Nestlé leads $77 million round in prepared meal startup Freshly

via Facebook

Nestlé USA has led a new $77 million funding round for New York-based Freshly, which sends weekly batches of prepared meals to customers who get to pick from a rotating selection of 30 dishes.

What it means: Big food conglomerates are paying attention to the recent food consumption trends. Unilever previously invested in meal-kit startup Sun Basket, while Campbell Soup Co. poured $10 million into one called Chef'd. Freshly also part of the growing health food craze, which big food companies have had to adjust to.

Synergies: Nestlé is expected to lend its expertise in food sourcing and R&D to Freshly, while receiving an look into Freshly's customer base and operations.

Deal details: As part of the deal Jeff Hamilton, president of Nestlé USA's Food Division, is joining Freshly's board of directors. Existing investors Highland Capital Partners, Insight Venture Partners, and White Star Capital also participated in the round.

What's next

⚖️ Live updates: Opening arguments begin in Trump impeachment trial

The second day of the Senate impeachment trial of President Trump will see a full day of opening arguments from Democratic House impeachment managers.

What to watch for: Democrats now have 24 hours — spread out over three days — to take their time to lay out their case against the president's alleged abuse of power and obstruction of Congress. It'll also allow them to highlight gaps that could be filled out by additional witnesses and documents from the administration.

This post will be updated with new developments as the trial continues.

Go deeperArrowJan 21, 2020 - Politics

Axios Dashboard

Keep up with breaking news throughout the day — sign up for our alerts.

America's homelessness crisis isn't going away

Illustration: Aïda Amer/Axios

If the opioid epidemic was the top issue plaguing American cities in the last five years, the most urgent problem of the next five is homelessness, a group of American mayors told reporters in D.C. this week.

Why it matters: Homelessness in the U.S. was on the decline after 2010, but it started to increase again in 2016 — and without moves to address the affordable housing crisis driving the issue, we can expect it to keep getting worse, experts say.

Go deeperArrow2 hours ago - Cities