Foodland Ventures, the VC and Accelerator building a global ecosystem of food tech founders, held its first demo day on the 22nd of July and unveiled its very first cohort consisting of six startups who are solving the food industry’s most challenging problems. This is an exciting time in the food tech space – the global food and agriculture markets are expected to reach 6 and 9 trillion USD in 2021, respectively. And the role of tech is rising, with the food and agriculture technology and products market expected to grow from almost 500 billion to more than 700 billion USD by 2026.
The following are the six startups featured in the demo day:
3 SQUARE is the next generation of cloud kitchen – a digital foodhall network and virtual restaurant group. 3 SQUARE provides tech-enabled, turnkey solutions that are both sustainable and profitable by maximizing utilization and revenue per square meter of kitchen spaces to create great tasting food. 3 SQUARE is creating an ecosystem of support for people’s passion in food, technology and business. We provide an infrastructure and build a network of solutions where we are able to share and pool resources, learn from one another and grow together. From our digital food hall network to our virtual restaurant brands, 3 SQUARE is dedicated to offering services for success and profitability so our partners not only survive, but thrive in the ultra-competitive F&B industry.
3T GDS Technology Inc. was founded in early 2020 and is the provider of technology that enables cross-border and cross platform clearance for e-commerce purchases. The team aims to build the largest alliance of “local kings,” helping local providers digitize their services and products into digital vouchers, distribute with 3T GDS’s borderless network, and aggregate all cross-border orders for the providers. With their local king alliance, they’re solving the issue of global ticket distribution and cross-border clearance. They have partnered with more than 15 international channels and currently have over 500 Taiwanese and 5,000 international commodities currently distributed on their platform. They will expand to more international channels including OTA, EC, social media and financial payments.
DOTDOT Inc. was founded by 4 serial engineer-entrepreneurs. Their digital ordering platform Quickclick provides a wide variety of options including online ordering, ordering via QR code, and via the LINE app. The system also integrates digital payment services, logistics services and food delivery services, spearheading the digitalization of restaurants regardless of their operational scale. Quickclick is the largest and fastest-growing platform in its category. With more than 6,000 restaurants already onboarded in less than 2 years, their customers range from breakfast shops, tea shops, fast food chains, and food courts, to hotels and Michelin restaurants. With more than 400k users, their GMV in the first half of 2021 already exceeded 540 million NTD (19.3 million USD). They are planning to expand internationally by 2022, starting from the Japanese market and then to SEA.
KABOB CLOUD is a SaaS and PaaS provider focusing on smart retail management services to build a complete O2O experience. Their AI solutions include digital signage, in-store music, staff training and evaluation, and facial and gesture recognition as well as retail and staff management with 18 apps. Their current users include retail stores, restaurants, supermarkets and various physical retail locations, providing services to more than 450 brands with several tens of thousands of devices. Their global clientele are spread across China, Taiwan, Japan and Singapore and includes well known brands such as McDonald’s, SEPHORA (LVMH Group), Fresh Hema under Alibaba, Burger King, CoCo Fresh Tea & Juice, happylemon, HEYTEA, IKEA, Singtel and T&T Supermarket. They are currently expanding into the US and Australian markets.
Tsaitung Agriculture is the first fresh ingredient solution in Taiwan to connect producers and ingredient users with data and internet technology in both B2B and B2C. Their approach cuts the total our approach cuts the total layers involved in the middle of the supply chain from 3 to 1, and total time to delivery from 3-4 days to under 1. They have built a platform to connect ingredient producers directly to restaurants and extended their solution to individual customers. Their clients range from F&B, to e-commerce, and the logistics industry and they have served over 400 notable brands including two biggest e-commerce platforms in Taiwan – momo and PCHOME, Secom Group, Gloria Hotel Group and TimHoWon. They have been growing at 2x-3x yearly for multiple years since their founding. For international expansion, they aim to enter Vietnam’s Ho Chi Minh City in Q3 2022, and to Malaysia and Singapore later on.
Yo-Kai Express was founded in San Francisco. The 24/7 autonomous restaurant takes the form of vending machines, home-use appliances and self-driving cars. Their patented technology in the freezing and reheating process provides convenience without sacrificing on taste. Customers can have great-tasting food served to them in under 1 minute anytime, anywhere. Using a proprietary algorithm, they are able to predict demand curves and manage inventory, reducing labor. Their autonomous restaurants are deployed in hospitals, airports, hotels, schools, theme parks, ski resorts and office buildings in many large corporations. They are currently raising their Series A and will be expanding into the Japanese market by 2021 Q4.