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There’s a growing movement of zero-waste grocery companies in America building toward a sustainable future that will ultimately eliminate packaging waste. Zero Grocery — the U.S.’s first online zero-waste grocery store which also happens to be Black-owned — has established this same goal to remove single-use plastics from our food system. Courtesy of Zero Grocery Aligned with their overall mission to prioritize a cleaner, healthier future, the e-commerce company announced today that they’ve successfully closed a $3 million seed round, raising their total capital to $4.7 million, a blog post reports . Funds from this round come from a large group of investors that include, but are not limited to — Marlon Nichols of MaC Venture Capital, Arlan Hamilton, City Light, Forward Venture Capital, Gaingels, Incite, Luma Launch, and 1984, who provided the biggest check of them all. Since Zero Grocery’s inception, founder Zuleyka Strasner has tirelessly championed the company’s sustainability...
You may have heard of inflation, but what about ‘shrinkflation’? If it’s not one thing it’s another. This time it’s a phenomenon called ‘shrinkflation’ where consumers pay the same price for less when it comes to buying goods. According to CBS News , this is not a new trick, this practice plays a role during periods of rising inflation or economic downturns. One of the results of the COVID-19 pandemic placed cost pressures on a number of industries along with their products thanks to various reasons which include difficulty in hiring workers, trucking shortages, and price increases for raw materials. “If you are a manufacturer or retailer, you have a couple of choices — you can keep prices the same, which means you have lower margins. Second, you can run fewer promotions, and that definitely happened in the last year,” said Anne-Marie Roerink, the founder of market research firm 210 Analytics. “And the third measure is to keep prices the same but have a little less in the box.”...
Planet FWD is a climate-friendly food startup that specializes in developing a regenerative food platform. According to TechCrunch, Planet FWD — founded by Zume co-founder, Julia Collins — just launched its first product, Moonshot Snacks, a climate-friendly plant-based, kosher, organic, carbon-neutral snack that has no added sugar. View this post on Instagram A post shared by Julia Collins (@juliaecollins) In addition to the new product, Planet FWD also announced an additional $2.5 million in funding led by Concrete Rose, MCJ Collective, Arlan Hamilton, and Emerson Collective, as well as existing investors which includes January Ventures, Kapor Capital, and BBG Ventures, among others. The funding is in addition to the $2.7 million already raised by the startup earlier this year. “We want to engage customers and show them they have the power to address climate change just with the way we eat,” Collins told TechCrunch. “We can use our food choices as a way to promote better farm...
Adam Roosevelt adds yet another lofty title to his resume — CEO at 28. According to Black Enterprise , the Virginia native is a combat veteran having served two tours in Afghanistan and a term in NATO. He is also a politician who ran against and unfortunately lost to Democratic incumbent Alfonso Lopez for the 49th District of the House of Delegates in 2017. Plus, he also served as a contractor in cybersecurity and intelligence at the Department of Homeland Security. Roosevelt has since turned his sights on environmental health and technologies as he was just chosen to be not only the first CEO but the first Black CEO of SEM North America. “This business opportunity brings Adam Roosevelt as one of the few African American pioneers of eco-friendly environmental solutions that will disrupt multiple industries around North America and around the globe,” COO and founder Leslie Grant told Black Business . Founded in 2016, by Grant and John Jones, SEM aims to work with customers in the...