OneThird, an Enschde, Netherlands-based AI-powered food tech company, raised $3M in Late-Seed funding.
The round, which brought the total amount to $6.1M, was led by Pymwymic (an acronym for “Put Your Money Where Your Meaning Is Community”), with participation from Halma Ventures, SHIFT Invest and Oost NL.
The company intends to use the funds to scale its technology and operations to expand to new markets and support fresh produce supply chains in North America and Europe.
Founded in 2019 in a digital incubator for FTSE 100 company Halma plc [LON:HLMA], OneThird provides AI-powered, near-infrared scanning technology for growers, distributors and grocery retailers to accurately predict the shelf life of fresh produce and minimize food waste. The technology currently supports and predicts the shelf life of tomatoes, strawberries, blueberries and avocados, and will extend to a total of ten types of produce, including grapes, bananas, mangoes and raspberries by late 2023.
FinSMEs