# TrendiTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trenditech

- Industry: Power & Utilities
- Headquarters: Vancouver, Canada
- Website: www.trendi.com
- Total disclosed funding: $6.7M
- Latest round: Seed (Jun 9, 2022)
- Investors on record: 2

## About

TrendiTech Inc. is a Canadian company focused on innovative solutions to minimize food waste. Their services help businesses streamline food recovery processes, promoting sustainability across various sectors.TrendiTech Inc. was founded in 2019 in Vancouver, Canada. The company specializes in combating food waste through innovative solutions and was co-founded by Alex Lushnikov, Carissa Campeotto, Craig McIntosh, and Mikhail Semenov. Currently, Lance Montgomery serves as the CEO. TrendiTech has completed 2 deals, with the most recent being a SEED funding round on June 9, 2022, where they raised CAD 6.2 million. This funding was co-led by Vestech Partners and WGG Partners, contributing to a total amount raised of CAD 6.2 million.TrendiTech specializes in providing innovative solutions to combat food waste through feasibility studies, market analysis, facility engineering, ideation and innovation, processing management, and commercialization. Their core offerings are designed to address the growing issue of food waste by optimizing food recovery processes and facilitating the repurposing of surplus food. The company primarily serves businesses in the food production, retail, and hospitality sectors, targeting clients who are committed to sustainability and efficient resource management. Their initiatives are implemented across various geographical markets, including urban centers in North America and Europe, where food waste is a significant concern, improving food distribution and minimizing waste impact on the environment.TrendiTech generates revenue through a business-to-business model, focusing on partnerships with organizations committed to reducing food waste. Their transaction structure includes service agreements and contracts that facilitate comprehensive solutions tailored to individual client needs. Revenue streams derive from subscription-based services, consultation fees for performance assessments, and implementation costs related to their flagship offerings. These may include pricing arrangements based on the scale of food recovery operations and the complexity of the engineering solutions provided. TrendiTech's emphasis on collaboration with various stakeholders in the food supply chain positions them to capture revenue from a diverse set of clients, driving their growth and sustainability objectives.In June 2022, TrendiTech Inc. raised CAD 6.2 million in SEED funding, which will be utilized to support the development of the BioTrim mobile schedule set to launch by this summer. The company aims to expand its services into new geographic regions, specifically targeting markets in Europe and North America, to enhance their food waste solutions. This strategic expansion is aligned with their overall goal of increasing their footprint in areas where food waste is a critical issue.

## Funding rounds

- Seed, Jun 9, 2022, $4.8M — Vestech Partners, WGG Partners
- Seed, Jun 28, 2021, $1.9M — Vestech Partners

## Investors

- Vestech Partners (https://capitalatlas.ai/funds/vestech-partners) — Seed
- WGG Partners — Seed