OneThird, an Enschede, The Netherlands-based AI-driven food tech company, raised €3.5M in Series A funding.
The round was led by Invest International, with participation from previous investors Pymwymic, SHIFT Invest and Oost NL.
The company intends to use the funds to expand its AI and sensor technology, accelerate its product roadmap, and enhance operations to serve fresh produce supply chain stakeholders across Europe and North America.
Led by CEO Henrike Langbroek, OneThird provides AI-powered near-infrared (NIR) technology that empowers farmers, distributors, and grocery retailers to reduce waste by accurately predicting shelf life and optimizing decision-making that enhances produce quality across the supply chain. It expanded its offerings in 2024 with a retail store fruit scanner that allows consumers to make better purchasing decisions at the grocery store, with participating retailers reporting reduced waste and increased revenue, particularly for high-value products like avocados.
Currently, OneThird’s technology supports a growing list of produce, including avocados, blueberries, strawberries and tomatoes.
The Series A investment follows a year of 230% year-on-year growth, bringing the total capital raised to €9.25M.
FinSMEs
31/01/2025