Series A · AI & Machine Learning · Cologne, Germany · Founded 2018 · 31–31 employees
Foodforecast is a German AI foodtech startup that uses artificial intelligence to reduce food waste across the entire food supply chain through precise demand and production forecasting. Founded in 2018 by Justus Lauten and Jan Brormann, the company's AI analyzes historical sales data and external factors like weather and holidays to create automated sales forecasts for ultra-fresh food products with shelf lives from hours to one day. The platform has demonstrated significant impact, serving several thousand stores across Europe and helping customers reduce food waste by up to 30%, increase sales by up to 11%, and automate over 90% of ordering processes. To date, they have prevented over 8,800 tons of food waste and recently secured €8 million in Series A funding led by SHIFT Invest and ECBF to fuel international expansion.