While cooking tech startups have had a hard time of it lately when it comes to raising funding, it appears investors arent shying away from products that help consumers manage excess food waste.The latest example is a new seed funding round for Victoria BC-based Sepura, a startup that makes an under-counter food separation device. The company announced today it had received a $3.7 million seed round led by Blanco, a German manufacturer of faucets, sinks, and home food waste management systems.Unlike other systems like the Lomi, the Sepura doesnt accelerate composting of food scraps. Light indicators on the Sepura inform users when the appliance is full, but users dont have to worry about monitoring the lights since the appliance will not activate if the disposal bin is already full.What the Sepura wont do is take your food waste and grind it into useable food grounds or compost. In this sense, it differs from the Mill (which raised $100 million from the likes of Google Ventures), the system developed by ex-Nest executives that makes food scraps for chickens, or the Smartcycle, the popular home compost machine made by Vitamix.I have two concerns about the Sepura. Its not a lot of work, and Im not sure wed need to automate the process through an appliance.My second question is whether consumers will cede that much space to an under-sink waste handler.