Platter secures follow-on funding for food supply modernisation

UK-based Platter has secured follow-on funding from Verb Ventures to advance its "food-native operating system" designed for supply chain digitisation. The investment, detailed in a recent report, targets the modernisation of operations for food suppliers, wholesalers, and manufacturers, aiming to enhance efficiency across a crucial sector. Platter's platform seeks to streamline the complex processes inherent in the food supply chain, addressing critical needs for improved transparency and operational flow.

The digitisation of agri-food supply chains is a key area of innovation, with various initiatives focusing on enhancing data integrity and traceability. Projects like DIGI-TRUSTY, for example, have explored the development of turnkey digital platforms for agri-food actors, offering continuous and real-time traceability from farm to store. This approach, centered on creating product digital twins, aims to meet market and regulatory demands for transparency.

Similarly, the ALLIANCE project has worked on a holistic framework to safeguard data integrity and veracity within food supply chain systems. It focuses on enhancing traceability, transparency, and interoperability, particularly in quality-labelled food categories, by leveraging innovative technology solutions. These efforts underscore a broader industry push towards more robust and transparent food supply networks. Platter's system integrates into this evolving landscape by providing a dedicated operating system for key players in the food sector. By focusing on digitising core operations, the company aims to reduce inefficiencies and improve the overall resilience of food supply chains. The funding from Verb Ventures indicates continued investor confidence in solutions that address these long-standing industry challenges.

What this means: This follow-on funding for Platter highlights the ongoing investment and innovation directed at modernising the agri-food supply chain, reflecting a clear demand for enhanced efficiency and transparency from farm to consumer.