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Investors See Big Opportunities In Food Waste Solutions Start-Ups

August 9, 2018: 12:00 AM EST
Four start-ups that are battling food waste in their own unique ways have secured significant backing from major investors. Four-year-old BlueCart, originally founed to provide restaurants with an online procurement tool, realized that the technology also reduced waste. The company raised $22 million in three years from VCs. It now boasts 53,642 foodservice venues and 7,078 suppliers that have cut food waste by 52 percent. Other food waste start-ups include: Winnow, helping commercial kitchens cut food waste with a monitor and digital scale connected to a tablet ($11.5 million in funding); and FoodMaven, providing an online marketplace and logistics to capture revenues from lost food ($9.1 million). Funding initiative ReFED says more than $100 million in private funding has been provided to food waste innovators. [Image Credit: © BlueCart]
Arlene Karidis, "A Look at Some Food Waste Innovators with Major Backing", waste360.com, August 09, 2018, © Informa USA, Inc.
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