FoodMaven, a Denver, CO-based company connecting farmers and foodies to create a more sustainable food system and fight food waste, raised $15.3M in Series B financing.
The round was led by Tao Capital, with participation from Fine Line Group, the family office of Sasha and Ed Bass.
The company intends to use the funds to expand its business reach to additional markets.
Led by CEO Ben Deda, FoodMaven creates new pathways for lost food due to oversupply, out-of-spec or local food without effective distribution channels. The company sells this food through an online marketplace to restaurants and institutions like universities and hotels and donates it to hunger-relief organizations to fulfill its mission of all food used with good purpose.
Over the next 12 months, FoodMaven intends to bring its business model to Dallas-Fort Worth, TX and additional markets to demonstrate its ability to scale nationwide.
FinSMEs
09/12/2019