Saveggy is the food-tech company that has created a plant-based edible coating for fruits and vegetables that can reduce the usage of plastics, and at the same time extend the shelf life. Now, the company has secured 1,76 million euros in investments.
Saveggy was founded in 2020 by Arash Fayyazi and Vahid Sohrabpour, both with extensive experience in the packaging industry along with backgrounds in applied physics, logistics and processing respectively.
The Saveggy invention is a thin, invisible layer on the surface of vegetables and fruits. This layer acts as a protective shield, preventing moisture loss and slowing down oxidation. It helps retain the natural moisture, firmness and appeal of the product, ensuring a longer shelf life.
To the left: a cucumber without protection. To the right: a cucumber with the Saveggy protective coating
In April 2024 it was made official that Saveggy has secured new investors to its invention. The new investors are impact investors Unconventional Ventures, LRF Ventures, Almi Invest GreenTech and industry angels.
– We are very pleased to have gathered a team of impact investors who share our mission to help the world waste less. We believe that freshness, the health of our planet, and the well-being of people should always remain uncompromised. With this financing round, we will launch at industrial scale our first product, says co-founder and CEO Arash Fayyazi.
The support that Saveggy has gained from major retailers so far has been a success factor for the company, according to Chief Innovation Officer Vahid Sohrabpour.
– The financial and professional support from Lidl – one of the world’s top 5 retail groups – was instrumental in developing a superior product, while our collaboration with ICA – the largest Swedish retailer – helped validate our innovation. Today, with our production facility secured, we stand ready to make a significant impact in waste reduction on a large scale. Thanks to this investment, we’re thrilled to introduce our groundbreaking technology to the world.
