Nous anti-gaspi, a French social and solidarity economy company that offers solutions to reduce food waste, has raised €8 million in a funding round led by Eutopia, Quadria, and Danone Manifesto Ventures. The company was founded in 2018 by Vincent Justin and Charles Lottmann and has since partnered with over 900 suppliers to offer consumable products that are usually discarded by traditional distribution channels. This includes products with physical defects or a short expiration date, such as fruits and vegetables. Through their efforts, Nous anti-gaspi recovers and sells 50 tons of consumable products each month.
This is the second funding round for Nous anti-gaspi, following their initial one in 2020. The funding will be used to expand their e-commerce offerings as well as their own brand products. This will allow the company to further its mission of reducing food waste and creating a more sustainable food system.
Eutopia is a venture capital firm that invests in sustainable and socially responsible businesses. Quadria is a healthcare-focused private equity firm, while Danone Manifesto Ventures is the corporate venture capital arm of Danone, a multinational food company. By investing in Nous anti-gaspi, these companies are supporting a cause that aligns with their values and goals, while also helping to drive innovation in the food industry.
The issue of food waste is a growing concern, with an estimated one-third of all food produced globally being discarded or lost. Companies like Nous anti-gaspi are working to address this issue by creating alternative distribution channels and raising awareness about the impact of food waste. With this new funding, the company can continue to expand its reach and impact, while also inspiring others to take action towards a more sustainable food system.