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Start-Ups Targeting Food Waste Get $125M So Far In 2018

November 14, 2018: 12:00 AM EST
ReFED, a nonprofit organization devoted to solving food waste problems, has issued a report revealing that $125 million has been invested by the private sector in food waste start-ups since the beginning of 2018. Investment firms like Andreessen Horowitz, S2G Ventures, Cultivian Sandbox Ventures, and DBL Partners obviously see great potential in the fact that an estimated $218 billion of food is wasted annually. Apeel Sciences ($70 million) produces a natural second skin to extend the shelf life of produce; Food Maven and Full Harvest ($8.5 million each) create B2B marketplaces for excess or wonky food; Spoiler Alert helps businesses better manage unsold food; ReGrained makes a flour out of spent distiller grains; and Goodr offers an on-demand food rescue service. [Image Credit: © ReFED]
Dana Gunders, "More Than $125 Million Poured Into Food Waste Startups In 2018", Forbes.com, November 14, 2018, © Forbes Media LLC
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