The Bowen HeraldThe Bowen Herald
  • News
  • Global News
    • Europe
      • France
      • Germany
      • Russia
      • Ukraine
      • Turkey
      • Balkans
      • Nordic States
    • North America
    • Middle East
      • Saudi Arabia
      • UAE
      • Qatar
      • Israel
      • Lebanon
      • Oman
    • Africa
      • North Africa
        • Sahel
        • Egypt
      • Central Africa
      • South Africa
    • Asia
      • China
      • Sri Lanka
      • India
      • South Korea
      • North Korea
      • Bangladesh
      • Indonesia
      • Afghanistan
      • Pakistan
    • South America
  • Defence
  • Economy
  • Op-ed
  • Science
  • Sports
  • Lifestyle

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

10 Budget-Friendly Destinations To Visit In Canada This Fall

September 30, 2023

Why Los Angeles Has Avoided the Migrant Crisis Hitting New York

September 29, 2023

“NCIS pathologist” David McCallum dies at 90

September 28, 2023
Facebook X (Twitter) Instagram
Trending
  • 10 Budget-Friendly Destinations To Visit In Canada This Fall
  • Why Los Angeles Has Avoided the Migrant Crisis Hitting New York
  • “NCIS pathologist” David McCallum dies at 90
  • Biden at the UN Urges the World to Stand Firm in Support of Ukraine’s Fight Against Russian Invasion
  • Factbox-Some Republican 2024 Presidential Candidates’ Reaction to the UAW Strike
  • Exclusive-Vietnam Activists to Seek US Refuge After Biden Administration Deal -US Officials
  • Trump Co-defendant Jeffrey Clark Seeks to Move Georgia Election Case to Federal Court
  • As Marines Continue to Search for F-35 After ‘Mishap,’ Officials Order 2-day Stand-Down for All Jets
Facebook X (Twitter) Instagram
The Bowen HeraldThe Bowen Herald
  • News
  • Global News
    • Europe
      • France
      • Germany
      • Russia
      • Ukraine
      • Turkey
      • Balkans
      • Nordic States
    • North America
    • Middle East
      • Saudi Arabia
      • UAE
      • Qatar
      • Israel
      • Lebanon
      • Oman
    • Africa
      • North Africa
        • Sahel
        • Egypt
      • Central Africa
      • South Africa
    • Asia
      • China
      • Sri Lanka
      • India
      • South Korea
      • North Korea
      • Bangladesh
      • Indonesia
      • Afghanistan
      • Pakistan
    • South America
  • Defence
  • Economy
  • Op-ed
  • Science
  • Sports
  • Lifestyle
The Bowen HeraldThe Bowen Herald
Home » Dutch Startup Onethird Secures €2.75 Million to Address the Global Trillion Dollar Food Waste Problem
Business

Dutch Startup Onethird Secures €2.75 Million to Address the Global Trillion Dollar Food Waste Problem

By Fernando SantosApril 20, 2023No Comments0 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

FoodTech startup OneThird wants to tackle our globally inefficient and wasteful food supply system. The Dutch team has just secured €2.75 million to scale.

One-third of all food produced is lost due to spoilage, and it comes at both a human and economic cost. It’s estimated that this level of food waste comes at a cost of $1 trillion and about 40% of the food wasted is fresh, edible produce. While this wastage is happening, there are millions around the world suffering from a lack of food security, and facing famine.

Spurred on by the challenge to tackle this global issue is OneThird. The Dutch foodtech team are using AI to minimize food wastage. Now, the startup has secured €2.75 million in a late-seed funding round, bringing its total funding raised to €5.75 million.

Marco Snikkers, CEO and founder of OneThird: “Global food waste has an enormous environmental impact; reducing global food waste can help to reduce global greenhouse gas emissions and embolden global food security. One-third of global food produced annually is lost or wasted, which is an astronomical volume given the number of people worldwide who go to bed hungry. Global food waste is both inefficient and a major social justice issue — one that is compounded across multiple touchpoints in the supply chain — from agricultural production all the way to the landfill.”

The funding was led by impact investor Pymwymic, with participation from prior investors Halma Ventures Limited, SHIFT Invest and Oost NL.

Sophie Pickering, Investment Manager at Pymwymic: “Increasing food security is key to supporting a growing global population. We’re excited by the possibilities OneThird’s technology presents in tackling the alarming quantities of global food loss across the supply chain.”

Launched in 2019, OneThird’s AI-powered, near-infrared scanning technology enables growers, food distributors, retailers and consumers to accurately predict the shelf life of fresh produce and minimize food waste. Currently, it’s able to predict the shelf life of tomatoes, strawberries, blueberries and avocados. The plan to is extend to ten types of produce by the end of 2023.

The UN reports that one-third of food brought to market is currently wasted – and about 40% of that food is fresh produce. It’s a shocking statistic, and simply unsustainable. Food waste is now viewed as a major sustainable development challenge and we urgently need to take action.

Based in Enschede, OneThird wants to deliver a meaningful solution to improve sustainability efforts, feed those in need, and save customers money.

The tech has been proven to reduce up to 25% of food waste across the produce supply chain. It provides different stakeholders with real-time information to help them make smarter decisions, such as optimizing best-before codes, opting to ship locally or within a shorter trucking distance to maintain shelf-life, or choosing to divert produce that would otherwise spoil by turning it into smoothies, dry frozen products, soups and more.

With his new investment, the innovative team plan to scale its technology and operations to expand to new markets – notably growing within Europe and North America.

Marco Snikkers: “The latest seed funding we’ve received will allow us to accelerate the implementation of OneThird’s technology beyond our initial customer base, expand internationally and increase the impact we can create for our customers to help them generate higher ROI, and also meet their sustainability and ESG goals.”

Source: eu-startups

Dutch FoodTech OneThird Start Up
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Fernando Santos

Related Posts

“NCIS pathologist” David McCallum dies at 90

September 28, 2023

Tajikistan: Prominent Members of Pamiri Minority Arbitrarily Detained, Tortured and Unfairly Convicted

September 23, 2023

Tajikistan: Enlistment-Dodging Pushes Military Recruiters to Use Devious Methods

September 21, 2023
Top Posts

Kenes Rakishev and Monnet Group to build a new plant in Kazakhstan

January 13, 202340

Republican and Democrat leaders urge Biden to add Nigeria to list of countries violating religious freedom

February 3, 202327

Tajikistan: Decree bans funerals for alleged “terrorists”, denies relatives bodies

June 13, 202321

New Kazakhstan, New Democracy

April 2, 202321
Don't Miss
Canada

10 Budget-Friendly Destinations To Visit In Canada This Fall

By Matthew BerrySeptember 30, 20231

These cheap destinations in Canada in the fall are exciting and affordable, and some even…

Why Los Angeles Has Avoided the Migrant Crisis Hitting New York

September 29, 2023

“NCIS pathologist” David McCallum dies at 90

September 28, 2023

Biden at the UN Urges the World to Stand Firm in Support of Ukraine’s Fight Against Russian Invasion

September 28, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook X (Twitter) Instagram Pinterest
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact Us
  • Creative Commons
© 2023 The Bowen Herald

Type above and press Enter to search. Press Esc to cancel.