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      <p>
        Foodsi, a Poland-based food surplus marketplace, has raised EUR 1.2 million (~USD 1.3 million) in a seed funding extension round from investors including AIP Seed, Satus Starter, and AC/VC Impact Fund. The extension brings the total seed round value to over EUR 2.5 million (~USD 2.7 million).
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      <p>
        The funding will continue growth, expand product and sales teams, increase operational efficiency, and prepare for its Series A funding round.
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      <p>
        Foodsi&rsquo;s platform operates across major Polish cities with over 6,000 partnering venues, including Carrefour, Wedel, and Etno Cafe. The company reports its app has nearly 2 million users who have saved almost 5 million food packages worth tens of millions of euros since launch.
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  <p>
    <a href="https://www.eu-startups.com/2024/10/warsaw-based-foodsi-raises-e1-2-million-to-combat-food-waste-in-restaurants-and-stores/">
      EU-Startups
    </a>
  </p>
  <p>
    <a href="https://tech.eu/2024/10/29/foodsi-extends-seed-by-1-2m-to-combat-food-waste/">
      Tech.eu
    </a>
  </p>
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Food Waste

<div>
 <p>Foodsi, a food surplus marketplace based in Poland, has secured an additional EUR 1.2 million (~USD 1.3 million) in a seed funding extension round. This funding was raised from investors like Satus Starter, AC/VC Impact Fund, and AIP Seed. Consequently, the total value of the seed round has increased to over EUR 2.5 million (~USD 2.7 million).</p>
 <p> The funds raised will be channeled towards facilitating the company's growth, broadening its product and sales teams, enhancing operational efficiency, and preparing for an upcoming Series A funding round.</p>
 <p>Currently, Foodsi operates its platform across many major cities in Poland. It has strategic partnerships with over 6,000 venues, including large chains like Carrefour, Wedel, and Etno Cafe. The company's app boasts close to 2 million users who have collectively saved nearly 5 million food packages since its launch. These savings translate into tens of millions of euros.</p>
</div>

Foodsi raises EUR 1.2 million in seed funding extension to expand operations

PROMINENT_CATEGORY

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 <p>BioMush, a food tech company from Finland, has created a technology that uses solid-state fermentation to turn food industry waste into umami-flavored ingredients. They have raised USD 3.08 million and showcased their first demo-scale bioreactor at the Future Food-Tech event in London.</p>
 <p>The technology utilises fungi converting food waste into natural flavoring solutions for plant-based foods. BioMush reports that their technology includes a bioreactor that can be incorporated directly into production sites, thus eliminating the transport of waste. The system can be customised according to clients' flavor preferences.</p>
 <p>The company suggests it provides competitive production costs compared to traditional food additives, alongside reducing industry waste. It has the potential to enhance the flavor of foods to promote consumption of plant-based diets. BioMush has additionally collaborated with Japan Airlines to incorporate umami ingredients into their vegetarian airborne menu offerings.</p>

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BioMush launches solid-state fermentation technology for umami ingredients

INCUMBENTS_PRESENT

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 <p>Too Good To Go, a Danish company, and a group of over 30 food businesses, such as Nestlé, Tesco, and Sainsbury's, have written to the UK Environment Secretary. They are urging the government to make food waste reporting mandatory for companies. Too Good To Go connects consumers to restaurants that have surplus food.</p>
 <p>Too Good To Go and the British Retail Consortium are leading this initiative. They aim to reduce food waste across the nation. The proposed mandatory reporting would apply to food companies above a certain size, but not to farmers.</p>
 <p>The UK Government has made a promise to halve food waste by 2030, according to the UN Sustainable Development Goals. A recent public consultation indicated that 80% of respondents support mandatory food waste measurement and disclosure for large businesses.</p>
 
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Too Good to Go leads call for mandatory food waste reporting in UK

<div>
 <p>Power Knot LLC, a waste management solutions developer, has introduced the BCG-150, an industrial grinder purpose-built to grind tough materials including bones and fruit pits. This makes these materials plain sailing to process through food waste digesters or dispose of in an eco-friendly way.</p>
 <p>The BCG-150 involves a specialized stainless steel hopper and heat-treated knives for long-lasting use. It can manage up to 100 kg (200 lb) in an hour, accept items up to 40 cm (16") long, and is compatible with LFC-1000 and LFC-2000 biodigesters. The grinder can even process challenging waste like pineapple heads and lemongrass, substantially improving the digestion rate for food waste digesters.</p>
 <p>According to Power Knot, the BCG-150 helps users elevate efficiency and cut down digestion time by preprocessing stubborn waste materials. When teamed up with large biodigesters, it ostensibly aids in surpassing their stated capacities.</p>
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Power Knot launches BCG-150 industrial grinder for waste processing

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 <p>UK anaerobic digestion operator, BioteCH4, has secured a food waste recycling services contract with Lincolnshire County Council. The contract, commencing in Q3 2025, involves BioteCH4 collecting up to 50,000 tonnes of food waste annually from Lincolnshire homes and businesses for up to nine years. This is in support of the government's Simpler Recycling scheme which mandates weekly food waste collections from most English households from March 2026.</p>
 <p>The company will assist Lincolnshire in implementing these food waste collections, working towards a seamless rollout and maximized recycling. The collected waste will be processed at BioteCH4's Hemswell anaerobic digestion plant, where it will be converted into biogas and renewable energy.</p>
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BioteCH4 partners with Lincolnshire County Council for food waste recycling

ANALYST_QUICK_TAKE

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 <p>Naplasol, a VEOS Group member specializing in biomass fermentation for mycoprotein production, has acquired Swedish mycoprotein company Mycorena. However, the details of the transaction remain disclosed. Mycorena was established in 2017 and is recognized for its flagship product, Promyc, a mycoprotein with a neutral taste and fibrous texture. The company's portfolio also comprises Mycolein, a fungal-based fat product, and M.E.A.T (Mycoprotein Extrusion and Alignment Technology), which is used for producing whole meat cuts with fibrous structures. Additionally, through collaborations with companies such as <a href="https://sp-edge.com/updates/13367">Peas of Heaven</a>, <a href="https://sp-edge.com/updates/13600">Rebl Eats</a>, and <a href="https://sp-edge.com/updates/19233">RIP (Rich in Plants)</a>, Mycorena has launched consumer products in six European Union countries.</p>
 <p>Naplasol intends to manufacture Promyc in its Bree, Belgium-based industrial facility to augment its product offering and provide new sustainable proteins. This acquisition is anticipated to provide mutual benefits for both companies through shared knowledge and product offerings.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Mycorena filed for <a href="https:<br>
//sp-edge.com/updates/31596"> bankruptcy </a> earlier this year after facing significant financial challenges. The company's acquisition quickly reaffirms its ability to provide lucrative opportunities in alternative proteins due to its many patents, trademarks, and other valuable assets. Further, it highlights the potential of mycoprotein as a sustainable protein ingredient.&nbsp;</p>

Naplasol acquires Mycorena after bankruptcy filing

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 <p>Denali, a company that specializes in organic recycling, has made a collaboration deal with Walmart. The partnership aims to implement a de-packaging service that will aid food waste recycling in various Walmart and Sam's Club stores throughout America.</p>
 <p>The action plan adopted by the two corporations involves utilizing de-packaging technology to extract food from the packaging material. The output of this process is a pure organic stream that can subsequently be progressed into compost, animal feed, or energy via anaerobic digesters.</p>
 <p>Early figures provided by the partners suggest that the effectiveness of the procedure has led to an increase in recoverable organic material by over 60%, and compactor trash reduction is around 12%. The program is scheduled for a nationwide expansion, which is expected to happen by 2025.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This implementation is part of an ongoing collaboration between the companies to tackle food waste , launched in <a href="https:<br>
//sp-edge.com/updates/22789"> October 2023 </a> . Walmart is also one of the first retailers to leverage Denali’s repackaging capabilities at scale.</p>

Denali collaborates with Walmart to reduce food waste through depackaging technology

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 <p>Knead Technologies, a logistics software solution startup focusing on food waste management, has announced a partnership with Kitchen on the Street, a nonprofit focused on improving food security for children in Arizona. This partnership is aiming to combat food waste and enhance food security in Phoenix through a pilot program, which is backed by the City of Phoenix's Office of Environmental Programs.</p>
 <p>The pilot scheme involves the collection of food and compostable waste from multiple sources, including farms and restaurants, throughout the Valley. After collection, a team of volunteer drivers will redistribute the collected food towards those in need. This initiative will further promote sustainable agriculture by transforming compostable waste into useable compost.</p>
 
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Knead Technologies and Kitchen on the Street partner to tackle food waste in Phoenix, Arizona

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 <p>Food Cycle Science, a firm from Canada specializing in food waste management solutions has launched their new product, the Food Cycler Eco 3. This innovative household food waste processing bin can convert food scraps into a dry, odor-free by-product. The Eco 3 can be bought at a price of CAD 599 or USD 499.99.</p>
 <p>Due to its compact design, the Eco 3 can be conveniently placed on kitchen countertops. It comes equipped with the patented Vortech food grinding technology provided by Food Cycle, which is said to be capable of breaking down even hard food scraps. The company asserts that the bin can process up to 3.5 L of food waste within hours. By using the Eco 3, the total household food waste output can be reduced by up to 50%, minimizing the need for frequent garbage disposal.</p>
 <p>Since its establishment in 2011, Food Cycle Science claims to have redirected over 29 million pounds of food waste away from North American landfills via its Food Cycler products as of July 2024. Their services and solutions cater to households, communities, and commercial organizations.</p>
 
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Food Cycle Science launches 'Food Cycler Eco 3,' a household food waste processing bin

<div>
 <p>Swedish alternative protein producer, Mycorena, has filed for bankruptcy with a plan to restructure under new ownership. The company has several patents and trademarks that could offer valuable opportunities for potential new owners in the alternative ingredients industry.</p>
 <p>Magnus Löfving from Advokatfirman Lindahl KB was appointed as the trustee to handle Mycorena's bankruptcy procedures, including the evaluation of the company's assets and seeking bids for ownership to resume operations under new management.</p>
</div>
 <p><b>Analyst QuickTake:<br>
 </b> As of July 2024, Mycorena had raised a total of USD 37.7 million in funding and even gained <a href="https:<br>
//sp-edge.com/updates/28689"> financial backing </a> from the European Space Agency's Discovery Programme to develop methods for alternative protein production in space. Despite this, in <a href="https:<br>
//sp-edge.com/updates/30450"> June 2024 </a> , the company discontinued its planned factory project for its principal mycoprotein ingredient, citing reduced investor interest in high-capital investment projects.</p>

All Updates

Foodsi raises EUR 1.2 million in seed funding extension to expand operations

BioMush launches solid-state fermentation technology for umami ingredients

Too Good to Go leads call for mandatory food waste reporting in UK

Power Knot launches BCG-150 industrial grinder for waste processing

BioteCH4 partners with Lincolnshire County Council for food waste recycling

Naplasol acquires Mycorena after bankruptcy filing

Denali collaborates with Walmart to reduce food waste through depackaging technology

Knead Technologies and Kitchen on the Street partner to tackle food waste in Phoenix, Arizona

Food Cycle Science launches 'Food Cycler Eco 3,' a household food waste processing bin

Mycorena files for bankruptcy and plans restructuring under new ownership

Food Waste

Foodsi raises EUR 1.2 million in seed funding extension to expand operations

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