Ingka Investments led the Series B round, which will fund technology development and international expansion.
"We are very excited about driving the business forward in our global fight against food waste and we are grateful for the continuous support of our investors, with one strategic partner of the investor group Ingka Investments using Winnow on a daily basis across IKEA stores globally. This year we launched our ground-breaking AI product Winnow Vision, and chefs using Winnow around the world are saving $33m worth of food from going to waste annually. We have set a target to save our customers $1bn by 2025, and this investment will accelerate our technology development and business development approach to help achieve this ambition."
The European Investment Bank provided the debt financing to support food waste reduction technology under the Juncker Plan.
"Winnow’s objective to help professional kitchens reduce their amounts of food waste is both good for our natural resources, and it makes economic sense. By helping businesses monitor and analyse what they are throwing away each day, using innovative technology, Winnow is empowering them to change their actions. I am proud that this project is being supported by the EU bank and the Juncker Plan."
— Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries
Green Angel Syndicate led the investment into the energy efficiency start-up.
"Heating accounts for half of energy consumption globally, and over a quarter of total CO2 emissions. If we are to cut greenhouse gas emissions to net zero – as we must do over the next decades – we need to massively increase energy efficiency in housing. AirEx has developed a solution that is smart, simple, cost effective and easy to install – so it is no surprise to me that the company has been selected by Ofgem. Green Angel Syndicate is extremely proud and excited to be backing the highly experienced and enthusiastic AirEx team, led by Agnes, and looks forward to supporting the company in its rapid growth."
Members of Green Angel Syndicate have backed the durable goods e-commerce platform in a £550k round.
"I hate fast fashion and loathe products which are designed to break or wear out quickly. I also don't much like shopping. BuyMeOnce is a revelation. The best due diligence you can do on an investment is to use it before you invest, and for me buying clothes and kit from BuyMeOnce has been a really pleasurable experience. BuyMeOnce ticks all the boxes – it is an exciting high growth company which reduces waste and cuts the time I have to spend doing things I don't like."
The Manchester based retail delivery platform has raised £15m from Praetura Ventures and NVM Private Equity to scale its product roadmap and expand its workforce.
