SHIFT Invest is a Dutch environmental impact venture capital fund that invests in early stage innovations related to food & agriculture, green industries, energy transition and sustainable mobility & logistics.  The investments are focused on achieving a positive environmental impact and financial return. Together with its partners, SHIFT Invest offers entrepreneurs an extensive network and knowledge in various sectors.

SHIFT Invest

Eastern NL is the development company of Eastern Netherlands. We are strengthening the regional economy on behalf of the Ministry of Economic Affairs and Climate and the provinces of Overijssel and Gelderland. We do this by investing with public money in entrepreneurs in the Eastern Netherlands. In addition to these financial resources, Oost NL also makes its knowledge, expertise and network available. We are active in the top sectors Food, Energy, Health and Tech. An optimal balance between financial and social return is of great importance to us. We allow entrepreneurs to innovate, invest and internationalize to accelerate their growth. This is how we ensure the sustainable growth of the regional economy and employment. In addition, we create favorable conditions for solving global, social issues. We offer entrepreneurs money and resources for creating social returns. With focus on sustainability, smart industry and concepts for a healthy life.

OostNL

Founded in 1994, Pymwymic is the “Put Your Money Where Your Meaning Is Community”, a co-owned organisation of European wealth holders who take a frontrunner role in the transition towards investing with care for people and planet. A community that consists of over 150 individuals, families, entrepreneurs and angel investors of different backgrounds, ages and nationalities. We currently invest through the Pymwymic Healthy Ecosystems Impact Fund, a venture capital fund for companies that seek to conserve and restore our ecosystems, with a specific focus on sustainable food systems. By combining our knowledge, passion and money, we bring credibility to the impact investing industry and continuously push for higher standards until investing with care for people and planet is is the new norm.

Pymwymic

Halma Ventures operate as an investment arm of Halma.

Halma Ventures

OneThird

Blockchain, Food Loss, Food Waste, Food Tech, Supply Chain, Big Data, Ag Tech, Digitization, AI, Shelf Life Prediction, Quality Assessment, Fresh Produce, Dynamic Routing, UN SDG 12.3, Spectroscopy, Mobile App, and NIR Spectroscopy

OneThird is a Netherlands-based food tech company that predicts the shelf life of produce using AI. The company offers an AI-powered scanning technology that allows growers, food distributors, retailers, and consumers to predict the shelf life of fresh produce accurately. It provides real-time information to supply chain stakeholders to make informed decisions that minimize food waste, such as optimizing best-before codes, choosing to ship the produce locally or over a shorter distance to maintain shelf-life, or converting the produce into other products like smoothies, dry frozen products, soups, and more.

Tech solutions for achieving global anti-wastage targets

Food Waste

One Third

Hitachi Digital Services, OneThird Tackle Food Waste with Real-Time Data Platform

Hitachi

OneThird has selected Digital Services from Hitachi Vantara, a new entity known as Hitachi Digital Services, to combine its Azure cloud and application expertise with their in-depth understanding of sensing and AI technology and together they created a real-time data insights platform to enable a smarter and more flexible food supply chain.

Startups that prevent food wastage by prolonging the lifetime of food or better managing food production through the supply chain. Companies that develop products such as sanitizers, containers, and machines that allow food to stay fresh longer are included here. Startups that develop algorithms to determine food preservation strategies are also included.

OneThird is a Netherlands-based food tech company that predicts the shelf life of produce using AI. The company offers an AI-powered scanning technology that allows growers, food distributors, retailers, and consumers to predict the shelf life of fresh produce accurately. It provides real-time information to supply chain stakeholders to make informed decisions that minimize food waste, such as optimizing best-before codes, choosing to ship the produce locally or over a shorter distance to maintain shelf-life, or converting the produce into other products like smoothies, dry frozen products, soups, and more.OneThird claims to have developed a different method of predicting shelf life than the typical approach. According to the company, most quality control is based on lab-based measurements like brix or acidity that require destructively testing a sample of the produce. OneThird's method eliminates the need to destroy any part of the produce or send it to the lab. Its handheld scanner can predict shelf life within a second and with an accuracy of +/- 1 day.As of April 2023, the technology covers tomatoes, strawberries, blueberries, and avocados, and is set to expand to a total of ten produce types by late 2023. The company is yet to commercialize successfully and is looking to enter new markets in North America and Europe, as well. The company targets preventing 150 million kg of waste through 2028. In June 2023, has partnered with <a href="https://sp-edge.com/updates/19456">Bakker Barendrecht, </a>the sole supplier of fresh produce for the Dutch supermarket chain Albert Heijn, to deploy its AI-powered scanner technology in Bakker Barendrecht’s supply chain.In March 2023, the company raised USD 3 million in a <a href="https://sp-edge.com/updates/17278">late seed funding </a>round led by Dutch impact investor Pymwymic. In order to expand further, the company plans to secure a Series A funding round in 2024.

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 Apeel Sciences produces edible coatings made of plant materials that extend the lifetime of fruits by 2-3x with the goal of preventing food wastages in regions where there is a lack of refrigeration. According to the company, US retailers that use Apeel experience a 50% reduction in waste alongside a 5%-10% growth in sales on average. As of July 2021, Apeel Sciences reported to have saved around 69 million pieces of produce from going to waste at retail stores by partnering with small family-owned farmers, local organic growers, grocery stores, and large food brands. As of August 2021, the company was offering its solution to a network of 30 suppliers and 40 retailers across eight countries, including the US, UK, Spain, Netherlands, and Kenya. The company focuses on expanding its market presence across North America and the EU. 
 
 
 The company&rsquo;s early years were supported by a Bill and Melinda Gates Foundation grant of USD 100,000 in 2012 and Andreessen Horowitz, which led the company&rsquo;s 2016 Series B funding round. Celebrities such as Oprah Winfrey and Katy Perry have also invested in Apeel.
 
 
 In May 2020, Apeel announced plans to expand to Sub-Saharan Africa, Central, and South America&mdash;all regions where food wastage is increasing. In May 2021, Apeel Sciences acquired startup Impact Vision for an undisclosed amount. Impact vision&rsquo;s technology allows suppliers to see inside their fresh produce and ultimately reduce post-harvest loss, optimize distribution, while continuing to extend shelf-life. 
 
 
 In August 2021, the company raised USD 250 million in a Series E funding round led by Temasek at USD 2 billion valuation. The company expects to use the funds to expand its product distribution across the US, UK, and Europe by accelerating deployment of its product across its existing supplier network and by partnering with 10 new suppliers by the end of 2021. The company also plans to use the funds to strengthen its data and insights offering and support its future acquisition plans.
 
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Apeel Sciences

Shelf Engine provides demand forecasting tools for perishable food items to reduce inefficiencies in the ordering system and minimize overall costs. According to Shelf Engine, more than 30% of highly perishable foods in grocery stores such as meat and vegetables expire before the sell-by date. Shelf Engine’s scan-based trade (SBT) technology guarantees sales and pays for any items that remain unsold. Via the SBT, Shelf Engine manages orders, pays vendors, and only charges the retailer for what sells while still paying suppliers for their full order and increasing its accuracy over time. Shelf generates revenue by charging a mark-up on the product from the vendor to the retailer.The pandemic benefited Shelf Engine as grocers found it difficult to manage orders during lockdown. In March 2021, Shelf Engine raised USD 41 million in a Series B funding round led by General Catalyst to further invest in its growing team of engineers, data scientists, and supply chain automation experts. As of March 2021, Shelf Engine operated in more than 2,000 grocery stores and claimed to increase profit margins by more than 50% by reducing food waste by as much as 32%.

Shelf Engine

Afresh began as a research project in 2017 to develop AI-powered software that optimizes the entire food supply chain. Specifically, the company offers an in-store solution for grocery stores that applies artificial intelligence to manage the freshness of food. According to the company, implementation of its technology has led to a 25%–45% reduction of in-store food waste and increased gross margin of fresh produce sales by 4 percentage points. The company generates revenue under a SaaS model. I n <a href="https://sp-edge.com/updates/16835">March 2023, </a>the company expanded into fresh departments, including meat, seafood, deli, and food service.Some of Afresh's key customers include Fresh Thyme Market, WinCo Foods, and Heinen’s. In 2019, the company also reported that it had established partnerships with three US grocery chains, each with more than 100 stores in operation. The company also collaborated with Bashas’ Supermarkets Inc. (a chain of grocery stores based in North America with over 100 stores) in September 2021 and New Season Market (a chain of 19 privately owned grocery stores) in October 2021 to pilot the “Afresh AI-driven software solution” at selected stores. In <a href="https://sp-edge.com/updates/15786">January 2023 </a>, Afresh and Albertsons Companies announced the completion of an enterprise rollout of the Afresh predictive ordering and inventory management platform. As of January 2023, the company’s technology was deployed across 3,000 stores in 40 states in the US, and it also reported that it was able to triple its customer base in 2021. Afresh notes that it is on track to help retailers save 34 million pounds of food waste by the end of 2022.In August 2022, AFresh raised USD 115 million in a <a href="https://sp-edge.com/updates/12187">Series B </a>funding round led by Spark Capital. Following the USD 13 million funding round in November 2020, the company was valued at USD 100 million.

AFresh

UK-based Winnow Solutions identifies and measures waste in commercial kitchens. The company records the reason for the waste, calculates the value of the wasted food, and keeps track of this data in the cloud. The company’s self-titled product shares technology with autonomous vehicles, using cameras to record and learn about food being wasted and calculate the financial and environmental cost of this discarded food. Winnow Vision also provides a Waste Monitor solution to help kitchen staff track how and what food is wasted to adjust their spending on food ingredients and eliminate overproduction.Key customers and partnershipsWinnow’s customers include the catering company <a href="https://sp-edge.com/updates/5386">ISS</a> and hotels such as Accor, Fairmont, The Westin, Four Seasons, and Hilton Tokyo Bay. As of June 2023, Winnow claims that its AI solution has so far saved customers USD 174 million and cut 217,000 tons of CO2 emissions worldwide, equivalent to taking nearly 50,000 cars off the road for a year.Funding and financials<a href="https://sp-edge.com/updates/27315">In March 2024</a>, the company raised an undisclosed amount from ABC Impact to accelerate its expansion into the Asian market. Previously, In June 2023, the company raised USD 10 million in a Series C funding round led by ArcTern Ventures.

Winnow Solutions

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 Hazel Technologies is a United States Department of Agriculture (USDA)-funded technology company that develops a packaging which releases vapors that slow the aging process and prevent fungus or decay. Its solution is claimed to double the shelf-life of produce. Hazel operates a B2B business that targets large enterprises. The company has reported treating 700 million pounds of produce as of 2019, saving about 60 million pounds from going bad in 2019 alone. The company has a target to save one billion pounds of produce from going to waste by the end of 2021. Hazel operates in 12 countries including the US and Chile (entered in October 2020). 
 
 
 Hazel works with around 250 foodservice providers and produce companies including the likes of Sysco, Mission Produce, Zespri, Calavo, and Oppy. The company reported in 2019 that it plans to develop new products such as antimicrobial packaging for berries, grapes, and other fruit, and also expects to launch its shelf-life extension technology for meat products.
 
 
 Since 2016, the company has received a total of USD 1.5 million from the USDA to develop its technology. Hazel received the USDA funding in December 2020 for solving the problem of unwanted sprouting in potatoes. In April 2021, the company announced that it had closed a USD 70 million Series C financing round led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), and Temasek, to expand operations across Southeast Asia, Africa, and the EU. 
 
 
 
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Hazel technologies

These startups ensure work to reroute surplus food to different sets of end-users including charity organizations and consumers seeking discounted items. This segment mainly consists of on-demand online platforms that connect producers, retailers, and restaurants with consumers via mobile app.

Startups that recycle food waste for industrial uses such as soil enrichment.

Startups that recycle food waste into edible food and beverages.

Solutions that keep food waste out of landfills

Recycling and upcycling food waste to keep them out of landfills

IoT-enabled waste prevention techniques for purposes such as longer shelf-life and inventory management

Waste prevention analysis platforms use AI/ML

One Third

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