KTH Holding has invested in Kitocoat AB, which develops biodegradable and edible coatings to extend the shelf life of fruits and vegetables, addressing significant food waste issues.

Information on the Target

KITocoat AB, recently welcomed as a new portfolio company by KTH Holding, aims to tackle the pressing issue of food waste, with estimates suggesting that up to 40% of all food produced globally is lost. The company specializes in developing biodegradable and edible coatings that significantly enhance the shelf life of fruits and vegetables. These coatings serve as a barrier against microbial growth, thereby preserving freshness without the reliance on traditional plastic packaging.

The innovative technology behind Kitocoat stems from research conducted at KTH, where coatings with antimicrobial properties utilizing chitin were developed. Chitin, recognized as the second most abundant biomaterial after cellulose, is derived from the shells of crustaceans, mushrooms, and insects. The crafting of these coatings involves layers of chitin that effectively create a barrier against harmful gases and other factors that threaten the quality of produce.

Industry Overview in the Target's Specific Country

In Sweden, the food technology sector is rapidly evolving, reflecting a significant global shift towards sustainability in food preservation. With increasing consumer awareness regarding food waste and environmental challenges, the industry is emb