What is Divert?
Since its inception in 2007, Divert has established itself as a leader in combating the environmental and humanitarian challenges posed by food waste. The company's innovative approach has consistently demonstrated that sustainability initiatives can align with robust business performance, benefiting businesses, communities, and the planet. Divert's operations are designed to yield unparalleled results for its clientele, proving that ecological responsibility and profitability are not mutually exclusive.
How much funding has Divert raised?
Divert has raised a total of $193.1M across 5 funding rounds:
Private Equity
$2.7M
Debt
$350K
Unspecified
$20M
Private Equity
$80M
Other Financing Round
$90M
Private Equity (2017): $2.7M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Unspecified (2023): $20M supported by Ara Partners
Private Equity (2023): $80M featuring Enbridge
Other Financing Round (2025): $90M, investors not publicly disclosed
Key Investors in Divert
Ara Partners
Ara Partners is a global private equity firm focused on decarbonizing the industrial economy by commercializing and scaling companies that contribute to the transition to net-zero. The firm invests in high-polluting sectors, providing products and services with reduced waste and emissions while maintaining cost parity. Their strategies encompass private equity, infrastructure, and energy, targeting areas such as industrial manufacturing, chemicals, and energy efficiency. Ara Partners aims to support businesses with specialized skills to enhance their growth and optimize operations in the pursuit of a sustainable future.
Enbridge
Founded in 1949 and headquartered in Alberta, Canada, Enbridge is a company specializing in the transport of energy. Enbridge operates in Canada and the U.S. as a crude oil and liquids transportation system, natural gas transmission and midstream businesses.
PPP
Public-Private Partnership
What's next for Divert?
With substantial enterprise-level backing, Divert is poised for accelerated growth and expanded impact. The company's strategic focus will likely involve scaling its operations to reach a wider market, further developing its proprietary technologies for food waste diversion, and potentially exploring new avenues for sustainable resource management. This significant investment signals a strong belief in Divert's mission and its capacity to drive meaningful change in the food industry and beyond, positioning the company for continued leadership in the sustainability sector.
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