food are getting a helping hand from AccelFoods, a New York-based accelerator that focuses on food startups.

AccelFood debuted their new class of four startups today, including a mushroom tea startup (“become a funguy”) and Cocomels, which are the Vita CoCo of candy. The would-be disruptors will receive initial investments of up to $40,000, with up to $200,000 coming their way by graduation. Read More

Startup Food Chain

After $2.67B GrubHub IPO, VCs Are Hungry For Food Delivery Apps

(photo via Lucius Kwok))

Since GrubHub Seamless went public with a valuation of $2.67 billion, venture capitalists are racing to find the next hit food delivery app for their portfolios.

According to the report on the CB Insights blog, investments in food tech in the first quarter of 2014 (Q1) were the highest they’ve been in five years. Over $200 million went to food and grocery apps during those three months, which was the biggest VC investing boom in over a decade.

Most of these are small, local apps that focus on a particular set of stores and services, whereas GrubHub and Seamless are nationwide giants with a combined 25 years under their belts. The two companies merged last year, and served over three million customers nationwide in 2013 alone. Read More

Startup Food Chain

On Track to Be Cashflow Positive This Year, Sailthru Goes On Buying Spree

Mr. Capel. (Photo: Sailthru.com)

Just one month after making its very first acquisition, New York-based email marketing company Sailthru has snapped up another. “It’s not been a direct strategy,” CEO Neil Capel told Betabeat over the phone. “At the same time, we’re finding some really talented people and some IP to add to our layer. We keep an active lookout for interesting startps.” Read More