UK

[Funding alert] London-based Winnow Secures Funding from ABC Impact

Mar 5, 2024 | By Startup Rise EU

London-based Winnow Secures Funding from ABC Impact. Winnow’s advanced technology and comprehensive analytics are trusted by large hospitality businesses such as hotels, contract caterers, and cruise ships operating in over 2000 sites and more than 70 countries worldwide.

London-based Winnow Secures Funding from ABC Impact. Winnow’s advanced technology and comprehensive analytics are trusted by large hospitality businesses such as hotels, contract caterers, and cruise ships operating in over 2000 sites and more than 70 countries worldwide.

Sugandhi Matta, Chief Impact Officer at ABC Impact, said, “Food loss and wastage has a vast economic, social, and environmental impact – depleting resources, worsening global hunger, and increasing greenhouse gas emissions. The innovative AI-driven food waste management solution developed by Winnow has been successfully deployed globally and we are excited to support Winnow’s growth by reaching more commercial kitchens in Asia in the coming years. When we reduce food loss and waste, we can mitigate the pressure on climate, water, and land resources – and ultimately contribute towards a more sustainable future.”

It’s AI-enabled solutions are trained to recognise waste as it is thrown in the bin, whether during preparation or from a customer’s plate. The automated recording process captures 100% of the waste stream and analytics identify and track where wastage occurs.

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This approach enables users to optimise efficiency, change behaviours, and drive significant waste reductions in their kitchens. On average, customers achieve a 50% reduction in food waste and cut costs by 2-8%.

It already has a proven track record in Asia with the likes of hotel operators such as Accor, Four Seasons, and Hilton. The Hilton Tokyo Bay cut food waste by 30% in the first four weeks of implementing Winnow’s tools. Winnow is also a Certified B Corporation.

Marc Zornes, CEO and co-founder of Winnow said, “We are pleased to welcome ABC Impact as an investor and on our mission to help the global hospitality community cut food waste in half,” “Asia is a key market for our solutions and has vast potential to further reduce its food waste, with Singapore, Japan, and Indonesia a particular focus for us. We look forward to working with ABC Impact to further enhance our world-leading AI capabilities and to bring greater profitability and sustainability to Asia’s kitchens.”

Globally, the push for food waste reduction efforts has gained momentum – creating more growth drivers and amplifying the need for food waste solutions providers like Winnow.

The 2023 United Nations Climate Change Conference agenda featured food and agricultural systems as a distinctive theme for the first time. According to the United Nations, around 13% of food produced is lost between harvest and sale, while about 17% of global food production is wasted in total across households and commercial food services.

About Winnow

Winnow is a registered B corporation and pioneering technology company committed to reducing food waste in the hospitality sector. Founded in 2013, Winnow’s mission is to help clients save money while improving their environmental footprint through the implementation of AI-driven solutions.

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