Flashfood, a Toronto, Canada-based provider of a mobile marketplace providing customers access to discounted food, raised $12.3M in Series A funding.
The round was led by investor S2G Ventures, with participation from ArcTern Ventures, General Catalyst, Food Retail Ventures, Rob Gierkink and Alex Moorhead. S2G Ventures managing director and founder of OpenTable, Chuck Templeton, will join the Flashfood board of directors.
The company intends to use the funds to continue expansion in the U.S. by working with retailers to sell food that would typically be discarded.
Led by CEO Josh Domingues, Flashfood is an app-based marketplace focused on eliminating retail food waste by connecting consumers with discounted food. The mobile app operates in over 1,200 grocery locations throughout the U.S. and Canada. Shoppers can buy items from grocery retailers through the app and pick them up in-store while collectively reducing food waste.
Today, Flashfood can be found in over 1200 participating partner stores including GIANT, Stop & Shop, Giant Food of Maryland, Meijer, Tops, Martin’s Markets, Family Fare, Loblaw Companies Limited and more. To date, it has diverted more than 33 million pounds of food from landfills through partnerships with grocery stores throughout the U.S. and Canada.
FinSMEs
28/02/2022