Dublin-based Positive Carbon has raised €2.3 million in funding to help tackle the growing problem of food waste.
The funding round was led by Business Venture Partners’ (BVP) EIIS Fund, with participation from Heartfelt, Gateway Ventures and Enterprise Ireland.
Aimed at commercial kitchens, Positive Carbon uses high-tech sensors to track, trace and ultimately eliminate food waste. the fully automated system is also supported by reporting dashboards that allow kitchen staff, operation teams, and management to review daily, weekly, and monthly waste reports.
Established by Aisling and Mark Kirwan in 2020, the company’s technology is already in use in a number of businesses, including the Dalata Hotel Group and Radisson Blu.
“Our technology is not just a tool for reducing food waste; it’s the driving force behind fostering a sustainable ecosystem that benefits businesses, the environment, and society at large,” said chief executive Mark Kirwan. “This pivotal funding marks an acceleration in our relentless pursuit to eradicate food waste.”
The new funding will be used to boost research and development, support marketing and grow the business in the UK and across the EU.
“Positive Carbon stands out for the rapid, tangible impact their solution has both on customers margins as well as the environment,” said Andrew McGreal, investment director at BVP. “Food waste is a global critical issue, Positive Carbon isn’t just solving part of the problem, it is helping set new standards in terms of how corporates and commercial kitchens operate.”
