New York is a good place to start if you’re looking to tackle food waste. The same population density that makes it heaven for delivery startups also means that food waste — possibly from those deliveries — is ripe for the taking.
Food waste issues are coming into the mainstream as investors and municipalities realize that there is money to be saved and made in keeping food out of the landfill, and this week the New York City Sanitation Department held the first ever NYC Food Waste Fair in Brooklyn to bring together city officials, chefs, investors, and food waste startups to do just that.
Startups focused on food waste have raised over $250 million in the last three years, according to AgFunder data. There was a slight increase to $133.7 million in 2016 compared to 2015, when they raised around $100 million, according to AgFunder’s 2016 AgTech Investing Report. The technologies that raised funding included e-commerce platforms like Full Harvest, that aim to reduce food waste by selling unwanted but perfectly edible produce. Waste repurposing and shelf-life enhancement technologies also made up part of that figure.
Read the full story at www.AgFunderNews.com.