Copenhagen: Too Good to Go, the world’s largest B2C marketplace for surplus food, has landed an investment of €25.7 million, led by growth venture capital fund blisce/ who participated with an investment of €12.7 million. The fresh funds will go toward expanding Too Good To Go’s operations, notably in the US market where 40% of edible food is wasted.
Founded in 2015 and now present in 15 countries, Too Good To Go saves more than 100,000 meals every day by connecting consumers with restaurants and grocery stores in their local communities through its dedicated mobile app.
With consumers flocking en masse toward sustainable brands, Too Good To Go, with its win-win-win solution for consumers, business owners, and the planet, is well-positioned to further scale and reach ever more users looking to align their values with their purchasing decisions.
Mette Lykke, CEO at Too Good To Go, added: “There is a growing understanding amongst VCs and investors of the impact that can be made through funding a mission-driven company. blisce/ demonstrated this from the moment they approached us, and we are confident as a company that we can continue prioritizing values and impact as we work together. Global food waste is a challenge that requires many solutions. As a company, we will continue to rise to this complicated challenge and make a positive impact on the issue in 2021. We will be using this investment to support the rapid growth of our US operation and will continue to work with our partners across Europe, where we’re saving tens of thousands of meals through our app every day.”