FoodReady
Assists food companies to generate compliance documentation and maintain compliance with daily monitoring.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $3.9m | Seed |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
FoodReady.ai is a startup that specializes in providing food safety and quality assurance solutions through a combination of expert consulting services and innovative software. The company operates in the food industry, serving a diverse range of clients including large manufacturers, startups, seafood processors, coffee roasters, bakeries, kombucha brewers, food service providers, grocers, caterers, and restaurants. Essentially, any business involved in food production or handling can benefit from FoodReady's offerings.
The core of FoodReady's business model revolves around helping clients prepare for and pass food safety audits and regulatory inspections. This is achieved through their proprietary software that digitizes and automates food safety documentation and processes, significantly reducing the manual effort required. Clients can save up to 70% of the time typically spent on document management by switching to FoodReady's digital system. This not only saves time but also reduces costs associated with manual record-keeping.
FoodReady makes money by offering both software subscriptions and consulting services. The software includes features like an intuitive drag-and-drop process flow designer, a hazard database for building HACCP (Hazard Analysis Critical Control Point) and PCP (Preventive Control Plan) programs, and a mobile app for tracking critical control points. Additionally, the software can manage production runs, bills of materials, purchase orders, shipping traceability, inventory costs, and more. The consulting services involve experienced food safety experts who assist clients in establishing policies, programs, and procedures to ensure they are always audit and inspection ready.
The company has demonstrated its effectiveness by passing rigorous audits and inspections, such as a Costco audit and a three-day FDA inspection, with flying colors. This success is attributed to their unique combination of food safety expertise and advanced software solutions.
Keywords: food safety, quality assurance, software, consulting, audits, inspections, HACCP, digital documentation, compliance, food industry.