Foodsi funding news – Warsaw-based Foodsi Secures €1.2 Million in Seed Funding

Investor of this round

The funding came from both new and existing investors, including AIP Seed, Satus Starter, and AC/VC Impact Fund. This money will help Foodsi grow, expand its product and sales teams, and improve its operations as it prepares for another funding round.

Aim of the company

It aims to reduce food waste by allowing eateries and shops to sell their surplus food, offering customers discounts of up to 70%. Users can quickly choose from various deals and reserve a package, which they can pick up the same or next day. The contents of the package are always a surprise and depend on what’s available at that location.

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Founded by Mateusz Kowalczyk (CEO) and Kuba Fryszczyn (CTO), the app has nearly 2 million users who have saved almost 5 million food packages, helping to prevent waste. This initiative supports Sustainable Development Goals, showing that a successful business can also benefit the environment.

Mateusz Kowalczyk said, “Food is wasted at many points along the supply chain. We’re working on new ideas to change that. Even though the past year has been tough for startups in Europe, we’re still growing and seeing more interest in what we do, aiming to expand our impact beyond Poland.”

Foodsi operates a managed marketplace model with over 6,000 partner venues across Poland, including major cities like Warsaw, Wrocław, and Kraków. The app features bakeries, restaurants, cafes, and grocery stores, collaborating with both local businesses and big brands like Carrefour and Wedel.

Foodsi has also launched a pilot program to help manufacturers sell products nearing their expiration dates, delivering them directly to homes. This includes food items, meal kits, cosmetics, and other products that might go to waste but are still valuable.

Bartek Knichnicki from Satus Starter praised Foodsi’s growth and the hard work of its founders. Darek Żuk from AIP Seed noted that their investment in Foodsi has resulted in significant growth since they first invested in 2021.

About Foodsi

Foodsi allows food establishments to sell unsold food at discounts, making it easy for users to reserve great deals quickly.