Circularity and Mustard Seed co-lead $7.4m round for Winnow

D-Ax, the digital investment arm of Swedish family office Axel Johnson, also acted as co-lead in the funding round.

The fresh capital will fund product development and the rollout of Winnow's software into new international markets.

The deal is the maiden investment for Circularity and comes two years after the GP was founded to target investments in the so-called 'circular economy', which focuses on prolonging resources for as long as possible.

Circularity typically invests £1-5m in profitable companies. Its investors include financial institutions, corporations, family offices and global impact investors, according to a statement.

Company
Winnow Solutions was founded in 2013 and is headquartered in London. The company's software enables kitchen staff to quickly identify items thrown away and then analyses the data to allow restaurant and catering managers to adjust their orders with the aim of reducing waste and saving money. The business has additional offices in offices in Dubai, Shanghai and Singapore, and currently has customers in 29 countries. Winnow's clients include Ikea, Compass Group, AccorHotels and Costa Cruises.

People
Circularity Capital - David Mowat (co-founding partner).
Mustard Seed Ventures - Henry Wigan (founder).
Winnow Solutions - Marc Zornes (co-founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Venture