OneThird, a Dutch Food Tech company, has raised €1.5 million in funding to enhance its fresh produce quality prediction platform and combat food waste.

Information on the Target

OneThird, a Dutch Food Tech company, has successfully raised €1.5 million in its latest funding round. The investment comes from prominent investors SHIFT Invest and Oost NL. These funds will be utilized to enhance OneThird’s fresh produce quality prediction platform, as well as to expand pilot programs with retail customers. In addition, the company aims to bolster its technical team by acquiring AI specialist firm Impact Analytics, thereby strengthening its expertise in spectral imaging and analysis.

Industry Overview in the Netherlands

The Netherlands is renowned for its robust agricultural sector, which plays a pivotal role in ensuring food sustainability globally. The United Nations has highlighted food waste as a significant sustainability challenge, leading to the establishment of Sustainable Development Goal 12.3, which aims to halve food waste by 2030. Despite advancements in agricultural technology, approximately one-third of food produced globally is wasted, necessitating urgent action from all stakeholders in the food supply chain.

In recent years, major retailers in the Netherlands and their supply chain partners have formed a coalition known as Champions 12.3, striving to inspire ambition and action towards achieving food waste reduction targets. The complexity of logistics in de