Flashfood Raises $12.3M Series A to Scale Grocery Partnerships Throughout the U.S. to Tackle Retail Food Waste
Summary
The funding will support Flashfoods continued expansion in the U.S. and enhance the companys ability to feed more families affordably by working with retailers to sell food that would typically be discarded. Flashfood is changing this statistic through a digitally-driven solution for grocery retailers to sell surplus food, reduce shrink and their carbon footprint, while also increasing grocers profits. "At S2G Ventures, our mission is to back trailblazing entrepreneurs working to build a healthier and more sustainable food system and weve seen how Flashfood can help deliver on this vision," said Chuck Templeton, managing director at S2G. Shoppers purchase items directly in the app, reducing the need for in-store shopping, and then pick up their order any time during the day from the Flashfood zone in their participating store. Core areas of interest for S2G are agriculture, oceans, ingredients, infrastructure and logistics, IT and hardware, food safety and technology, retail and restaurants, and consumer brands.