Winnow raises further $7.4M for its bright kitchen tech that reduces commercial food waste

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Source:   —  October 22, 2017, at 8:02 PM

It follows a $3.3 million Series A circular in January two thousand sixteen. Launched in May two thousand thirteen, Winnow is on a mission to proposal the hospitality industry technology to assistance slice down on food waste by making commercial kitchens ‘smarter.’ It does this via the Winnow Waste Monitor, a set of bright scales and accompanying tablet app that lets kitchen staff easily log what food is thrown away.

Winnow raises further $7.4M for its bright kitchen tech that reduces commercial food waste

Maintain this growth, the company is disclosing it's raised $7.4 million in further funding, in a circular co-led by Circularity Capital, and existing backers Mustard Seed, and D-Ax. It follows a $3.3 million Series A circular in January 2016.

Launched in May two thousand thirteen, Winnow is on a mission to proposal the hospitality industry technology to assistance slice down on food waste by making commercial kitchens ‘smarter.’ It does this via the Winnow Waste Monitor, a set of bright scales and accompanying tablet app that lets kitchen staff easily log what food is thrown away. That data is then uploaded to the cloud, analysed by Winnow’s algorithm, and disseminated so that food waste can be reduced.

Or, as Winnow founder and CEO Marc Zornes likes to keep it, what gets measured, gets managed, with the startup claiming that food waste costs kitchens between 5-20 % of all food purchased.

That obviously has a enormous environmental impact but also eats into the margins of restaurants and kitchens, which tend to be incredibly thinly to start with. Once its tech is installed, Winnows says that customers typically look food waste slice in half within twelve months, reducing food purchasing costs by 3-8 per cent.

In a TEDx speak in London in late two thousand fifteen (embedded below), Zornes, who previously worked on food and sustainability for McKinsey, talked up the many opportunities that tech provides to make better the food supply chain, arguing that for-profit companies can still be a force for good. “We’re portion of a tiny but growing community of entrepreneurs that are trying to solve this issue, and I invite you to connect us,” he told the audience.

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