Winnow, the technology company behind the Winnow Waste Monitor, which helps chefs cut food waste in half by automatically recording what gets thrown away, is announcing the completion of its growth capital funding round of $7.4m.
London based Winnow, a supplier member of Considerate Hoteliers, already works with well respected hotel brands like Accor, IHG, Shangri-La, Hilton, Rosewood and others. Investors were attracted by Winnow’s rapid growth and sustainable vision for the hospitality sector where food waste costs kitchens between 5%-20% of all food purchased – an enormous financial cost not to mention the environmental impact. Winnow customers typically see food waste cut in half within 12 months from installation, reducing food purchasing costs by 3%-8%.
Winnow has shown impressive growth since launch in 2013 and now has operations in 29 countries working with thousands of chefs and cooks to reduce food waste. The funding will be used to accelerate growth within Winnow’s existing customers, build international capabilities to further broaden their customer base and continue their technology development road map.
Marc Zornes, Winnow co-founder and CEO says “This fundraising announcement is a key milestone in our journey and validation that our technology is driving real value for our clients. The hospitality sector is quickly waking up to the opportunity that food waste presents. We are encouraged by some of our biggest clients now having the confidence to make public commitments to reduce food waste, and we expect the rest of the industry to follow suit doing the right thing for their businesses and for the planet.”
At the same time, Winnow are launching their #ForTheLoveOfFood campaign which recognises the important contribution chefs are making in the global fight against food waste. Working with thousands of chefs from every corner of the globe, Winnow’s users are preventing over 10,000,000 meals being wasted every year – the equivalent of one meal every three seconds being saved. Watch the campaign film here.
To find out more and get a savings forecast for your hotel, visit www.winnowsolutions.com