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.
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