Polish biotech Fresh Inset has raised €2.7 million in a Series B funding round.
👯 Founders: Andrzej Wolan, Krzysztof Czaplicki
📅 Founding year: 2018
🏭 Industry: Biotech, AgriTech
💥 Problem: Food waste due to ethylene-induced spoilage of fruits and vegetables during storage and transport.
📣 Solution: 1-MCP technology that extends shelf life and reduces food waste through a residue-free release system.
👥 Customers: Farmers, food distributors, retailers
🌱 Stage: Series B
💰 Investment amount: €2.7 million
🚀 Funded by: Radix Ventures, InvestEU Fund
👁️🗨️ Investor’s perspective: “The company’s innovative VIDRE+ ™️ insets are patented in over 50 countries and are currently available on markets in South America and Africa. Fresh Inset has also obtained formal approval to sell its products in both the USA and Europe starting in 2025,” shared Radix Ventures’ representatives.
💡 It will be spent on: Expanding into key global markets, forging strategic partnerships, and scaling Vidre+ technology.
💪 Their specialty: Post-harvest freshness extension solutions using innovative 1-MCP technology
🔑 Business model: B2B, selling Vidre+ freshness-extending solutions to food producers, distributors, and retailers
👩🏫 Market: Global food supply chain, targeting North America, Europe, South America, and Africa
📊 Traction: Secured patents in 50+ countries, gained regulatory approval for the USA and Europe (starting in 2025), and established presence in South America and Africa.
⚡ Competitors: AgroFresh, Hazel Technologies, RipeLocker
💰 Funding so far: €19.8 million
