OneThird, a Netherlands-based startup that uses AI to predict produce shelf life, raised €2.75M (~$2.96M).
The company plans to expand its technology to work for ten types of produce by the end of the year.
The startup claims its tech can reduce up to 25% of food waste across the supply chain.
- OneThird plans to expand to new markets in Europe and North America.
- The round was led by Pymwymic, with participation from follow-on investors Halma Ventures Limited, Oost NL, and SHIFT Invest.
- Food waste reportedly costs $1T, of which 40% consists of fresh produce.
