💸 Meati Raises $100M, Locks In Kroger

There’s a lot of (mycelium-based) meat to this story. 

Meati announced a trio of big moves today, headlined by the closing of a $100 million investment led by Grosvenor Food & AgTech along with existing investors Prelude Ventures, BOND, Revolution Growth and Congruent. But that’s not all.

Nosh Insiders can read the full scoop which includes news of distribution gains and leadership changes in addition to outlining Meati's pursuit toward profitability.

Days after BevNET reported Tyler Ricks’ departure as CEO of Super Coffee, his next move has been revealed: He’s taking the reins as CEO of frozen food company Caulipower.

🔀 Ricks has sat on Caulipower’s board of directors since 2022 and will replace departing CEO Marc Seguin, who has held the role for the past two years and succeeded founder Gail Becker.

🕞 Timing is everything. Ricks told Nosh he was ready to hand off Super Coffee, which he brought to solid financial footing following a “difficult transformation.” 

💬 “I'm not a disruptive founder; I'm the guy who can figure out how to really partner with the disruptive founder and help unlock their potential to really continue to impact the business,” Ricks said.

Nosh Insiders can check out the full story for insight on how this serial investor approaches the CEO post.

Chamberlain Coffee founder Emma Chamberlain and CEO Christopher Gallant join us for a conversation about the brand’s growth strategy and why its identity is anchored by love and modernity. We also unpack Albertsons’ merchandising strategy with Buster Houston, the chain’s VP of national merchandising.

Listen to the latest episode now.

• Earnings recaps from W.K. Kellogg and Hain Celestial
• Acquisition news from the CPG baked goods set
• Details on Ferrero's major U.S. expansion

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