Revolutionizing the Food Industry: foodforecast Raises €3M to Combat Food Waste and Drive Efficiency with AI

We are excited to announce that foodforecast has successfully raised €3,000,000 in our latest funding round, a significant milestone in our mission to revolutionize the food industry with innovative artificial intelligence solutions. As champions of sustainability, we are acutely aware of the staggering 11 million tons of food wasted each year in Germany—an amount equivalent to 36 times the weight of the iconic Cologne Cathedral. Our custom-designed AI technology is at the forefront of addressing this critical issue by offering precise demand forecasts tailored for bakeries, restaurants, and retailers. This enables them to make informed decisions about how much food to order or produce, thereby dramatically reducing food waste. With our funding, we aim to further scale our operations, enhance our AI capabilities, and ultimately empower more businesses to adopt smart practices that not only save costs but also contribute to a sustainable future. The data speaks for itself: clients using foodforecast can experience up to a 30% reduction in food waste, an 11% increase in turnover, and enjoy fully automated processes that cut staff costs by 15%. With this new capital, we are poised to expand our impact, helping to create a more efficient and sustainable food ecosystem while supporting businesses to thrive in today's competitive market. We are grateful for the trust of our investors and look forward to driving significant change in the food industry together.