Anterra Capital has invested in food preservation company in the UK, Food Freshness Technology (FFT) to improve the food and agriculture supply chain.
The investment will be used for FFT’s It’sFresh! ethylene-absorbing technology, which is claimed to extend the shelf life of packaged food products such as strawberries, tomatoes, melons as well as avocados..
FFT’s technology is available as a pad which can be inserted into fresh produce packaging that absorbs ethylene gas and stimulates ripening of the fruits, in order to slow ripening and decaying of fresh produce.
Anterra Capital managing partner Adam Anders said the food industry is on look out for new technologies to solve the issues that are cropping up.
"FFT is a prime example of an innovative company that has the potential to transform the global food supply chain," Anders added.
The investment will be funded with support from Moonray Investors and Rabobank.
Rabo Private Equity Fund Investments managing director Lizette Sint said, "The global food system needs to be transformed in order to secure the long-term food supply. We believe innovation is a key requirement to make this transformation happen."