On Thursday, April 28th the Cornell Tech Campus on Roosevelt Island, New York will play host to the Green Circle NY-Israel FoodTech Bridge Conference. The event commingles major food companies and vendors with investors and scientists in the space, with a specific emphasis on industry innovation in the United States as well as Israel. Although it’s not widely known among the general population, the event is a pretty big deal. Just ask New York City mayor Eric Adams.
Green Circle’s Stu Strumwasser moderates an all-star investor panel on investing in plant-based brands at Nosh Winter Live 2021. The panel included Robert Brown, Founder, Encore Consumer; Bryan Kreske, GM Hormel Foods Venturing and Incubator Unit; Joe Rhodes, Partner, Hummingbird Equity Partners; and Roy Chin, Principal, North Castle Partners.
The practitioner channel, as traditionally defined, is a sales route for dietary supplements wherein the seller (or retailer) is a practicing doctor, nutritionist or other accredited healthcare practitioner. These products, although sold through the practitioner channel, are still regulated by the US FDA as dietary supplements and are not FDA-approved as pharmaceuticals:
Green Circle’s Stu Strumwasser appears on “Category Close-up, Plant-Based Milks and Creamers – Expert Analysis,” with Bevnet Managing Editor, Martin Caballero, November 10, 2020
Stu joins a panel with other notable experts on plant-based dairy alternatives. If you are a Bevnet/Nosh subscriber, click the image below to watch:
Dining in the Time of Corona (Navigating the Post-COVID-19 Restaurant Industry for Investors and Operators)
We are living in a time of unprecedented change in the economy and in the world at large, and nowhere is that more evident than in the restaurant industry. At Green Circle Capital, our professionals know, from decades of experience, that out of every crisis also comes innovation and opportunity.
Green Circle’s Stu Strumwasser appears on “Office Hours,” with Bevnet Editor-In-Chief, Jeff Klineman, August 18, 2020
Stu joins a panel with Farah Khan, Managing Director with L Catterton and Alison Minter, Managing Director with North Castle Partners to discuss Food & Bev investing, valuation, and other related trends.
If you are a Bevnet/Nosh subscriber, click the image below to watch the interview:
Gauging supplement M&A activity
Valued at $46 billion in 2018, the U.S. supplement industry continues to thrive—a factor that likely influenced a variety of strategic M&A investments in recent years.
Why America is embracing the widening world of non-wheat pastas
“If it’s not made out of wheat, it’s not pasta.”
That was fresh-pasta specialist Peter Robertson’s response when the patrons at his farmers market stand began requesting gluten-free options in the mid-2000s. Today, he can’t help laughing as he admits that most of his business, RP’s Pasta Company and a spinoff, Taste Republic, is now gluten-free.
Protein…. Where’s The Beef?
These days, as I travel through the offices of natural products CEOs and investors, and grocery aisles, and trade show booths at Expos North, South, East and West, I find myself constantly informed of the protein content in food and beverage products. Do you also notice this trend accelerating?
Money is pouring into developing beverages that claim to do much more than quench thirst. A lot of that funding ends up going down the drain.
Conglomerates and startups alike are placing bets on “enhanced” drinks that promise everything from better sleep to a more youthful complexion. While sales of such drinks are rising—up 11% in the past year to $3 billion, according to market-research firm Spins—hundreds of new ones are launched each year, and the majority peter out within a couple of years. Finding success involves the right mix of funding, taste, health claims and luck:
Degradation of vitamins, probiotics and other active ingredients caused by exposure to heat, water and sunlight
Vitamins and probiotics (and other active ingredients) can be substantially affected by exposure to heat, water and/or sunlight. The nutritional value of such ingredients can degrade when exposed. Therefore, maintaining the viability (and consistency — along with accurate label claims) of these nutritional components in food and beverage products, from the time of production to the time of consumption, can be challenging.
M&A activity likely to stay hot in 2018, report says…
M&A activity in the dietary supplement realm is unlikely to slow down anytime soon, according to a new report from an investment firm.
High Brew Coffee’s latest fundraising could be its last, CEO says
High Brew Coffee, a venture capital-backed producer of branded canned cold-brew coffees, may not need to raise further capital following its most recent raise, said CEO David Smith. On 18 May, the Austin, Texas-based company secured USD 20m from Charles Street Partners, according to a report by the Austin American-Statesman. That brings the total raised to nearly USD 50m, based on figures from securities filings.
How Gloe Brands is Navigating Coke System Refranchising
How do you build a national brand when your national DSD partner — Coca-Cola North America — is undertaking its own tumultuous distribution transition? That has been among key challenges confronting Gloe Brands as it navigates rollout with Coca-Cola bottling network that just concluded massive refranchising effort, as KO — an investor in Gloe via its VEB venture arm — devolves responsibility for local activities to network of indie partners.
Part I: Evaluating Valuation
As an investment banker in the Consumer space (focused on natural products) who often talks with the CEOs and owners of early-stage and growth-stage companies I am frequently asked, “What’s my valuation?” My short answer is: “Whatever the market will bear.” It rarely satisfies.