Category: Waste Reduction
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As the year winds to a close, so do many of the startup accelerators taking applications. But there are still a few in the foodtech realm accepting potential applicants. Though you won’t find big names like Chobani or Food-X on this current list, what you will find is a mix where most programs are looking…
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Food waste is generating quite a lot of interest as of late; but one buzzword that might give “food waste” a run for its money is blockchain. (Alright, food waste is two words, but stick with me.) Companies around the world are starting to play with this nascent technology to explore how it can help…
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Based in Slovenia, FoodPlus began in 2015 when co-founder Dalibor Matijevic began searching for a way to cut down on food waste by redistributing surplus food. He developed a B2B platform for companies to buy and sell extra food at a super low cost — creating a new revenue stream and keeping food out of landfills.…
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One company’s trash is another’s treasure. Such is the case with defatted sunflower seeds — the hulls and fiber left behind after the seeds have been pressed for oil — which most companies use to feed livestock. Aleh Manchuliantsau, however, saw an opportunity for a lot more. A food scientist by trade, Manchuliantsau and his co-founder…
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It’s a banner day for food waste startups around the world. Earlier today San Francisco’s Full Harvest and Stockholm, Sweden-based Karma announced major fundraises — now it’s Atlanta’s turn. A-town’s Goodr just announced that it raised a $1.25 million pre-seed funding round as first reported by Hypepotamus. The raise was led by Precursor Ventures with participation…
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Today Full Harvest closed an $8.5 million Series A funding round led by Spark Capital with participation from Wireframe Ventures, Rent the Runway founder Jenny Fleiss, Cultivan Sandbox Ventures, and others. The San Francisco-based startup, which was founded in 2015, is a business-to-business produce marketplace for cosmetically imperfect (or “ugly”) fruits and vegetables. They connect farmers with food…
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Today Karma, a Stockholm, Sweden-based startup fighting food waste, announced a $12 million Series A fundraise. The round is led by Swedish investment firm Kinnebick, with participation from Bessemer Venture Partners, Electrolux, and others. This brings Karma’s total funds raised to $18 million. Launched in 2016, Karma is a mobile app that helps retailers sell excess…
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One of the most famous McDonald’s locations in the world just got a major makeover, inside and out. The former Rock N Roll McDonald’s reopened last week as a new flagship store, and “redesign” is an understatement. The fast food giant unveiled a 19,000-square-foot structure and a business strategy that are all about two things:…
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Starbucks may have projected slower growth recently, but it looks to be business as usual for the coffee retailer, and that business traversed several industries and a couple continents this week. Most notably, Starbucks is reportedly one of the key backers of a new company, Bakkt, which the Intercontinental Exchange (ICE) created to better integrate…
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Fighting food waste is a big problem with a big business opportunity for the growing number of companies trying to reduce it. Whenever there’s big money to be made, lawsuits are sure to follow. Sure enough, yesterday Zest Labs and its parent company, Ecoark Holdings, sued Walmart for $2 billion over Walmart’s Eden technology, which…
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This week Apeel Sciences, the startup known for its plant-based peels that keep produce fresh longer, raised a cool $70 million. The Series C round was led by Viking Global Investors, a $26 billion hedge fund behemoth, and brings the total funding for the Bill Gates-backed startup to $110 million. Apeel’s solution to fighting produce degradation…
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You’ve probably heard the widely-quoted factoid that the majority of food waste happens in the home. From grocery over-purchasing to over-zealous expiration dates to just plain forgetting to cook that cabbage you bought, it’s not exactly a surprise that the kitchen is where a lot of needless wastage takes place. Consequently, there are quite a few…
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