Dublin-based Positive Carbon raises €2.3 million in funding. The EIIS Fund of Business Venture Partners (BVP) led this round. Enterprise Ireland, Gateway Ventures, and Heartfelt_all actively participated in the round as well.
The groundbreaking and patent-protected food waste sensors from Positive Carbon mark a revolution in the way commercial kitchens handle food waste. These highly developed sensors have the goal of precisely monitor, identify, and assist in eliminating food waste.
Mark Kirwan, the CEO of Positive Carbon, said: “Our technology is not just a tool for reducing food waste; it’s the driving force behind fostering a sustainable ecosystem that benefits businesses, the environment, and society at large. This pivotal funding marks an acceleration in our relentless pursuit to eradicate food waste.”
Andrew McGreal, Investment Director at BVP, added: “Positive Carbon stands out for the rapid, tangible impact their solution has both on customers margins as well as the environment. Food waste is a global critical issue, Positive Carbon isn’t just solving part of the problem, it is helping set new standards in terms of how corporates and commercial kitchens operate”.
The additional funding will go towards marketing initiatives, research and development, and growing operations throughout the EU and UK.
About Positive Carbon
Positive Carbon was founded in 2020, and since then, its cutting-edge technology has been used at multiple places with impressive results.
A remarkable 50% decrease in food waste has resulted from the implementation of Positive Carbon’s system, saving nearly 4,000 tonnes of potential trash from landfills. This proves the effectiveness of Positive Carbon’s objective.