Efforts to address the pervasive issue of food waste have gained momentum as Orbisk, a company based in Utrecht, Netherlands, secures significant funding to fuel its growth. With a focus on using cutting-edge technology to make food systems more sustainable, Orbisk has drawn the attention and financial backing of prominent investors. This financial infusion is set to boost the company’s capabilities in reducing food waste globally, a goal that not only benefits the environment but also provides economic advantages to the foodservice industry.
Orbisk previously achieved success in implementing its technology with clients like Carnival Cruise Line. This collaboration denotes a significant vote of confidence in their technology, especially considering the scale of operations within the cruise industry. The partnership with Accor further emphasizes its potential reach in the hospitality sector. Such initiatives illustrate the growing awareness and proactive steps being taken by major players in the industry to tackle food waste, a concern that has long been overlooked despite its environmental impact.
What are Orbisk’s goals?
Orbisk aims to tackle the global food waste problem through its advanced AI technology. The company’s ‘Orbi’ food waste monitor is designed to optimize kitchen operations by tracking waste and analyzing the causes behind it. This data-driven approach not only aids in reducing waste but also enhances operational efficiency for food service businesses, offering possible reductions in costs and increases in profit margins.
How is Orbisk expanding its reach?
With its new funding, Orbisk plans to bolster its presence in the U.S. and venture into the Asian market. CEO Olaf van der Veen highlighted the potential for significant reductions in food waste through geographic expansion. This strategic growth is supported by partnerships with well-known entities like Carnival Cruise Line, which plans to implement Orbisk’s technology on select ships by 2025, and Accor, which aims to cut its food waste by 60% by 2030.
The Series A funding round, which attracted over €8 million, was led by Regeneration.VC and co-led by PeakBridge. Other contributors included Kost Capital and DOEN Participaties, reflecting a robust interest in sustainable food solutions. Martijn Lopes Cardozo of Regeneration.VC acknowledged the vast environmental and economic opportunities presented by reducing food waste, citing the hospitality sector as a key area for impact.
Orbisk’s strategic partnerships and technological innovations position it well within a market increasingly conscious of sustainability. The support from investors like PeakBridge aligns with their mission to back innovations that provide viable solutions for real-world challenges. With a global footprint in over 40 countries, Orbisk is poised to make a significant impact.
Looking ahead, Orbisk’s expansion plans and successful partnerships reflect a concerted effort to address the issue of food waste at a global level. By leveraging AI technology, the company not only contributes to environmental sustainability but also offers practical economic benefits to its partners. As the food industry increasingly recognizes the importance of sustainable practices, Orbisk’s approach could serve as a model for others aiming to achieve similar goals.
