Delicious Data receives 2.5 million euros

The start-up wants to combat food waste with software. Now new investors are getting on board.

Munich-based startup Delicious Data has raised €2.5 million in a Series A funding round. The round is led by Basinghall Partners and Seed + Speed Ventures (Maschmeyer Group). In addition, the existing investor Bayern Kapital and other business angels are investing. With the new funding, Delicious Data plans to expand its team from 15 to 50 employees. In addition, the start-up plans to tap into new markets and drive forward the technological development of its software.

Founded by Valentin Belser and Jakob Breuninger, the startup aims to reduce food waste. The founders want to achieve this goal with a software solution for intelligent planning optimization in the food sector. "Our forecasts are based on a deep-learning algorithm that evaluates a variety of data from customer history as well as external factors, such as holidays and weather, every day and then uses this to make decisions about optimal order and production quantities," says Belser. This should help the company's customers reduce avoidable food waste and increase operational efficiency.

According to the start-up, it is already active in the mass catering market and in bakery branches at more than 1,000 locations, where it has realized a reduction in food waste of around 30 percent.