Italy’s Biorsaf raises €5.2 million and acquires Cooki to build AI-powered food RegTech platform | EU-Startups

Funding Rounds

▤ Summary

Biorsaf raised €5.2 million and acquired Cooki to broaden its food compliance and data management platform. The company combines food safety, traceability, labeling, costing, and regulatory workflows into a single solution for the food value chain. It plans to use the capital and acquisition to accelerate growth, expand its AI capabilities, and consolidate a fragmented market. Biorsaf also says it will scale its workforce and target a large but still lightly digitized Italian market.

$ Funding

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Amount $5.7M Total raised
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Date November 1, 2024 Announcement date
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Investors - Lead investors
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Company biorsaf.it Funded company

◇ AskAI Classifications

Sectors
No sectors detected
Functions
Governance, risk and compliance Developer and IT Infrastructure General compliance and audit

▦ Linked Companies

Biorsaf
$1M to $5M