Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
September 19, 2022 | Tom Ballard

Crunchbase News reports start-ups raise record amount to reduce food waste

Globally, approximately 30 percent of all food is lost or wasted. In the U.S., meanwhile, it’s estimated that up to 40 percent of all food produced goes uneaten.

Those statistics come from Crunchbase News that also analyzed a sample of companies in its database to conclude that enterprises with business models tied to cutting food waste have raised about $1.85 billion in the past couple years.

What emerged from the analysis were three major themes in food waste investment. They were: (1) technologies to make fresh food last longer; (2) better systems for redistributing surplus or suboptimal foods; and (3) processes for turning food waste into new products.

Click here to learn more.

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!