AIPERIA secures €7.5 million for AI-based solution to combat food waste

Focus on sustainability Thanks to a successful Series A financing round from ETF Partners and LBBW Venture Capital, AIPERIA is gearing up to tackle fresh food waste in retail.

Würzburg, Germany, April 18, 2024 - German startup AIPERIA, specialized in sustainability solutions, has closed a €7.5 million Series A financing round. Led by ETF Partners and LBBW Venture Capital and supported by Earlybird Venture Capital, this investment will be used to accelerate the development and distribution of its AI-based software solution.

Improved demand planning

AIPERIA's platform aims to reduce food waste in the retail sector by enabling better demand planning for retailers and suppliers of fresh produce. With 500% year-on-year growth and an expanded focus on the UK and EU markets, the company is addressing a €10 billion market.

AIPERIA's technology is based on more than a decade of research and uses artificial intelligence to optimize demand planning. By taking into account over 150 influencing factors, the solution can reduce food waste by an average of 30%, increase profits by 4% and reduce planning time by 90%.

It's about changing supply chains for the better, increasing efficiency and boosting profits for retailers and suppliers alike.

Fabrice Bienfait from ETF Partners

Fabrice Bienfait from ETF Partners emphasizes the importance of AIPERIA's commitment to tackling food waste and highlights the potential of their solution to make supply chains more efficient and profitable.

Firmly established in the German market

AIPERIA, formerly known as PlanerAI, has already gained a foothold in the German market, serving almost 2,600 stores. The company now plans to roll out its technology internationally, making an even bigger impact on reducing food waste.

Over the past three years, we have established ourselves as the leading planning solution for fresh food in the German-speaking market.

Franz Seubert, CEO and co-founder of AIPERIA

The Series A financing enables AIPERIA to pursue this expansion course. The investors, including Earlybird Venture Capital and LBBW Venture Capital, support the company's vision to transform the food industry through innovation and sustainability.

In line with the political agenda

AIPERIA's solution comes at a time when political pressure to reduce food waste in Europe is growing and companies are increasingly looking for accurate forecasting to improve their profit margins while making a positive environmental impact.

We can achieve the greatest economic and environmental impact if food does not have to be produced at the beginning of the supply chain in the first place

Dr. Jan Meller, CTO and co-founder of AIPERIA

AIPERIA's success story is an example of the transformative power of technology and innovation in tackling global challenges. With its focus on sustainability and efficiency, the company will continue to play a leading role in revolutionizing the food industry.