OneThird, a Netherlands-based food tech company that predicts the shelf life of produce using AI, has raised USD 3 million in a late-seed funding round led by Dutch impact investor Pymwymic, with participation from existing investors, including Halma Ventures Limited, SHIFT Invest, and Oost NL. The round brings OneThird's total funding to USD 6.1 million.

The company intends to use the funds to scale its technology and operations, enter new markets in North America and Europe, and increase its impact on customers in achieving their sustainability and ESG objectives while generating a higher ROI. 

Founded in 2019, OneThird offers AI-powered scanning technology that allows growers, food distributors, retailers, and consumers to predict the shelf life of fresh produce accurately. The technology currently covers tomatoes, strawberries, blueberries, and avocados, and is set to expand to a total of ten produce types by late 2023. 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.