FloWaste has secured a $270,000 pre-seed investment to advance its food analytics platform aimed at reducing food waste in the food service industry.

Information on the Target

FloWaste, founded in South Bend, Indiana, in 2020, is a technology startup focused on mitigating the significant challenges associated with food waste. The company's innovative food analytics platform utilizes proprietary image recognition technology to empower cafeterias, fast food outlets, and quick service restaurants to minimize food waste effectively. By optimizing portion sizes, ingredient combinations, and meal preparation processes, FloWaste aims to significantly reduce both waste and operational costs for food service providers.

The platform not only serves the food service industry but also has potential applications in food production, addressing a critical issue faced by various stakeholders in the food supply chain. The successful approach to food analytics positions FloWaste as a key player in tackling environmental, ethical, and economic concerns related to food wastage.

Industry Overview in the Target's Specific Country

The issue of food waste is a pressing global concern, with approximately 1.6 billion tons of food wasted annually. This alarming statistic underscores the magnitude of the problem, which is anticipated to wor