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Access here alternative investment news about Karma Raises $12M For Marketplace That Helps Restaurants And Supermarkets Reduce Food Waste
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Karma Raises $12M For Marketplace That Helps Restaurants And Supermarkets Reduce Food Waste

by venturebeat.com posted 9months ago 48 views
Around one third of the food produced each year — 1.3 billion tons of it — is either lost or wasted, according to data from the United Nations’ Food and Agriculture Organization. That’s the equivalent of flushing $1 trillion worth of perfectly edible food down the toilet. Against that sobering backdrop, Karma, a marketplace that’s setting out to reduce food waste, has raised $12 million in a series A round of funding led by Swedish investment firm Kinnevik, with participation from Bessemer Venture Partners, Electrolux, and E.ventures, among others. This takes the company’s total funding since its inception to $18 million.

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