Atlantic Labs is a European first round investor, headquartered in Berlin. We believe entrepreneurs shape the future, and work hard to support ambitious founders throughout their entire entrepreneurial journey.  Since 2013, we have led over 150 first round investments – backing category creators such as Soundcloud, GetYourGuide, Clue, Vimcar, Zenjob, Choco and Wandelbots. Emerging technologies excite us as much as startups tackling social challenges. Recent investments have focused on decarbonisation, artificial intelligence, and industrial automation.

Atlantic Labs

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. Their portfolio includes pinterest, shopify, twilio, yelp, linkedin, pagerduty, docusign, wix, fiverr, and toast, and has $19 billion of assets under management.

Bessemer Venture Partners

Target Global is a prominent European technology investment firm with a significant presence in the venture capital landscape, boasting over €3 billion in assets under management.  The firm operates out of key tech hubs including London, Berlin, Tel Aviv, and Abu Dhabi, and has a rich portfolio featuring some of Europe's most successful tech companies such as Revolut, Auto1, Copper, Delivery Hero, Docplanner, and Rapyd. Founding and Growth Target Global was established in 2015 by Shmuel Chafets and Yaron Valler, who brought a wealth of experience from their tenure at Hasso Plattner Ventures. Their professional partnership dates back 15 years to their time at Giza Venture Capital, a trailblazer in Israel's investment ecosystem, where they honed their investment acumen and industry foresight. Investment Philosophy and Impact Target Global stands out in the European tech industry for its diverse team and its ability to identify and capitalize on unique opportunities. The firm's knack for recognizing potential in the early stages of Germany's tech economy led to the emergence of several unicorns in the 2010s. As the European tech industry evolves, Target Global remains at the forefront, seeking out innovative companies like Robovision, Saleor, and Finom. These recent investments reflect the firm's commitment to supporting cutting-edge technology and business models. Fundraising Successes Target Global's fundraising prowess is evident in its six investment funds, which have collectively raised significant capital. The funds range from Early Stage Funds, focusing on nascent startups, to Growth Funds that support more mature companies scaling their operations. The firm's co-investment strategy has led to over €1 billion in capital deployment across a diverse array of partnerships. Backing and Achievements With the backing of investors such as FERI, UBS, Allianz X, Mubadala, and Hermes GPE, Target Global has cemented its reputation as a trusted and successful investment firm. Its portfolio spans over 140 companies at various development stages, with a focus on those targeting trillion-dollar markets. Just a few of the many notable companies in the firm’s portfolio include: - Tarabut, MENA’s leading open banking platform, which was recently featured in Forbes Middle East’s list of Top 50 Fintech Companies. - Flo Health, an AI-driven women’s health product, which is the world’s top health and fitness app by downloads. - Robovision, an easy-to-use AI-driven computer vision platform for users to develop their own deep-learning-based solutions. - Enter, a German company that helps homeowners and businesses reduce their carbon footprint. Target Global's track record includes support for 15 unicorn companies, over 20 exits, and 7 IPOs, showcasing its ability to drive growth and success in the European tech ecosystem. The team, comprised of individuals with founder and operator backgrounds, continues to pursue exceptional opportunities to expand the firm's portfolio and influence. Target Global's journey from its inception to its current status as a key player in European venture capital is marked by strategic investments, a commitment to diversity, and a deep understanding of the tech industry's dynamics. With a clear vision for the future, Target Global is poised to continue its role in shaping the next wave of European tech giants.

Target Global

Greyhound is a specialist growth equity investment firm. By focusing on long-term concentrated investments, we partner with outstanding management teams to help build enduring companies that improve everyday lives. The firm manages assets on behalf of institutional investors, non-profit organizations and individuals. Since 2017, Greyhound has backed notable companies including Revolut, Guideline, Freee, Brex, Toss, TravelPerk, N26, Weee!, Satispay, DriveWealth and WealthNavi.

Greyhound Capital

MPGI is a private holding that invests in disruptive technology companies globally. Its portfolio companies have collectively raised over US$ 2.5 billion in capital, employ over 8,000 people and have operations in 30 countries across six continents.

MPGI

Visionaries Club is a leading European early-stage VC fund with offices in London and Berlin, focusing on B2B with its flagship funds and climate deep tech with its Visionaries Tomorrow Fund. It unites the strongest network of successful digital entrepreneurs as well as Europe’s family business dynasties in a venture capital fund to invest in the next generation of founders.  Visionaries Club is divided into two core funds: A € 150m seed stage fund leveraging its unicorn and digital founder LP base for very early and exclusive access to the most promising entrepreneurs across Europe. A €200m Early Growth fund leveraging especially the fund's industrial family business LP network is intended to support the most promising European B2B companies in their early growth stage from Series B onwards with global reach and scale. The firm was founded in 2019 by Robert Lacher and Sebastian Pollok and has offices in Berlin and London.

Visionaries Club

Micro VC supporting outstanding technology entrepreneurs across the globe.

Discovery Ventures

Coatue is a privately owned hedge fund sponsor. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. It employs a long or short strategy to make its investments.

Coatue

Left Lane Capital is a venture capital and seed-growth equity firm that invests in high-growth internet and consumer technology businesses that are fundamental to the human condition and spirit – where customers maintain a long-term relationship with the product, platform, or service.

Left Lane Capital

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Insight has a deep focus in Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare sectors. Across their people and their portfolio, they encourage a culture around a core belief growth equals opportunity. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.

Insight Partners

Founded in 2011, G Squared is aligned with a fundamental shift: venture-backed companies stay private longer. As a result, private companies need both primary capital to continue their growth trajectory and transitional capital to provide liquidity to early investors, current and former employees, and other sellers. Positioned at the crux of this liquidity access challenge, G Squared partners with portfolio companies throughout their lifecycle using a fundamentally different approach than traditional VCs. The company invests in companies that challenge the status quo and demonstrate a clear path to superior returns, partnering with world-class entrepreneurs tackling big problems. G Squared funds have invested in household names such as 23andMe, Coursera, Instacart, Lyft, Pinterest, and Spotify, as well as in the next generation of disruptors, including Asana, Blend, Bolt, Brex, Capsule, Flexport, Impossible Foods, Toast, and Turo.

G Squared

Choco

Choco develops an ingredient ordering application designed to connect restaurants and suppliers. Their application offers an interface reminiscent of popular consumer apps, with a messenger-like chat interface for communication between suppliers and restaurants and a post-mates-like ordering list that makes ordering easy, enabling restaurants to get their food delivery application for getting ingredients from suppliers.

Based in Berlin, Choco is an&nbsp;AI-powered&nbsp;ordering platform that connects restaurants and suppliers. Choco’s app and web platform digitizes the ordering process of ingredients and increases communication to avoid ordering too much and reduces food waste. The Choco app can be used free of charge by both restaurants and suppliers but a premium is charged to suppliers if they wish to integrate the app into their enterprise resource planning systems.&nbsp;

Tech solutions for achieving global anti-wastage targets

Food Waste

Choco Introduces New Sales Rep App for Food Distributors

Based in Berlin, Choco is an&nbsp;AI-powered&nbsp;ordering platform that connects restaurants and suppliers. Choco’s app and web platform digitizes the ordering process of ingredients and increases communication to avoid ordering too much and reduces food waste. The Choco app can be used free of charge by both restaurants and suppliers but a premium is charged to suppliers if they wish to integrate the app into their enterprise resource planning systems.&nbsp;As of October 2024, the company had over 10,000 active restaurants and suppliers on its platform across the US, Germany, France, Spain, Austria, and Belgium. Choco also expected to expand its services to new markets such as Latin America, the Middle East, and Asia.&nbsp;As of October 2024, Choco had worked with over 10,000 distributors and 15,000 chefs and processed over 500,000 orders per month.Key customers and partnerships&nbsp;Choco partnered with Dot Foods to streamline its supply chain using AI technology in April 2024. Following this, Choco partnered with Unipro to offer AI-driven order management technology to over 450 Unipro members in July 2024.

Apeel Sciences is a California-based food technology company that produces edible coatings made of plant materials that extend the lifetime of fruits by 2x–3x to prevent food wastage in regions where refrigeration is scarce.&nbsp;The coatings are intended for use on fruits and vegetables, with a primary focus on avocados, apples, mangos, cucumbers, and citrus fruits.&nbsp;According to the company, US retailers that used Apeel experienced a 50% reduction in waste alongside a 5%–10% growth in sales on average. As of&nbsp;April 2024, Apeel Sciences reported to have saved&nbsp;over&nbsp;60 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.&nbsp;As of October&nbsp;2024, 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.In May 2020, Apeel announced plans to expand to Sub-Saharan Africa, Central, and South America—all regions where food wastage was increasing.&nbsp;Following this, Apeel expanded to Sub-Saharan Africa in 2022 and began its expansion to South America in 2024.In May 2021, Apeel Sciences acquired&nbsp;the&nbsp;startup Impact Vision for an undisclosed amount. Impact Vision’s technology allows suppliers to see inside their fresh produce and ultimately reduce post-harvest loss and optimize distribution while continuing to extend shelf life.&nbsp;Key customers and partnerships&nbsp;Apeel has partnered with various distributors for the distribution of its avocados, including The Kroger Company in September 2018 for Cincinnati, Calavo Growers in January 2021, and Nature’s Pride for Europe in March 2021.&nbsp;The company also collaborated with Topline Farms in February 2023 for the development of the Apeel-Protected Mini Cucumber and licensed its coating technology to Limoneira in May 2023 for use on lemons.&nbsp;

Apeel Sciences

Shelf Engine provides demand forecasting tools,&nbsp;which leverage AI and machine learning, 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 markup on the product from the vendor to the retailer.As of October 2024, Shelf Engine operated in more than 3,000 grocery stores and claimed to increase profit margins by more than 50% by reducing food waste by as much as 32%.&nbsp;Shelf Engine also reported that it prevented 5.2 million lbs of food wastage, decreased 8,200 tons of CO2, and saved 500 million gallons of water.Key customers and partnershipsIn January 2024, Shelf Engine partnered with Dollar General to implement fully automated AI-powered ordering for produce, aiming to enhance inventory management and reduce food waste across Dollar General's stores. This collaboration would leverage Shelf Engine's technology to optimize ordering processes and improve the freshness of perishable items.Shelf Engine also worked with supermarket and grocery chains Whole Foods, Target, Kroger, Walmart, Ralphs, Harmons, and Bi‑Rite to manage orders and reduce food waste.

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, the 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. In&nbsp;<a href="https://sp-edge.com/updates/16835">March 2023,</a> the company expanded into fresh departments, including meat, seafood, deli, and food service.As of&nbsp;October 2024, the company’s technology was deployed across 3,000 stores in 40 states in the US and it reported that it was able to triple its customer base in 2021.&nbsp;Afresh also reported that it prevented 44 million lbs of food wastage as of 2024 while reducing 24 million kg of CO2 emissions and saving 886 million gallons of water.Key customers and partnershipsSome 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.&nbsp;&nbsp;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 December 2022, Afresh partnered with SpartanNash to pilot the AI-powered Afresh platform at 10 of SpartanNash’s Family Fare grocery stores.&nbsp;&nbsp;In&nbsp;<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.&nbsp;Afresh also partnered with Albertsons Companies again in October 2024 for the launch of Afresh DC Forecasts, where Albertsons was its first customer.

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.As of October 2024, Winnow Solutions reported that it had annually saved over 50 million meals, reduced 87,000 tons of CO2, and saved USD 70 million for customers.Key customers and partnershipsWinnow’s customers include the catering company&nbsp;<a href="https://sp-edge.com/updates/5386">ISS</a> and hotels such as Accor, Fairmont, The Westin, Four Seasons, and Hilton Tokyo Bay.&nbsp;In September 2023, Winnow Solutions partnered with Ne’ma, the UAE’s National Food Loss and Waste Initiative, to support Ne’ma with data, benchmarking, and best practices for the hotels, restaurants, and catering (HoReCa) sector.&nbsp; Following this, Winnow was selected as a preferred food waste management vendor by Dayblink GPO in November 2023.

Winnow Solutions

Hazel Technologies is a United States Department of Agriculture (USDA)-funded technology company that develops packaging that 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&nbsp;5 billion lbs of produce as of October 2024, saving about 4 billion lbs from going bad. The company has a target to save one billion&nbsp;lbs of produce from going to waste by the end of 2021. Hazel operates in&nbsp;13 countries&nbsp;across the US, South America, and Europe, as of October 2024.&nbsp;Hazel works with around 250 food service and produce companies including the likes of Sysco, Mission Produce, Zespri, Calavo, and Oppy.&nbsp;As of October 2024, the company offers Hazel Endure, its antimicrobial packaging for berries, grapes, and other fruit, which uses an anti-fungal pad to extend the shelf life and quality of fruits and other produce.Key customers and partnershipsHazel Technologies has formed several partnerships to reduce food waste and extend the shelf life of various produce. These included collaborations with Mission Produce for avocados in July 2020, Migiva Group for grape trials in March 2021, Specialty Crop Company for figs and Symms Fruit for apples in May 2021, Oppy and Brar Farms for California-grown table grapes in July 2022, and Kliewer Farms for kiwifruit in November 2022.

Hazel Technologies

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.

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

Choco

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