What is Foodforecast?
Founded in 2018, Foodforecast leverages artificial intelligence to combat food waste within the bakery sector. The company's proprietary AI analyzes historical sales data and incorporates key influencing factors to generate precise automated sales forecasts for the following day's orders. This innovative approach aims to significantly reduce unsold inventory and minimize food spoilage, contributing to a more sustainable food supply chain.
How much funding has Foodforecast raised?
Foodforecast has raised a total of $3.3M across 1 funding round:
Other Financing Round
$3.3M
Other Financing Round (2024): $3.3M with participation from SCALEHOUSE Capital Management, Blue Horizon Ventures, and Future Food Fund
Key Investors in Foodforecast
SCALEHOUSE Capital Management
SCALEHOUSE Capital Management is an early-stage venture capital firm specializing in AI-first B2B software startups, typically leading or participating in seed funding rounds.
Blue Horizon Ventures
Blue Horizon Ventures is a consultancy focused on theatre, culture, hospitality, and leisure, providing strategic solutions for sustainable growth in these sectors.
Future Food Fund
Future Food Fund is a specialist impact fund investing in early-stage food and agriculture technology companies in Western Europe, aiming to transform the food value chain.
What's next for Foodforecast?
The substantial enterprise-level funding and strategic investment indicate Foodforecast's maturity and its potential for significant scaling. With this capital infusion, the company is poised to enhance its AI capabilities, expand its operational reach, and further solidify its position as a leader in food waste reduction technology. Future developments will likely focus on broader market penetration and potentially integrating its AI solutions into other segments of the food retail industry.
See full Foodforecast company page
