Save Foods

Based in Israel, Save Foods produces a patented mix of food acids that protect fresh fruit and vegetables from microbial spoilage and pathogens. The company offers two products: SavePROTECT and PeroStar, which can be diluted in water and applied on fruits and vegetables even using existing equipment such as sprayers. The chemicals are approved by the US FDA and have received the Generally Recognized As Safe (GRAS) certification. Save Foods claims that its products are safe for consumption and has reduced spoilage by 50% at retail stores. The company also claims that using its products on lime is likely to result in 90% less decay and resultantly around 4% increase in profits.

As of January 2022, the company has conducted nine successful pilot trials with five commercial partners, and has treated more than 250,000 tons of fruit across the US, Mexico, Spain, Italy, and Israel. Save Foods’ commercial partners are SCiFarms, Mor International (Sharon Fruits), Planet Ag, Galilee Export and Sun Pacific (for the Cuties and 2B Fresh brands). As of September 2021, the company had seven patents granted and had seven more pending approval in Israel, the US, and Europe. Four of the pending patents are expected to be submitted for approval globally.

In June 2021, SCiFarms (a lime producer in the U.S., Canadian and European market) announced that following the successful pilot with Save Foods, it will use SavePROTECT across all its packing houses. During FY2020, the company reported a YoY revenue growth rate of 32% achieving a total sales of USD 232,274. Operating losses during the year amounted to USD 1.3 million.

In May 2021, the company raised USD 12 million via its IPO and was listed on NASDAQ. The company plans to use the IPO proceeds for research and development, to accelerate product commercialization and increase the scale of its business.