Biorsaf Receives 5.2 Million Euros and Acquires Cooki

The Italian food RegTech company Biorsaf has closed a funding round totaling 5.2 million euros. The round is led by the Italian venture capital firm P101. At the same time, Biorsaf is acquiring the foodtech company Cooki, thereby expanding its platform with additional features for traceability, labeling, cost management, and allergen control. With this capital, the company is launching a three-year growth plan centered on the expansion of an AI-based platform for the food industry.

A Platform for Food Quality and Safety

Founded in 2021 in Castell’Azzara, Tuscany, Biorsaf digitizes processes related to food safety, workplace safety, and water quality. With the BS-Safe platform, companies can, among other things, automate inspections, manage regulatory requirements, and centrally collect relevant data. A key focus is on HACCP processes in the food industry.

According to the startup, more than 10,000 users now utilize the platform. Customers include both smaller companies and large restaurant and retail groups. Among those mentioned are Compagnia Generale Ristorazione, with brands such as Old Wild West, America Graffiti, Pizzikotto, and Wiener Haus, as well as the Italian retail chain Conad.

Acquisition of Cooki Expands the Platform

In parallel with the funding round, Biorsaf is acquiring Cooki, a company founded in 2017 by Giuseppe Grammatico. According to the company, the platform is active in more than 450 Italian cities and has over 1,000 users. Its database includes more than 35,000 coded products.

Cooki digitizes processes related to traceability, food labeling, food costing, inventory management, and allergens in particular. Through this integration, Biorsaf aims to offer, for the first time, a platform that covers a large portion of the relevant data and compliance processes along the food value chain—from HACCP and quality management to traceability and nutritional values, all the way to labeling and cost analysis.

AI to Automate Compliance Processes

Artificial intelligence is set to play a central role in further product development. Biorsaf has already developed a specialized AI agent for professional consultants. This agent is designed to automate tasks related to monitoring, compliance, and document management.

Over the next three years, the company plans to significantly expand this approach. The goal is an AI platform that further automates quality, safety, and operational processes. Biorsaf is targeting a market that, according to the company, comprises approximately 3.4 million businesses in Italy and generates more than 12 billion euros in revenue. At the same time, the current level of digitization stands at only about three percent.

30 Minutes Saved Per User Per Day

With its existing platform, Biorsaf aims in particular to replace paper-based and manual processes. According to the company’s calculations, this saves users an average of about 30 minutes of work time per day. Biorsaf estimates that by 2025, the operational cost savings for its active users will total approximately 30 million euros.

The acquisition of Cooki is now intended to extend this approach to additional processes. Instead of using individual digital solutions for different requirements, food companies should be able to handle as many tasks as possible via a single shared platform.

P101 Leads €5.2 Million Funding Round

The new funding round is led by P101. The Italian investor also plans to support Biorsaf in pursuing a buy-and-build strategy.

“Biorsaf has everything we look for in a RegTech company: strong technology, deep industry expertise, and a position in a highly regulated market.”

Giuseppe Donvito, Partner at P101

In addition to P101, existing investors are once again participating in the company. These include Maia Ventures, the AgrifoodTech technology transfer hub Farming Future, and Toscana Next. Farming Future had already supported Biorsaf’s first funding round in November 2024.

From 40 to 120 employees

With this funding and acquisition, Biorsaf is launching a three-year growth plan. The goal is not only to significantly increase revenue but also to substantially expand the team. Over the next 18 months, the company plans to triple its headcount from the current 40 to 120. This growth is expected to come from both organic expansion and further consolidation of the previously fragmented market. The acquisition of Cooki could thus be just the beginning of a broader “buy-and-build” strategy. CEO Marco Papalini accordingly describes the acquisition as the first step toward consolidating the market.

Food RegTech as a Consolidation Market

For P101, Biorsaf also represents another investment in the RegTech sector. This sector now accounts for about 20 percent of the investments made by the Programma 103 fund. Previously, P101 invested in companies such as Aptus.AI and A-Cube. With Biorsaf, this focus aligns with a second market in which the investor was already active: the food industry. Its portfolio in this sector included Cortilia, Soplaya, and Tannico, among others.

By combining financing with an acquisition, Biorsaf is now pursuing an ambitious strategy. The company aims not only to scale its existing software but also to build a more comprehensive platform for the digitization of regulatory and operational processes in the food industry.