Saveggy Raises €1.76M for Edible Fruit & Veg Coating as Solution to Plastic Packaging
Swedish startup Saveggy has raised €1.76 million (SEK 20M) for its plant-based alternative to plastic packaging designed to preserve the shelf life of vegetables and fruits and prevent food waste. The startup’s plant-based coating is said to be the only alternative available offering the same shelf life extension as plastic packaging. Additionally, it is the only edible coating for fruits and vegetables with edible skin, such as cucumbers, apples, and eggplants, approved according to EU regulations. Starting with a solution for cucumbers, Saveggy will use the newly raised funds to produce this innovative material at an industrial scale and successfully bring it to market The round was led by impact investor Unconventional Ventures. LRF Ventures, Almi Invest GreenTech, and industry angels also backed the startup’s plastic-free …