Relocalize, a North American food-tech company, today announced the closing of a $1.4M pre-seed round to fund the development of the first ever automated food micro-factory.
The round is led by grocery retail and industry leaders including senior executives from Slack, Emerson, ex-Sobeys and an undisclosed USA-based retail chain.
“Our food system is the single largest source of greenhouse gas emissions,” says Relocalize CEO Wayne McIntyre. “At Relocalize, we drastically reduce the carbon footprint of production by eliminating long-haul transportation. We’re making food where people live, unlike conventional centralized producers.”
The company plans to deploy thousands of micro-factories at grocery distribution centres across North America. Their first micro-factory, which will produce packaged ice, will be deployed in November 2021.
“Consumers increasingly factor sustainability into their buying decisions and retailers have taken note,” says Marc Poulin former Sobeys CEO. “Our industry needs innovative suppliers like Relocalize to achieve our sustainability objectives. Their technology reduces both cost and CO2, which is transformative.”
Since the company’s founding in November 2020, Relocalize in-licensed, designed, patented, prototyped and tested its technology, as well as secured a leading Southern-US retail launch partner for their first sustainable premium ice micro-factory.
Continue reading… “Relocalize Raises $1.4M to Feed Humanity Sustainably with Micro-Factories”