Startup seeks to raise R$ 1.3 million and avoid food waste

On the last 5th, Food To Save opened an equity crowdfunding round to raise money and invest in the fight against food waste. The expectation is to raise BRL 1.3 million via CapTable, which in Brazil is the largest platform for investments in startups.

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Food To Save was created in 2021, with the aim of selling food bags in São Paulo. In the bags, products close to expiration date are added, or with small imperfections that allow consumption, and discounts for these items reach up to 70%.

Since it was created, the company has moved around R$ 1.8 million. And there have been many benefits since its launch, as the startup generated almost R$ 1 million in revenue for the partners alone, and avoided wasting 150 tons of food. Rei do Mate, Pizza Hut, Dengo Chocolates, Bella Paulista and Duckbill are some of the company's partners.

“We are always attentive to market movements and so-called windows of opportunity. At this moment, for example, we are starting operations in a new square and we intend to advance quickly in the main capitals of the country”, explains Fernando Henrique, COO of Food To Save.

Fundraising in the round is essential for the company to invest in national expansion, technology and increasing the team. According to Henrique, the company's objective is to lead the community to sustainable consumption, avoiding waste and causing less damage to the environment.

According to the startup's CEO, Lucas Infante, the population has changed its consumption profile during the pandemic, and is currently more aware of food waste. Therefore, the company seeks expansion to states such as Paraná and Minas Gerais, reaching the target of 500 tons of food saved by the end of the year.

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