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The European Investment Bank

The European Investment Bank

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Portfolio companies

Winnow

Winnow

Winnow builds computer vision and AI tools for commercial kitchens to measure and reduce food waste.


Team

AM

Andrew McDowell

Vice-President

Andrew serves as Director General of EIB Global, having previously held a vice-presidency at the European Investment Bank and economic advisory roles within the Irish government.

LinkedIn
KV

Karmenu Vella

European Commissioner for Environment, Maritime Affairs and Fisheries


Recent investments

Series B
£9.3M

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."
— Marc Zornes, CEO and co-founder
Debt
£6.2M

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