Delicious Data receives 2.5 million euros

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

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

The start-up founded by Valentin Belser and Jakob Breuninger 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 large amount of data from the customer history as well as external factors such as public holidays and weather every day and then uses this to make decisions about the optimal order and production quantities," says Belser. The aim is for the company's customers to reduce avoidable food waste and increase operational efficiency.

According to its own information, the start-up is already active in the communal catering market and in bakery outlets at over 1,000 locations, where it has achieved a reduction in food waste of around 30 percent.