The company raised capital from Innovate UK and private backers to scale production and meet growing demand.
"We are delighted to have secured the funding to scale Limetrack up to meet the needs of UK organisations facing multiple pressures to reduce cost and measure food waste. A big thank you to all our investors. Their backing will allow us to move much faster – manufacturing at scale, deepening integration and delivering the frictionless, trustworthy data our rapidly growing customer base requires. We aim to make food waste measurement effortless so that businesses can report with confidence, while cutting costs and carbon emissions. With 10.7 million tonnes of food wasted each year in the UK there is a huge opportunity, and the recent introduction of Simpler Recycling legislation means there is a legal necessity for most businesses, as well as an economic incentive. DEFRA projects 2.2 million UK sites will be affected in 2025, growing to 6.2 million by 2027. It’s been a brilliant journey so far, but we’re only just getting started. Of the 1.7 million UK and 10.3 million European commercial sites suitable for Limetrack’s SMART Bins, fewer than 40% currently use any form of food waste bin, providing a significant further market. Our immediate focus is on scaling across the UK before expanding into Europe in 2027."
The funding comprises private equity and a state grant to expand research and development operations.
"Cambridge Photon Technology exemplifies the kind of transformative innovation needed to accelerate the global transition to sustainable energy and address climate challenges."
The £3m round was secured from investors including AlbionVC, SuperSeed, True Global, and January Ventures to support team growth and product development.
"Fit is one of the fashion industry’s biggest blind spots, and returns are now a board-level issue costing the industry billions. We’re backing Fit Collective because they’re tackling this challenge at its roots. The team is building the kind of intelligence layer we believe will power the next wave of operational transformation in retail."
The funding round was led by industry figures including Fabienne Viala and will support product development and team expansion.
"The industry thrives on collaboration, yet the way teams communicate is structured for failure. On-site teams have the most amount of knowledge, yet it’s largely untapped. We are solving one of the industry’s biggest productivity problems by making it easy for on-site and office-based teams to communicate and report in real time. This funding allows us to accelerate product development and scale across the sector."
