Total raised
$6.2M
Last: Debt Financing 2020-12
Stage
Seed
Founded
2016
Headcount
12
HQ
Tel Aviv-Yafo
Sector
Business Software
About
Wasteless allows supermarkets to price products based on expiration dates with the aim of providing a sustainable shopping experience with less waste, while increasing margins and revenues. The company's proprietary AI solution tracks product rotation and waste risk to deliver an optimal markdown in case it's needed. Customers can then choose different expiration dates with different discounts, making sustainable shopping options while saving money.
Funding history · 5 rounds · $6.2M total
2020-12
Debt Financing
$2.8M
2019-12
Seed
$1.0M
2019-03
Seed
$1.3M
2018-06
Seed
$1.9M
2017-04
Pre-Seed
$400K
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Wasteless founded and where is its headquarters located?
- Wasteless was founded in August 2016 and is headquartered in Tel Aviv-Yafo, Israel.
- What is Wasteless's core technology and its primary application?
- Wasteless utilizes an AI-based pricing engine that allows supermarkets to dynamically price products based on their expiration dates to reduce food waste and increase revenues.
- What was Wasteless's most recent funding round and when did it occur?
- Wasteless's most recent funding was a Debt Financing round in December 2020.
- What was Wasteless's first funding round and who were some of the investors?
- Wasteless secured a Pre-Seed round in April 2017 with investors including Jonathan Ofir and FOOD-X.
- Which investor led Wasteless's Seed round in June 2018?
- Slingshot Ventures led Wasteless's Seed funding round in June 2018.
- How much total funding has Wasteless raised to date?
- Wasteless has raised a total of $6,150,000 USD across all funding rounds.
- What is the employee count for Wasteless?
- Wasteless currently has between 11 and 50 employees.
- In what geographic markets does Wasteless operate?
- Wasteless operates in the United States and Europe.
- Which Dutch retail chain adopted Wasteless's software in December 2022?
- In December 2022, a Dutch retail chain purchased Wasteless's software to link food prices to expiration dates, as reported by The Times of Israel.
Sectors & technology
Primary sector
Business Software
Sub-sectors
Climate TechClean Industry Tech Sustainable Materials & CircularityBusiness SoftwareSales & Marketing Solutionse-Commerce Tools
Technologies
Artificial Intelligence
Target customers
Commerce & RetailDistribution ChannelsSupermarketseCommerce Platforms
Business model
B2B
Highlights
Climate TechVerified
Tags
logisticswaste-techrfidfoodtechretailerssaasclimate-techsupply-chainartificial-intelligencecircular-economypricingsupermarkets