What is Hazel Technologies?
Headquartered in Illinois, Hazel Technologies operates at the intersection of biotechnology and supply chain logistics. The company specializes in developing advanced solutions aimed at extending the shelf life of fresh produce, thereby addressing the systemic challenge of global food waste. By leveraging scientific innovation to maintain product quality from harvest to retail, Hazel Technologies provides a value proposition that resonates with both environmental sustainability goals and the economic imperatives of large-scale agricultural producers.
The firm's market position is bolstered by its deep integration into the food system, supported by strategic partnerships and a diverse portfolio of intellectual property. As a leader in the AgTech space, the company continues to refine its offerings to meet the evolving demands of a global market increasingly focused on resource efficiency and waste reduction.
How much funding has Hazel Technologies raised?
Hazel Technologies has raised a total of $90.9M across 7 funding rounds:
Multiple Rounds
$6.1M
Series B
$13M
Debt
$350K
Series C
$70M
Grant
$1.5M
Angel/Seed (2017): $800K with participation from Rhapsody, VentureWell, and valley oak investments
Series A (2017): $3.3M led by S2G Ventures
Private Equity (2017): $2M supported by S2G Ventures
Series B (2019): $13M featuring The Grantham Foundation, Asahi Kasei Ventures, Climate Impact Capital, S2G Ventures, valley oak investments, Serra Ventures, Pangaea Ventures, Rhapsody, and ImpactAssets
Debt (2020): $350K backed by PPP
Series C (2021): $70M with participation from Pangaea Ventures, Rhapsody, Pontifax AgTech, Asahi Kasai Ventures, Temasek, S2G Ventures, Jeremy and Hannelore Grantham Environmental Trust, and Jordan Park Group
Grant (2022): $1.5M led by U.S. Department of Agriculture
Key Investors in Hazel Technologies
S2G Ventures
A multi-stage food and agriculture venture fund that invests in entrepreneurs whose products and services meet the shifting demands for healthy and sustainable food.
Pangaea Ventures
A leading venture capital firm specializing in hard tech, focusing on investments in start-up companies that utilize advancements in materials, chemistry, and biology to tackle significant global challenges.
Rhapsody
Rhapsody Venture Partners specializes in investing and co-creating startups in the hard sciences, focusing on bringing emerging technologies from the lab to market.
What's next for Hazel Technologies?
With the recent influx of capital, Hazel Technologies is well-positioned to accelerate its commercial expansion and deepen its R&D capabilities. The strategic focus will likely shift toward scaling operations to meet international demand and enhancing its technological suite to address a broader range of perishable commodities. By maintaining its commitment to hard-tech innovation, the company is poised to solidify its leadership in the sustainable agriculture market, potentially exploring new avenues for vertical integration within the global food supply chain.
See full Hazel Technologies company page
