May 25, 2019

Israel’s “Food Tech” Sector is Booming

“It’s been a *big* year for Israeli Food-Tech, with four major deals this year already:

AB InBev, which owns Budweiser, bought Weissbeerger for $80M. This was about analytics to provide insights into consumer preferences and habits.

International Flavors and Fragrances (IFF) bought Frutarom for $7.1B –this was about R&D and market share.

Takeaway.com bought online food marketplace Ten Bis for $157M –this was about buying a successful platform for hungry techies and exporting it abroad.

And then came the banner deal: Pepsico bought SodaStream for $3.2B. This is hugely important for Pepsi –who have been trying to buy SodaStream for a while as it tries to brand itself as a company that cares about people’s health.

Foodtech in general is a growing trend around the world, and there are specific areas where Israel especially stands out. And stand out it has. Start-Up Nation Finder is tracking some 250 currently active companies working in the field –a steady increase in the number of companies over the past few years. Investment activity has been strong for years now, with between 19–33 venture-backed investments rounds annually since 2014 and an overall increase in total funding annually. In 2017, Food Tech companies brought in $117M total in 27 rounds. Exits—even excluding Frutarom—have been growing in value and number, too.”

Read more

JJ Editor's Daily Picks

"The results were surprising. The center-right coalition, led by Prime Minister Scott Morrison, remained in power against the opposition Labor party, which had led in every poll for years."

"Anger seldom works against Trump; he owns the currency and can always issue more of it. In addressing the rogue President directly, or speaking about him in the third person, Pelosi usually adopts a tone that is more sorrowful than angry..."

"I am Mizrahi, as are the majority of Jews in Israel today. We are of Middle Eastern and North African descent. Only about 30% of Israeli Jews are Ashkenazi, or the descendants of European Jews."

"Kids are exposed to plenty of controversial social issues on a daily basis. And if parents don’t want their kids to watch “Mr. Ratburn and the Special Someone,” they can turn off the TV."

"Are public-school teachers really underpaid? It’s a claim often made during teacher pay disputes, but the same data and statistical methods that produce the “teacher salary gap” lead to some ridiculous conclusions..."

"Tech companies are getting into the business of making cities. We need to stop Silicon Valley social engineering before things get even worse."

"Having a Library or Cafe Down the Block Could Change Your Life: Living close to public amenities—from parks to grocery stores—increases trust, decreases loneliness, and restores faith in local government."

"“What name . . . shall we give to the darkness of hell...?” The question of how we can name a place such as this is at the center of scholar Scott G. Bruce’s new anthology The Penguin Book of Hell."

"She had all six of her kids — ages 5, 4, 2 (twins) and 10 months (also twins!) in her 10-seater van. To get the kids a quick snack, Curry parked in front of the Cobbler’s Café."

"Nearly three-quarters of those surveyed said they grew up typically eating dinner at a kitchen table, but a little less than half said they do so now when eating at home."

"If you tied a rope tight around the Earth’s equator and then added a single yard of slack, would the extra material make any noticeable difference to someone standing on the ground?"

"While American Jewish women face attacks on our freedom and rising anti-Semitism, abortion opponents are appropriating Jewish history in order to push an agenda that hurts women."