Saveggy Revolutionizes Food Packaging
April 18, 2024, 3:34 am
Lund-based foodtech Saveggy has secured €1.76 million in funding to revolutionize the way fresh fruits and vegetables are packaged. With a plant-based solution that aims to replace plastic, Saveggy is on a mission to reduce global food waste, starting with a focus on extending the shelf life of produce with edible peels like cucumbers.
Founded in 2020 by CEO Arash Fayyazi and CINO Vahid Sohrabpour, Saveggy's innovative packaging technology has caught the attention of impact investors like Unconventional Ventures, LRF Ventures, Almi Invest GreenTech, and industry angels. Their additive-free formula, made from canola and oats, is applied to the produce post-harvest, creating a protective layer that keeps fruits and vegetables fresh without harming the environment.
The approval from EU regulators sets Saveggy apart as the only company in this market with the green light to disrupt the industry. By partnering with supply chain leaders, Saveggy aims to expand its reach and bring its sustainable packaging solution to more distributors worldwide.
CEO Arash Fayyazi expressed his excitement about the funding round, emphasizing the company's commitment to reducing waste and prioritizing freshness, planet health, and consumer well-being. Thea Messel, General Partner at Unconventional Ventures, praised Saveggy's founders for their dedication to innovation and sustainability, highlighting their perseverance in refining their technology to meet the highest standards.
With this latest investment, Saveggy is poised to launch its first product at an industrial scale, marking a significant step towards a more sustainable future for food packaging. As the world grapples with the challenges of food waste and environmental impact, Saveggy's mission to revolutionize food packaging couldn't come at a more crucial time.
Founded in 2020 by CEO Arash Fayyazi and CINO Vahid Sohrabpour, Saveggy's innovative packaging technology has caught the attention of impact investors like Unconventional Ventures, LRF Ventures, Almi Invest GreenTech, and industry angels. Their additive-free formula, made from canola and oats, is applied to the produce post-harvest, creating a protective layer that keeps fruits and vegetables fresh without harming the environment.
The approval from EU regulators sets Saveggy apart as the only company in this market with the green light to disrupt the industry. By partnering with supply chain leaders, Saveggy aims to expand its reach and bring its sustainable packaging solution to more distributors worldwide.
CEO Arash Fayyazi expressed his excitement about the funding round, emphasizing the company's commitment to reducing waste and prioritizing freshness, planet health, and consumer well-being. Thea Messel, General Partner at Unconventional Ventures, praised Saveggy's founders for their dedication to innovation and sustainability, highlighting their perseverance in refining their technology to meet the highest standards.
With this latest investment, Saveggy is poised to launch its first product at an industrial scale, marking a significant step towards a more sustainable future for food packaging. As the world grapples with the challenges of food waste and environmental impact, Saveggy's mission to revolutionize food packaging couldn't come at a more crucial time.