Seattle-based ag-tech startup Strella has landed $4.25 million to expand the reach of its technology that monitors produce to prevent spoilage and food waste.
The investment extends the company’s Series A round and brings its total funding to $26.25 million.
CEO and co-founder Katherine Sizov launched the startup in Philadelphia in 2019 and relocated its headquarters to Seattle four years ago to be closer to Washington’s fruit orchards.
Strella uses IoT devices to measure gases including
Strella uses IoT devices to measure gases including ethylene, a plant hormone released by ripening fruit, and machine vision to monitor the produce. Its software interprets the fruit’s real-time conditions alongside data such as country of origin, packing date and varietal type.
The 19-person team serves customers in 26 countries and provides information to growers of apples, pears, avocados and citrus. It recently added kiwifruit to the lineup.
“Our vision is to become the system of record for quality in the food supply chain, or the ‘guardian angels’ of produce as it passes from hand to hand,” Sizov said.
The company works with all of the players
The company works with all of the players in the supply chain, including farmers, produce packers, shippers, distributors and retailers.
“The next step for us is to begin stitching all the pieces together to become a one-stop shop for quality and tackle the food waste problem at scale,” Sizov said.
The United Nations estimates that roughly 33% of food intended for humans worldwide is lost or wasted, totaling $940 billion in annual economic losses. Waste in the U.S. is even worse, at about 40% of edible food and $218 billion each year.
The funding was led by SilverBlue, with participation by LeVert Ventures, Beta Milouot and PeakBridge.
