What is Hazel Technologies?
Founded in 2015 and headquartered in Illinois, Hazel Technologies operates at the intersection of biotechnology and agricultural logistics. The company develops advanced solutions that address the critical challenge of food waste by extending the shelf life of fresh produce. By leveraging innovative materials science and chemical engineering, Hazel Technologies provides tools that allow growers, packers, and retailers to maintain product quality from the farm to the consumer's table. Its market position is defined by its ability to integrate seamlessly into existing supply chains, providing a scalable, sustainable alternative to traditional preservation methods. The firm's commitment to reducing environmental impact while enhancing economic efficiency has made it a cornerstone player in the modern food technology sector.
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 Rhapsody, Serra Ventures, Asahi Kasei Ventures, valley oak investments, S2G Ventures, Pangaea Ventures, ImpactAssets, Climate Impact Capital, and The Grantham Foundation
Debt (2020): $350K backed by PPP
Series C (2021): $70M with participation from Asahi Kasai Ventures, Temasek, Pontifax AgTech, Rhapsody, S2G Ventures, Pangaea Ventures, Jordan Park Group, and Jeremy and Hannelore Grantham Environmental Trust
Grant (2022): $1.5M led by U.S. Department of Agriculture
Key Investors in Hazel Technologies
S2G Ventures
S2G Ventures is a multi-stage food and agriculture venture fund that invests in entrepreneurs whose products meet the shifting demands for healthy and sustainable food across the entire supply chain.
Rhapsody Venture Partners
Rhapsody Venture Partners specializes in co-creating startups in the hard sciences, focusing on bringing emerging technologies from the lab to market with active business development support.
Temasek
Temasek is a global investment company headquartered in Singapore that acts as a generational investor, focusing on long-term value creation and sustainable growth.
What's next for Hazel Technologies?
With the support of its latest $1.5M injection, Hazel Technologies is well-positioned to accelerate its international expansion and deepen its R&D capabilities. The company is expected to focus on scaling its proprietary technology to meet the increasing demand for sustainable food systems, particularly as global supply chains face heightened pressure to reduce waste. Strategic priorities likely include the commercialization of new product lines and the strengthening of partnerships with major global retailers and agricultural producers. As the firm continues to mature, it remains a primary candidate for further industrial integration, leveraging its strong intellectual property portfolio to drive long-term value in the global AgTech market.
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