Food chain regulation company Fresho secures £8m funding round
In London, restaurants using Fresho’s service include Michelin star rated restaurant Wild Honey within Sofitel St James, Polpo, 1 Lombard Street, and the Bingham Riverhous.
Fresho, a company that aims to make food supply chains more sustainable between restaurants and their suppliers, has announced a recent series A capital raising of £8m.
More than 38,000 foodservice venues across the UK, Australia, New Zealand, and the United States have used Fresho’s solution, with more than £700m processed through the platform annually.
In London, restaurants include Michelin star rated restaurant Wild Honey within Sofitel St James, Polpo, 1 Lombard Street, and the Bingham Riverhous.
Fresho now employs over 60 people after launching in the UK in 2021.
The funding round adds a number of new investors to its existing base that includes London based Primorus Investments (LON:PRIM). New investors include venture-capital firm Capital Zed, Andrew Sypkes, and Second Quarter Ventures .
Fresho co-founder and managing director James Andronis, said: “We’ve managed to attract some of the best talent in the UK, Australia and New Zealand and they’re steering our continued investment in state-of-the-art technology.”
“This capital raise will enable us to accelerate our growth in the United Kingdom and a strong launch into the United States. Like our other markets, restaurants and suppliers in the US are itching to be more progressive but still working with antiquated processes such as email, phone calls, whatsapp and even the old fax machine.
He added: “B2B food supply chains are changing at a rapid rate around the world with an increased focus on efficiency and lowering waste. We understand the industry and our tech solves key pain points for these businesses. The adoption of tech is speeding up and it’s fascinating to watch the industry progress at such a fast pace.”
