ImpactAlpha, June 3 – Minimizing food waste. Managing emissions of food brands and ingredients. Decarbonizing fertilizers and food processors. Climate change is spurring long overdue updates and upgrades to our carbon-heavy food systems.
Bogotá-based RobinFood this week raised $32 million to deploy artificial intelligence to predict demand and cook food to order as it expands food access in large cities in Colombia, Brazil and Mexico.
And to catalyze more private capital into food waste solutions, ReFED and Closed Loop Partners launched three investment vehicles to de-risk early ideas and fund research and development.
Other climate-smart food deals on our radar:
- Planet FWD raised $10 million to track carbon emissions of consumer product brands in a round co-led by Acre Venture Partners and Congruent Ventures.
- GREE Energy raised $250,000 from Water Unite Impact to decarbonize food processors in emerging markets… to catalyze capital for food waste solutions.
- U.K.-based Foodsteps raised €3.8 million ($4.8 million) to help food businesses track the environmental footprint of their ingredients.
- Switch Bioworks raised $4.3 million for sustainable nitrogen biofertilizer.