Cologne-based Foodforecast gets €3 million to optimise the entire food supply chain
Summary
Since its Go-to-Market in 2022, the company’s AI-driven sales forecasting solutions have been utilised in several thousand customer stores and have been adopted by some of the industry’s largest players, such as SSP Germany. “In 2023, we not only saved 4,000 tons of food waste but also avoided the annual CO2 equivalent of over 1,000 cars and conserved more than 2,500 Olympic swimming pools’ worth of fresh water. This infusion of capital will enable us to expand our team and continue delivering unparalleled predictive capabilities and service quality to our clients in the gastronomy, bakery, and retail sectors.” Food waste is not only an economic issue but also significantly contributes to the degradation of planetary health. The unnecessary loss of food takes its toll on valuable resources such as water, energy and land, and it is a major driver of greenhouse gas emissions that fuel climate change. By deploying their AI-driven solutions, Foodforecast helps their customers optimize their resource usage while making a critical contribution to protecting our planet and ensuring a sustainable future.
Funding
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