Saveggy Secures €1.76 Million to Advance Plastic-Free Packaging

Saveggy, headquartered in Lund, Sweden, recently announced a significant milestone with the successful completion of a funding round, raising €1.76M. This funding marks a crucial step forward for the company’s mission to revolutionize food packaging with its innovative plant-based solution. With a staggering 45% of vegetables wasted globally, Saveggy’s focus on extending the shelf life of produce while minimizing environmental impact has garnered attention and support from investors.

The cornerstone of Saveggy’s offering lies in its plant-based packaging, designed to replace traditional plastic materials. This eco-friendly alternative is particularly targeted at fruits and vegetables with edible peels, such as cucumbers. What sets Saveggy apart is its status as the sole company in this niche market to receive approval from EU regulators, underscoring the credibility and potential of its solution.

Saveggy’s innovative technology revolves around an additive-free formula derived from a blend of canola and oats. This natural concoction is meticulously applied to freshly harvested fruits and vegetables, such as cucumbers, after they undergo thorough washing and drying processes. By harnessing the inherent properties of these natural ingredients, Saveggy endeavors to introduce a sustainable packaging solution that not only mitigates waste but also preserves the freshness and quality of the produce. This commitment to harnessing the power of nature underscores Saveggy’s dedication to environmental responsibility and innovation in the packaging industry.⬤

Saveggy’s aspirations extend far beyond cucumbers, as the company aims to diversify its product range to encompass a broader array of fruits and vegetables. By doing so, Saveggy seeks to navigate the intricate regulatory landscape governing various produce categories, ultimately expanding its market footprint and influence. This strategic expansion underscores Saveggy’s commitment to providing sustainable packaging solutions across the entire spectrum of fresh produce, further solidifying its position as a leader in environmentally conscious packaging within the food industry.

The team behind Saveggy comprises industry veterans and seasoned professionals dedicated to driving innovation in food packaging. CEO Arash Fayyazi and CINO Vahid Sohrabpour bring a wealth of experience from the packaging industry, complemented by backgrounds in applied physics, logistics, and processing. Their leadership and expertise position Saveggy as a frontrunner in the sustainable packaging space, poised for continued growth and success.

Securing new funding marks a pivotal moment for Saveggy, propelling the company towards accelerated growth and heightened market expansion. Beyond financial backing, investors in the funding round are poised to play a critical role in leveraging their vast networks within the supply chain. This strategic collaboration aims to expedite the deployment of Saveggy’s innovative packaging solutions to a wider array of distributors and retailers, amplifying the company’s market reach and impact. With this support, Saveggy is poised to solidify its position as a trailblazer in sustainable packaging, ushering in a new era of eco-friendly solutions for the food industry.

Saveggy’s vision transcends mere product innovation; it represents a holistic commitment to environmental sustainability and responsible business practices. By offering a plant-based alternative to plastic packaging, Saveggy is not only addressing a pressing environmental issue but also driving positive change within the food industry. Through their dedication to environmental stewardship, continuous innovation, and sustainable practices, Saveggy is paving the way for a greener, more sustainable future in the food sector.