US-based food supply-chain technology developer Crisp has raised $14.2m in seed capital from a consortium including HDM, a subsidiary of manufacturing services provider Bruns Machine, VentureBeat has reported.
The round was led by FirstMark Capital and also featured fellow venture capital firms Spring Capital and Swell Partners.
Founded in 2016, Crisp has created software that utilises big data to help businesses accurately predict how much food they will need to produce, thereby ensuring less is wasted. It has completed a closed alpha testing process and will kick off beta testing next month.
Henning Honsvall, Rema’s chief digital officer, told VentureBeat: “As both a retailer and supplier, Rema is committed to reducing waste throughout the supply chain.
“Crisp shares these values, and we are pleased to partner with them on tracking and tracing inventory, increased vendor cooperation and more precise forecasting.”
