1.5 million raised in funding round to reduce food waste
The Dutch Food Tech company, OneThird, has raised funding of 1.5 million euro from investors SHIFT Invest and Oost NL. The equity raised will be used to accelerate the development of OneThird’s fresh produce quality prediction platform and expand pilots with retail customers. The company has also expanded its technical team through the acquisition of AI specialist firm, Impact Analytics, adding additional expertise in (spectral) imaging and analysis. OneThird will run their operations from Kennispark Twente.
Reducing food waste
The United Nations identify food waste as one of the major sustainability challenges and address it with the Sustainable Development Goal 12.3. One-third of food is currently wasted, and the urgent call for action is to halve this by 2030. Major retailers and their supply chain partners have teamed up in the coalition called Champions 12.3 dedicated to inspire ambition and action to achieve this goa