About Foodforecast
Foodforecast is a company based in Koln (Germany) founded in 2018 by Justus Lauten.. Foodforecast has raised $3.88 million across 2 funding rounds from investors including Scalehouse Capital, Future Food Fund and Blue Horizon. Foodforecast offers products and services including AI Forecasting Software and Bestellapp. Foodforecast operates in a competitive market with competitors including Phenix, Orbisk, Positive Carbon, eSmiley and Lumitics, among others.
- Headquarter Koln, Germany
- Founders Justus Lauten
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Sectors
ConsumerEnvironment
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Email
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Phone
*********
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Website
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Social
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- Legal Name Justus Lauten Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.88 M (USD)
in 2 rounds
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Latest Funding Round
$3.35 M (USD), Series A
Sep 30, 2024
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Investors
Scalehouse Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Foodforecast
Foodforecast offers a comprehensive portfolio of products and services, including AI Forecasting Software and Bestellapp. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides data-based forecasts to automate orders and reduce waste
App for managing and optimizing food orders in retail environments
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Funding Insights of Foodforecast
Foodforecast has successfully raised a total of $3.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.35 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.3M
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First Round
First Round
(11 Jun 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Foodforecast | Valuation | Scalehouse Capital , Future Food Fund | |
| Jun, 2022 | Amount | Angel Round - Foodforecast | Valuation | Tobias Hagemann |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Foodforecast
Foodforecast has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Scalehouse Capital, Future Food Fund and Blue Horizon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage capital is provided for food and agriculture tech companies.
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Founded Year | Domain | Location | |
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Sustainable food sector ventures are invested in by Blue Horizon.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage startups across FinTech and other industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Foodforecast
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Foodforecast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Foodforecast Comparisons
Competitors of Foodforecast
Foodforecast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Phenix, Orbisk, Positive Carbon, eSmiley and Lumitics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Phenix is engaged in providing anti-waste solutions for businesses.
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| domain | founded_year | HQ Location |
AI-based food waste monitoring systems are provided for kitchens.
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| domain | founded_year | HQ Location |
Provider of automated food waste monitoring for food businesses
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| domain | founded_year | HQ Location |
Online food safety management systems are provided for kitchens.
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| domain | founded_year | HQ Location |
Provider of waste management solution for food and beverage industry
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| domain | founded_year | HQ Location |
AI-based solutions for managing food waste are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Foodforecast
Frequently Asked Questions about Foodforecast
When was Foodforecast founded?
Foodforecast was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Foodforecast located?
Foodforecast is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Who is the current CEO of Foodforecast?
Justus Lauten is the current CEO of Foodforecast. They have also founded this company.
Is Foodforecast a funded company?
Foodforecast is a funded company, having raised a total of $3.88M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $528.54K, raised on Jun 11, 2022.
What does Foodforecast do?
Foodforecast was founded in 2018 in Cologne, Germany, focusing on the food sector. AI tools have been developed to analyze historical sales data alongside influencing factors, generating automated forecasts for next-day orders. These solutions are designed for food businesses to manage inventory and reduce wastage. Operations center on predictive analytics to support efficient ordering processes.
Who are the top competitors of Foodforecast?
What products or services does Foodforecast offer?
Foodforecast offers AI Forecasting Software and Bestellapp.
Who are Foodforecast's investors?
Foodforecast has 5 investors. Key investors include Scalehouse Capital, Future Food Fund, Blue Horizon, Aeronaut Invest, and Tobias Hagemann.