6 years ago

Winnow Secures $12 Million Series B Funding to Combat Food Waste in Commercial Kitchens

  • Winnow, a UK-based startup that develops smart kitchen tech to reduce food waste in commercial kitchens, has secured $12 million in Series B funding

  • The round was led by Ingka Group, a strategic partner to the Ikea franchisee system, and included participation from Mustard Seed, Circularity Capital, D: Ax, and The Ingenious Group

  • This follows a recent $8 million loan from the European Investment Bank (EIB), bringing Winnow's total capital raised in the last month to $20 million

  • Winnow's technology uses computer vision to track food waste, enabling kitchens to make better inventory decisions and reduce waste by 40-70%

  • The new funding will be used to further improve Winnow's technology and focus on product development, including investing in new QA engineers to enhance development and front-end developers to improve its reporting features.

      • ProblemTechnology

      "Commercial kitchens throw away a huge amount of food every day. This costs them money and is bad for the environment."

      Solution

      "Winnow provides technology that uses computer vision to track food waste in commercial kitchens. This data helps kitchens make better decisions about what to order and how to prepare food, reducing waste and saving money."

      Covered on