Matsmart

Matsmart

Matsmart prevents food waste by selling surplus online, saving 2022 tonnes in 2017 with explosive growth.

Founded 2014 Sweden

Sweden Series D Total: $180.58M E-Commerce, Food and Beverage +1

Matsmart, a Swedish startup founded in 2014, is making a significant impact in the E-Commerce, Food and Beverage, and Retail industries. The company's mission, as encapsulated by its slogan "Matsmart prevents food waste by selling surplus online, saving 2022 tonnes in 2017 with explosive growth," is to prevent food waste by retailing surplus food through their online platform. In 2017 alone, Matsmart managed to prevent a staggering 2022 tonnes of food from being discarded. This commitment to sustainability and social responsibility has been accompanied by strong financial performance, with recurring revenues reaching SEK 200 million. Matsmart's recent achievement is underscored by their last investment of $43.68M, secured through a Series D investment on 20th November 2023. Notably, this investment was led by Circularity Capital and Seven Ventures. It's evident that Matsmart's innovative approach to addressing food waste and its remarkable growth trajectory make it an attractive prospect for investors. As Matsmart continues to expand its reach and make a positive impact on the environment, it presents compelling opportunities for potential investors in the sustainable e-commerce space.

Funding Stage	Amount	Investors	Lead Investors	Date
Series D	$43.68M	2	Circularity Capital, Seven Ventures	20 Nov 2023
Series C	$27.00M	8	Northzone, SEB Venture Capital +6	01 Nov 2021
Venture Round	$18.40M	4	Northzone, Norrsken VC +2	08 Oct 2019
Venture Round	kr75.00M	2	Norrsken VC, D-Ax	18 Dec 2017
Venture Round	$8.00M	7	Northzone, GP Bullhound +5	21 Jun 2017
Venture Round	$3.50M	2	Northzone, GP Bullhound	15 Dec 2015
Seed Round	kr5.00M	-		06 Oct 2015

Funding Stage

Amount

Investors

Lead Investors

Date

Series D

$43.68M

Circularity Capital, Seven Ventures

20 Nov 2023

Series C

$27.00M

Northzone, SEB Venture Capital +6

01 Nov 2021

Venture Round

$18.40M

Northzone, Norrsken VC +2

08 Oct 2019

Venture Round

kr75.00M

Norrsken VC, D-Ax

18 Dec 2017

Venture Round

$8.00M

Northzone, GP Bullhound +5

21 Jun 2017

Venture Round

$3.50M

Northzone, GP Bullhound

15 Dec 2015

Seed Round

kr5.00M

06 Oct 2015

FAQ About Matsmart

Matsmart prevents food waste by selling surplus online, saving 2022 tonnes in 2017 with explosive growth.

Matsmart was founded in 2014.

Matsmart is headquartered in Sweden.

Matsmart operates in E-Commerce, Food and Beverage and Retail. Its work centres on food waste prevention, surplus food retail, reduced waste and revenue growth.

Matsmart has completed 7 funding rounds, raising a total of $180.58M. The latest funding stage is Series D.

Top alternatives and competitors to Matsmart include Approved Food, Grillo's Pickles. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Matsmart and Approved Food are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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Funding Rounds & Investors (7)

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