Flowaste raises a €1m seed round from Rockstart, Underdog Labs and several angel investors

The €1m seed round was led by Underdog labs, a US based VC, with Rockstart as co-investor and with the participation of several angel investors. The startup plans to use the funding to expand its automated food analytics platform and capabilities and scale to 100 locations across the United States over the next nine months. Using kitchen data, FloWaste allows food service providers to optimize meal preparation, ingredient combinations, and portion sizing, while reducing labor costs, to maximize profits and minimize excess. FloWaste has three live paid pilot customers who have signed agreements to expand to 100+ locations across the United States. FloWaste is a technology startup with a mission to address the business, environmental and ethical issues of food waste.