AI Cuts Food Waste by 30% — Foodforecast Raises €8M

German foodtech startup Foodforecast closed €8M Series A to scale AI demand forecasting for ultra-fresh food (baked goods, sandwiches, ready-to-eat meals).

Key metrics:
• 30% waste reduction for customers
• 11% sales increase
• 90%+ automation of manual ordering/production
• Already live in thousands of European stores

How they won: Founded 2018, launched commercially 2022, proved ROI with early adopters → attracted SHIFT Invest & ECBF.

Takeaway: Solve real operational pain with AI + metrics = capital. Foodforecast proved the wedge before scaling.

Source: The Next Web

#FoodTech #AI

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