OneThird Raises €3.5M Series A to Expand AI-Powered Food Waste Reduction Technology

Company Name: OneThird
Location: Enschede, The Netherlands
Industry: Supply Chain

Funding Details

• Amount: €3.5M (Series A, bringing total funding to €9.25M)
• Investors:
  • Lead: Invest International
  • Participants: Pymwymic, SHIFT Invest, Oost NL

Purpose of Investment

• Expand AI and sensor technology to enhance shelf-life prediction.
• Accelerate product roadmap and innovation.
• Scale operations to serve fresh produce supply chain stakeholders in Europe and North America.

Leadership

• CEO: Henrike Langbroek

Product

OneThird provides AI-powered near-infrared (NIR) technology that helps farmers, distributors, and retailers reduce food waste by accurately predicting the shelf life of fresh produce.

Key Features

• Shelf-life prediction: Uses AI-driven NIR sensors to assess produce freshness in real time.
• Supply chain optimization: Enables better inventory management and reduces spoilage.
• Retail fruit scanner: Introduced in 2024, this in-store tool helps consumers make informed buying decisions, leading to lower waste and higher revenue for retailers.

Market Impact & Adoption

• Retailers using the fruit scanner report reduced waste and increased revenue, particularly for high-value items like avocados.
• Supports a growing list of produce, including avocados, blueberries, strawberries, and tomatoes.
• Achieved 230% year-over-year growth leading up to the Series A round.

About the Company

OneThird is revolutionizing food waste reduction with AI-powered technology that empowers the entire produce supply chain. By enhancing quality control and extending shelf life, OneThird helps businesses increase profitability, improve sustainability, and reduce global food waste.

Future Plans

With this funding, OneThird will scale its AI and sensor technology, expand market presence in North America and Europe, and continue innovating to support more fresh produce categories.