United Angels VC (now Specialist VC) participates in the €2M investment round to FoodDocs
Estonian startup FoodDocs, an innovator in the food safety industry, raises €2M to solve food safety compliance issues with the help of artificial intelligence.
The funding is led by Bonnier Ventures, Forward Venture Capital and Spring Capital also joining the round with existing investor United Angels VC (now rebranded to Specialist VC) The funds will be used to continue the strategic growth journey, drive further expansion in the US and the UK to reach more clients and partners, and further improve AI capabilities.
The process of getting and staying compliant with food safety rules is extremely cumbersome and bureaucratic. As a result, companies struggle and spend significant resources to achieve compliance. Attempting to take on the challenge is Tallinn-based FoodDocs. Established by two female food safety experts Karin Repp and Katrin Liivat, the Estonian startup’s mission is to help serve safe food and make food safety rules easy to follow, offering one solution for all food safety tasks.
Katrin Liivat, Co-founder and CEO of FoodDocs said: “The food industry is hungry for change because of the pandemic. Compliance processes need to become more efficient and company-friendly – that’s where we change the game. Leveraging AI, we make getting compliant 500x faster than the traditional method and allows food businesses to save 20% of their time on staying compliant.”
Liivat added that the market is ready for innovative solutions to face food safety issues with simple yet genius food safety software.
The solutions that FoodDocs offer are already valued by over 15,000 customers, including Huboo, Smart Lunches, The Oxford Food Co., and Bolt Market. The latter company has used its solution to expand to 40 new business locations in nine countries.
Read more on:
About FoodDocs: https://www.fooddocs.com
About United Angels VC (now Specialist VC): https://specialist.vc
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Photo credit: FoodDocs; https://unsplash.com/@mayear2019