Big investments were made in the this week, with Hormel Foods striking a $850 million dollar deal to acquire craft deli meat brand, Columbus.
CircleUp also announced its $125 million venture capital fund that will incorporate the proprietary machine learning platform as a tool to help guide investment in early-stage consumer and retail companies.
In other news, Aerofarms absorbed a $40 million investment led by IKEA and David Chang.
The company also announced that it will launch a healthy meal kit for kids with the help of Joanna and David Parker.
Blue Apron’s meal kit sales and customer spending per order increased, despite losing customers for its second quarter in a row.
Its acquisition will widen Hormel’s scale in the deli category and broaden its consumer base.