Venture Capital News: Hazel Technologies Grabs $70M Series C
CHICAGO, IL, Hazel Technologies today announced that it had finalized documentation relating to a $70 million Series C financing round.
Hazel Technologies, a USDA-funded agricultural technology company delivering new solutions to combat food waste, today announced that it had finalized documentation relating to a $70 million Series C financing round, which will bring the company's cumulative total raised to over $87 million. The Series C round is co-led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), and Temasek, a global investment company headquartered in Singapore. The oversubscribed Series C round has also attracted new and returning investors S2G Ventures, Pangaea Ventures, Rhapsody Venture Partners, Asahi Kasai Ventures, Jordan Park Group, and the Jeremy and Hannelore Grantham Environmental Trust.
Hazel Technologies is a USDA-funded startup company that develops new solutions to extend the quality shelf life of fresh produce and reduce food waste. Founded in 2015, Hazel TechÂ® services over 160 of the world's largest fresh produce packers, shippers, and retailers. Selected as a Finalist for Fast Company's 2020 World Changing Ideas and winner of "Best Sustainable Packaging" at the 2020 World Food Innovation Awards, the company's patent-pending technologies have been tested by top academic research programs including UC Davis, Cornell University, and Oregon State University. In 2021, Hazel is on track to be used with over 6.3 billion pounds of fresh produce, preventing more than 500 million pounds from going to waste. For more information, visit www.hazeltechnologies.com.
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