Address
Hazel Technologies Inc
8025 Lamon Avenue
#446
Skokie, IL 60077
United States
Company type
New solutions to extend the quality shelf life of fresh produce and reduce food waste.Overview
Hazel Technologies is a USDA-funded startup company that develops new solutions to extend the quality shelf life of fresh produce and reduce food waste. Founded in 2015, Hazel Tech® services over 160 of the world's largest fresh produce packers, shippers, and retailers. Selected as a Finalist for Fast Company's 2020 World Changing Ideas and winner of "Best Sustainable Packaging" at the 2020 World Food Innovation Awards, the company's patent-pending technologies have been tested by top academic research programs including UC Davis, Cornell University, and Oregon State University. In 2021, Hazel is on track to be used with over 6.3 billion pounds of fresh produce, preventing more than 500 million pounds from going to waste.
Funding rounds
Series C USD 70,000,000
USD 70,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech) | Initial investment. Led the round. | ||
|
Temasek Holdings (Pte) Ltd | Singapore's sovereign wealth fund. | Initial investment. Led the round. | |
|
Jordan Park Group | Initial investment. | ||
|
S2G Ventures (Seed to Growth Ventures) | Multi-stage investment firm focused on the food and agriculture industry. | Initial investment. | |
|
Asahi Kasei Corporate Venture Capital (Asahi Kasei Ventures) | Follow-on investment. | ||
|
Jeremy and Hannelore Grantham Environmental Trust | Public charity and 509(a)(3) supporting organization focused on reducing and reversing global environmental degradation. | Follow-on investment. | |
|
Pangaea Ventures Ltd | Follow-on investment. | ||
|
Rhapsody Venture Partners | Venture capital firm focused oh hard science startups addressing industrial problems. | Follow-on investment. |
Series B USD 13,000,000
USD 13,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Pangaea Ventures Ltd | Initial investment. Led the round. | ||
|
|
S2G Ventures (Seed to Growth Ventures) | Multi-stage investment firm focused on the food and agriculture industry. | Initial investment. Led the round. | |
|
|
Asahi Kasei Corporate Venture Capital (Asahi Kasei Ventures) | Initial investment. | ||
|
|
Jeremy and Hannelore Grantham Environmental Trust | Public charity and 509(a)(3) supporting organization focused on reducing and reversing global environmental degradation. | Initial investment. | |
|
Climate Impact Capital (CIC) | Mission-driven impact investing firm focused on the mitigation and adaptation to climate change. | Follow-on investment. | |
|
ImpactAssets | Follow-on investment. | ||
|
|
Rhapsody Venture Partners | Venture capital firm focused oh hard science startups addressing industrial problems. | Follow-on investment. | |
|
Sierra Ventures Management LLC | Venture capital firm based in San Mateo, California. | Follow-on investment. | |
|
Valley Oak Investments | Follow-on investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
United States Department of Agriculture (USDA) | Initial investment. |
Team
| Employee | Position | ||
|---|---|---|---|
| Aidan Mouat |