YourLocal

YourLocal is a Danish startup that aims to combat food waste while providing savings for consumers and additional revenue for local businesses. Founded in 2015, the company's slogan, "Hvert måltid tæller! Hjælp os med at redde måltider i dit lokalmiljø" emphasizes the importance of every meal and encourages assistance in saving meals in the local community. The description outlines how YourLocal offers high-quality surplus food from local retailers at a significant discount of 50-70%, benefitting both businesses and consumers. The company's efforts not only reduce food waste but also help in minimizing methane gas emissions, contributing to sustainability. Operating as an app-based marketplace, YourLocal enables consumers to purchase surplus food from local restaurants at a discounted rate, ensuring that unsold food is utilized. The platform facilitates direct in-app booking and payment, with buyers collecting their orders within a specified time frame. Furthermore, the app allows local businesses to swiftly create offers on surplus food, preventing potential wastage. Notably, offers are showcased in a feed, and users receive push notifications for new deals from the stores they follow. In its last investment round, YourLocal received a Convertible Note investment on 27 January 2020, with participation from SOSV and FOOD-X. This financial backing underscores investor confidence and signifies the potential seen in the company's innovative approach to reducing food waste while creating commercial value. With its impactful business model and backing from notable investors, YourLocal presents an intriguing opportunity for sustainability-conscious investors and aligns with the growing interest in impactful Food and Beverage startups.