OneThird raises €3.5M Series A to reduce waste with freshness scanner

OneThird, a foodtech built to tackle food waste, has raised a €3.5M Series A funding round and tappointed Henrike Langbroek as Chief Executive Officer.

The funding round was led by Dutch-based Invest International with participation from previous investors Pymwymic Home and Oost NL, bringing the total capital raised to €9.25M. The Series A investment will enable OneThird to develop its AI and sensor technology and expand across Europe and North America.

OneThird’s AI-powered near-infrared technology enables farmers, distributors, and grocery retailers to reduce waste by accurately predicting shelf life and optimising decision-making. OneThird expanded its offerings in 2024 with a retail store fruit scanner that allows consumers to make smarter purchasing decisions at the grocery store, particularly helpful with products such as avocados.

Currently, OneThird’s technology supports a growing list of produce, including avocados, blueberries, strawberries and tomatoes.

Up to one-third of the food brought to market annually is wasted at an estimated cost of USD $1 trillion, and almost half of it is fresh produce. 

“I am thrilled to join OneThird at this exciting juncture and work with the team to make a measurable difference in reducing global food waste and creating a more efficient and sustainable food system for the future,” said Henrike Langbroek, CEO.

“This funding will allow us to amplify our impact and reach new markets, empowering growers, distributors, and retailers to make informed decisions that drive sustainability and profitability.”

Tim van Galen, Senior Investment Manager at Invest International, added: “OneThird’s approach to reducing food waste aligns with our mission to support the transitions needed towards a more sustainable food system. We are excited to partner with them on their journey to revolutionize the fresh produce industry.”