French Food Waste Start-Up Reinvents Food System

Tuesday, February 25th, 2020 | 671 Views


Phenix, a French start-up pioneering waste reduction and a circular economy, has received an investment from Danone Manifesto Ventures. The funds received will enable Phenix to extend its position as a leader in the waste reduction sector (with 40 million meals saved in France in 2019) through the expansion of its consumer facing mobile application as well as its BtoB #TechForGood solution for food & beverage industry players.

The United Nations estimates that one third of the global food production is wasted along all steps of the food value chain, from farm to plate. In France, approximately 10 million tons of food are wasted annually while eight million people are exposed to food insecurity, costing 16 billion euros a year. Furthermore, in France, food waste emits 15.3 million tonnes of CO2, which represents three percent of the country’s total CO2 emission. The government has made waste reduction a priority and recently extended to the food service sector the food waste reduction originally issued for retailers in 2016.

Phenix aims at finding various solutions to end food waste: donations to NGOs and food banks, discounted sales via its consumer facing application, engagement with farmers for animal feeding, and direct sales in its “Nous Anti-Gaspi” stores. From manufacturers to consumers, all players share the responsibility and Phenix solutions are designed for each of them: producers, manufacturers, retailers, food services and restaurants.

“Our ambition is that in a few years, wasting food and products will not be acceptable and waste reduction practices will become the simple and effective norm. With Danone Manifesto Ventures’ support, we can invent tomorrow’s food system in an environmentally respectful and socially just manner,” stated Jean Moreau, Phenix co-founder and President.

 

Read more:

US$106M Singapore-Based Fund Launched To Protect Asia’s Oceans From Plastic

Hiperbaric Receives 2019 European Technology Award For High Pressure Technology Innovation

Food Cultures To Tackle Food Waste

Mintel: New Senior Nutrition Appointment

Roquette Appoints New VP Of Its Pea And New Proteins Business Line

Discover Key APAC Nutraceutical Trends At Vitafoods Asia

Strong Asian Market Boosts Carlsberg Half-Year Sales

One Way That Supermarkets Of The Future Can Tackle The Scandal Of Food Waste

Coca-Cola Launches New Energy Drink To Tap Vietnamese Market, Says GlobalData

 

SHARE WITH FRIENDS: