TotalCtrl, an Oslo-based food waste prevention software company, announced recently that it has received a significant investment from Norwegian investment company Newday.. Besides Newday, existing investors, including Loyal. VC, also invested. The company says it will use the funds to accelerate its growth nationally and internationally.
TotalCtrl is a foodtech company that leverages its Inventory Management System to help the food industry optimise the planning, purchasing, and use of food inventory by providing data-driven insights and decision support to make fact-based and sustainable choices.
The company works with Halden municipality, Nordic Choice, and Bergstadens hotel – which can show good results in food waste reduction and improved profitability.
Further, TotalCtrl is a certified B corp company, which means it maintains the highest standards in social and environmental impact globally.
“Today is a big day for us at TotalCtrl. The fact that Newday, through a comprehensive process, has chosen to invest significant amounts and not least to contribute important experience, expertise, and passion – means that we can now take the company to a new level. Moreover, Newday’s investment means that TotalCtrl now has the muscle to grow”, says Charlotte Aschim, CEO of TotalCtrl.