Tech Company Financing Transactions
Foodforecast Funding Round
Foodforecast secured a $3.3 million funding round on 9/30/2024. Investors included Blue Horizon Ventures and private investors.
Transaction Overview
Company Name
Announced On
9/30/2024
Transaction Type
Venture Equity
Amount
$3,300,000
Round
Undisclosed
Investors
Proceeds Purpose
This investment will be used to scale their operations and expand their footprint across the European food retail market.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
Pilgrimstrasse 6
Cologne, 50674
Germany
Cologne, 50674
Germany
Phone
Website
Email Address
Overview
Foodforecast is a tech company based in Cologne, Germany, that uses artificial intelligence (AI) to reduce food waste. Foodforecast has developed an AI that analyzes historical sales figures of bakery branches and combines them with important influencing factors to create an automated sales forecast for the next day's order. In this way, foodforecast aims to help ensure that less food ends up in the garbage can.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Justus Lauten
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