PeelON
PeelON offers sustainable bio-degradable food packaging.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $1.0m Valuation: $7.9m | Seed | |
| Total Funding | 000k | ||
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Peelon.co is an innovative startup focused on reducing food waste and enhancing food security through advanced biotechnology. The company has developed a unique, plant-based nano-coating technology that extends the shelf life of fruits and vegetables by up to 10 days. This edible, tasteless protective layer mimics the natural waxy barrier found in plants, known as Cutin, which helps retain moisture and protect against environmental factors.
Peelon.co primarily serves households and the broader food supply chain, including farmers, distributors, and retailers. By targeting these clients, the company aims to reduce post-harvest losses, improve food security, and contribute to a more sustainable supply chain. The market for this technology is vast, encompassing both developed and developing regions where food waste and food security are pressing issues.
The business model of Peelon.co revolves around selling its nano-coating solution to various stakeholders in the food supply chain. This includes direct sales to farmers and distributors, as well as partnerships with retailers who can apply the coating to their produce. The company generates revenue through the sale of its coating products and potentially through licensing agreements with larger agricultural and food distribution companies.
Peelon.co's mission aligns with global sustainable development goals, particularly in reducing hunger (SDG 2) and mitigating climate change. By extending the shelf life of produce, the company not only helps reduce food waste but also ensures that more food reaches consumers, thereby addressing food insecurity.
In summary, Peelon.co is leveraging cutting-edge biotechnology and material science to create a sustainable solution for food preservation. Their innovative approach has the potential to disrupt the food storage and supply chain, making it more efficient and environmentally friendly.
Keywords: food preservation, nano-coating, biotechnology, food security, sustainability, post-harvest loss, edible coating, supply chain, food waste reduction, agricultural innovation.