Imperfect Foods raises $72M to expand grocery delivery
Imperfect Foods, a firm that specializes in eliminating food waste through grocery delivery, has raised $72 million in Series C funding led by Insight Partners.
The round was backed by existing investors, including Norwest Venture Partners, which led the company's Series B round, according to a press release.
The funding will be used to expand grocery delivery across the U.S., increase capacity in existing and new fulfillment centers and enhance technology to better connect producers and farmers to customers.
"We're energized by the continued support from investors as we eliminate food waste and build a better food system for everyone," Philip Behn, CEO of Imperfect Foods, said in the release. "We're illuminating vast vulnerabilities within our food supply chain and increasing access to fresh and affordable groceries."
The company had previously raised a total of $47 million from a range of investors, including Norwest, Mavron, Shasta Ventures, Flybridge, Corigin Ventures and Kevin Durant. The new round brings total funding to date to $119 million.
Adam Berger, managing director at Insight, will join the Imperfect board.