Winnow raises further $7.4M for its smart kitchen tech that reduces commercial food waste

Funding Rounds

▤ Summary

It counts the likes of IKEA, Compass Group, and AccorHotels as customers, and estimates its 600-plus clients are saving 4,300 tonnes of food waste annually through the use of the Winnow system. To support this growth, the company is disclosing it has raised $7.4 million in further funding, in a round co-led by Circularity Capital, and existing backers Mustard Seed, and D-Ax. Launched in May 2013, Winnow is on a mission to offer the hospitality industry technology to help cut down on food waste by making commercial kitchens ‘smarter.’ It does this via the Winnow Waste Monitor, a set of smart scales and accompanying tablet app that lets kitchen staff easily log what food is thrown away. That obviously has a huge environmental impact but also eats into the margins of restaurants and kitchens, which tend to be incredibly thin to begin with. “We’re part of a small but growing community of entrepreneurs that are trying to solve this issue, and I invite you to join us,” he told the audience.

$ Funding

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Amount $7.4M Total raised
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Date October 23, 2017 Announcement date
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Investors Mustard Seed, R/GA Ventures, Novax Lead investors
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Company http://www.winnowsolutions.com Funded company

▥ Classifications

industries
Environment
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Food Waste Management Software Artificial Intelligence Software SaaS

▦ Linked Companies