ReFED has added Capital Tracker to its suite of online tools for generating data-driven solutions for food waste. The service allows users to track data from capital investments in reducing food waste from 2012 onwards.
ReFED developed Capital Tracker with funders and solution providers in mind, but the tool is open to the public and free to use. “It can be used by anyone interested in understanding the food waste financing landscape,” Alejandro Enamorado, Head of Capital, Director of Innovation and Engagement at ReFED, tells Food Tank.
“To develop an effective financing strategy, financiers and solution providers need data,” says Inamuradou. This includes “the types of solutions that have seen the most investment, which funders are the most active in the space, and the solution providers that offer similar products,” he says. Capital Tracker displays this and other data through interactive charts and charts. Users can find investor and recipient contact information or liquidation offers, and choose details such as investment amount or type of solution.
The Capital Tracker was launched with private investment data obtained from PitchBook. But over time, Enamurado says, “[ReFED] It will update the Capital Tracker to include public and philanthropic investment data to provide a more complete picture of food waste financing. The data will come from the US Internal Revenue Service Form 990-PF and the US Office of Management and Budget.” ReFED expects to add these updates during the year and plans to make general updates weekly. The tool also provides a survey link so users can provide feedback to improve future postings.
“Over the past 10 years, financing in food waste solutions has accelerated, with the number of deals and deal size increasing,” Inamuradou told Food Tank. In 2021, $2 billion was invested in food waste reduction strategies across 173 deals. Most of this money was directed to preventing food waste.
ReFED aims to reduce food waste in the United States by 50 percent by 2030. For this to happen, investments must go to results. Inamurado sees their point of view favorably. “While we still have a long way to go in terms of reaching our food waste reduction goals,” he told Food Tank, “we are starting to see progress… [and] We are excited about what we see.”
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