Unsold Food Market Snags $12M.

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Karma has raised $ 12 million in Series A financing, led by Swedish financial investment company Kinnevik. Individuals also included U.S. equity capital company Bessemer Endeavor Partners, home appliance maker Electrolux and previous VC company backer e.ventures. This most current round brings Karma’s overall financing to $ 18 million.Founded in late 2015 by Hjalmar Ståhlberg Nordegren, Ludvig Berling, Mattis Larsson and Elsa Bernadotte, Karma is an app-based marketplace that enables regional restaurants and grocery shops to sell unsold food at a discount straight to consumers. Users register their area with the app, then search numerous food merchants and food items/dishes that are on sale. Consumers pay through the Karma app and get the food before closing time. There is likewise the option to follow preferred facilities and get notifies when brand-new food is noted every day.

“One third of all food produced is squandered,” Karma CEO Ståhlberg Nordegren told … … … … … You Might Also Like:

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