Ryp Labs, founded in 2017 and headquartered in the United States, is revolutionizing the agriculture and biotechnology sectors with its mission to combat food waste. The company addresses a critical global issue, as up to 50% of food produced globally is wasted, translating to over $2.6 trillion in losses.
Backed by the USDA and the NSF, Ryp Labs leverages biomimicry in developing its innovative solutions like Shelf-Defense and StixFresh. These food-safe labels and stickers can double the shelf-life of fresh produce, providing significant benefits for growers and distributors by reducing waste and maximizing profits.
Ryp Labs recently secured an $8.10M Series A investment on December 21, 2023, with contributions from investors such as BCP Ventures, King Philanthropies, Ocean Born Foundation, The Good Investors, and the Argosy Foundation. This funding underscores the potential impact and profitability of Ryp Labs' sustainable solutions in the agriculture industry.