Food waste technology firm Limetrack has raised more than £1.3m to fuel its next phase of growth across the UK and Europe.
The London-based company helps customers cut costs, reduce carbon and meet regulatory requirements through its patented ‘Smart Bin’.
Founded in 2021 by serial entrepreneur Andy King and software engineer Cord Schneider, Limetrack has developed and patented an internet of things-enabled food waste bin that automatically weighs and reports waste and carbon emissions.
This helped businesses to reduce waste and meet strict new ‘Simpler Recycling’ laws, which came into force in the UK in March 2025 and require food waste to be separated.
Limetrack customers include multiple NHS trusts, independent schools, office blocks, restaurants, hotels and care homes, as well as all the major UK waste-management firms.
The business is also in discussions with a large number of other major UK businesses over potential trials of its products, including Heathrow Airport and a national fast-food chain.
The new funds were raised through a combination of a £1m loan from government-sponsored Innovate UK and £320k in equity from backers including waste industry corporates, an impact VC fund and angel investors.
Limetrack will use the money to scale the production and deployment of its next-generation Smart Bins, enabling the business to fulfil existing and pre-orders, with a pipeline of more than 5,700 units for 2026.
“We are delighted to have secured the funding to scale Limetrack up to meet the needs of UK organisations facing multiple pressures to reduce cost and measure food waste,” said co-founder and CEO Andy King.
“We aim to make food waste measurement effortless so that businesses can report with confidence, while cutting costs and carbon emissions. With 10.7 million tonnes of food wasted each year in the UK there is a huge opportunity, and the recent introduction of Simpler Recycling legislation means there is a legal necessity for most businesses, as well as an economic incentive.
“It’s been a brilliant journey so far, but we’re only just getting started. Our immediate focus is on scaling across the UK before expanding into Europe in 2027.”
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