The Problem: Video Here

The problem that PostHarvest is tackling is extremely large!

• Up to 45% of all fresh produce is lost or wasted each year.

• This has a value of over $700 Billion annually.

• It equates to 1.3 billion tonnes of fresh produce, which is mostly thrown into landfills.

• This waste has a larger carbon footprint than the entire Airline Industry.

Current Practices:

Current Industry standards for monitoring fruits & vegetables while in storage, often require invasive techniques that mostly lead to destroying samples, while also disrupting the controlled atmosphere conditions of a storage environment in the process.

The current industry standard for monitoring and analysing the health of fresh produce within storage is by way of a gas chromatography (GC) machine.

This process can take anywhere from 48 hours up to 2 weeks for results to be returned, rendering them obsolete, as overripened produce can have irreversible effects on surrounding produce in as little as 3 hours of exposure.

Our Solution:

PostHarvest has created a revolutionary and multi-patented device. The device is able to capture samples of the atmosphere and provide readings down to 1 Part Per Billion (PPB). These samples are measured and compared through our AI system, which in turn tells the operator the current state the produce is being stored in and when the produce will be ready to be sent to retail up to 9 months in advance.

PostHarvest’s innovative service turns storage monitoring from reactive to proactive, potentially saving billions of dollars across the globe each year.

We currently have 30 major strategic companies waiting on trial to purchase units, representing over 500,000 potential unit sales on a $10-a-day subscription. Along with the largest North American reseller and distributor inside AgTech wanting to on-sell our devices on a commision basis.

The total addressable market is hard to estimate as few companies make the number of cool rooms they use open to the public. After a short time in the market, we estimate it to be over 5–10 million.

This is based on clients we are currently working with in America, Australia, and New Zealand, then adjusting to the world according to the amount of produce they export per capita per year and how many cool rooms they would need to activate this.

We are already seeing the FDA starting to require companies to insure produce is healthy, and the public is slowly starting to demand there be a traceable way to ensure the food they are eating is safe and stored in a sustainable manner. Many suppliers, distributors, and retailers reach out to us, wanting to adopt a better fresh produce handling model within their operations, while also saving millions in produce losses.

• Muti-patented, world-class engineering team with extensive industry-specific experience across both hardware and software development

• Real-time alerts and actionable data points

• API and autonomous functionality

• Industry-wide, unique product calibration capabilities

• User-friendly software interface

• Industry counsel and partnerships for greater industry need fulfilment

• Highly experienced sales and marketing team

• A well-seasoned management team with a background in successful start-ups

• Initial Patent – May 2017

• Company Founded – April 2019

• Pre-seed Funding – June 2019

• Edison Award: Environmental Impact Solution – March 2020

• Amended Patent – April 2020

• Good Design Award: Best in Class – August 2020

• Listed in the Foodtech 500 – March 2021

• Extreme Tech Challenge: Global Finalist – May 2021

• SingularityU: Global Impact Challenge – July 2021

• Seed Funding – September 2022

• Thrive: Global Impact Challenge – November 2022

• Patent #2 – June 2023

• Australian Agritech Awards: Best Food Tech – July 2023

We currently have around 20 investors, ranging from family members to professional investors from New Zealand, Australia, and the United States. It’s the first time we’re providing an investment opportunity outside our immediate network.

PostHarvest’s CEO, John Shannon, has put down over $1.5 million. Other reputable investors will remain anonymous unless requested.

PostHarvest is actively engaged in both domestic and international field trials in collaboration with industry partners. Currently, significant focus is placed on concluding unit trials with the University of New South Wales (UNSW), along with receiving expressions of interest from some of our top-tier industry clients, including major fresh food suppliers, distributors, and retailers in Australia.

Simultaneously, our award-winning sensor technology has garnered international collaboration with some of the biggest names in the North American and European markets.

As field trials progress successfully with industry partners, PostHarvest is strategically positioned for a commercial product rollout. This pivotal phase marks the transition from trials to full-scale implementation, offering innovative solutions to address post-harvest challenges. The culmination of customer trials not only signifies the validation of our products but also sets the stage for widespread adoption, emphasising PostHarvest’s commitment to delivering impactful solutions on a global scale.

Our company is excited to announce that in 2024 we will be looking to raise $10 million at a $US100 million valuation to help fund the company’s production of our first 10,000 commercial units at $10 a day per unit.

We are seeking VCs or companies that are passionately aligned with our mission to reduce food waste and increase food security globally.

The raised funds will be matched by government and industry grants, totalling $20 million. 86% of which will go directly into the manufacturing and installation of the initial 10,000 commercial units.

The funds we make back from the initial build and installation of units will help finance the next development round of commercial units, and so on and so forth.

Our mission is to work with the top industry leaders that make up nearly 80% of the fresh produce trade’s ripening, degreening, and cool rooms, which will allow PostHarvest to significantly reduce resource, energy, labour, and food waste globally.