The US restaurant industry alone is responsible for more than 11 million tons of food waste each year, or $25 billion worth of food, and Valentine's Day is one of the industry's biggest nights of the year.
It is possible for as many as one out of 15 containers to get rejected when they arrive at their destination, an expensive outcome when containers carrying high-value food can be worth as much as $500,000.
Noluma has developed a unique technology that measures the light protection of packaging as a function of its effects on the product contents by placing a marker ingredient in a solution inside a test package, which is then exposed to intense light.
The Colorado-based startup is targeting big players in the food system to recapture lost food at scale while offering end-to-end logistics. It closed this top-up ahead of a larger Series B in the near future.
A new report from ReFED also revealed that grant funding from foundations reached $134 million in the first three quarters of 2016, increasing 70% over five years.
The selected startups include packaging tech, marketplaces connecting farmers directly with retailers, innovative storage solutions and advanced analytics to optimize food supply chains.
Maersk has received 850 pitch decks so far this year, according to Peter Jorgensen who says the company’s investment initiative gives it the chance to make a positive difference as a large corporate, not just a provider of funds.
Founded in June 2016, Wasteless has developed a proprietary dynamic pricing algorithm for products with a limited expiration date, allowing retailers to create and display discount prices across the demand curve.
Maersk is accepting applications for the second edition of its FoodTrack accelerator program, which will place an added emphasis on connecting startups to relevant partners and experts in the company.
A non-profit consortium of venture funds, banks, corporations, universities, and foundations has launched a platform to invest in startups and projects addressing some of the food system's major challenges.
TeleSense's proprietary sensor collects data about the condition of grains in storage to detect nonoptimal storage conditions and reduce spoilage.
Full Harvest says it is the only business-to-business marketplace for the end-to-end purchase, sale, and logistics of surplus and imperfect produce.
Chinova Bioworks has discovered a natural preservative for food and beverages using chitosan from mushrooms that can be customized for individual food and beverage companies.
The investment round was led by Viking Global Investors, an American-based hedge fund based in Greenwich, Conn., with participation from Andreessen Horowitz, Upfront Ventures and S2G Ventures.
We caught up with three foodtech startups at the United Fresh Show to find out how produce distributors, packers, and shippers are adopting new technology.
AgriProtein is constructing insect factories across the Middle East, Asia and South Africa that use municipal waste as feedstock.
In less than a year, international meal kit player HelloFresh has reduced its land-fill bound waste by 65% with the help of Boston-based startup Spoiler Alert, a B2B tech platform that helps food businesses, farms and nonprofits better manage unsold food inventory,
After photographing strawberries, the AgShift app tells the user what the percentage of red is in the photo, which speaks to how much shelf life is left.
After completing 20 pilots in one year, Hazel Technologies has raised a $3.26 million Series A round led by food and agtech VC S2G ventures.