FloWaste — Providing Data and Insights to Minimize Food Waste

Using data analytics to reduce the food waste. (Image: Flowaste)

FloWaste recently announced the close of their $270K Pre-Seed round. The round was led by Plug and Play Ventures, and other investors include: Elevate Ventures, RSLP Ventures, Flywheel Fund, Culvex Investments, and individual investor Angie Stocklin. Flowaste is providing data and analytics for cafeterias and restaurants to reduce food waste costs.

Why does this matter?

What’s next?

Thoughts
Project Drawdown has reducing food waste as the third largest solution to decrease greenhouse gas emissions. It is promising to see FloWaste secure funding and deploy their technology. Pilot customers include well-known global fast food chains, corporate cafeteria management companies, a large European beef processor, and the U.S. Air Force. FloWaste can give granular level insights, providing up to a 2% reduction in procurement costs and a 35% reduction in disposal costs.

Between organizations making net zero commitments and as work from home restrictions lift, it will be interesting to see how technologies, like FloWaste, are adopted into cafeterias.

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Daniel Kriozere

Impact Investment Analyst at One World | Startup Weekend Facilitator | Climate Tech Enthusiast