What is Hazel Technologies?
Hazel Technologies, established in 2015 and headquartered in Illinois, United States, is at the forefront of developing innovative solutions to combat food spoilage. Leveraging USDA support, the company's proprietary technology aims to enhance the quality and longevity of fresh produce, thereby significantly reducing waste across the supply chain. This mission aligns with growing global concerns about food security and sustainability.
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 valley oak investments, Rhapsody, and VentureWell
Series A (2017): $3.3M led by S2G Ventures
Private Equity (2017): $2M supported by S2G Ventures
Series B (2019): $13M featuring S2G Ventures, Asahi Kasei Ventures, The Grantham Foundation, Pangaea Ventures, Rhapsody, Climate Impact Capital, Serra Ventures, valley oak investments, and ImpactAssets
Debt (2020): $350K backed by PPP
Series C (2021): $70M with participation from Jeremy and Hannelore Grantham Environmental Trust, S2G Ventures, Pontifax AgTech, Pangaea Ventures, Rhapsody, Asahi Kasai Ventures, Temasek, and Jordan Park Group
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 investing in entrepreneurs whose products and services meet the shifting demands for healthy and sustainable food. S2G looks for companies that can take leadership positions in emerging and fast growing markets in the food and agriculture sector.
Pangaea Ventures
Pangaea Ventures is 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. With over 25 years of experience, they aim to drive industrial transformation and promote sustainability through their portfolio.
Pontifax AgTech
Aliment Capital is a sector-focused investment firm dedicated to advancing a sustainable future through strategic partnerships with industry-leading companies in food systems, supply chain innovation, and health and nutrition. The firm emphasizes the importance of environmental outcomes while seeking attractive financial returns.
What's next for Hazel Technologies?
The substantial capital infusion, particularly the recent strategic investment, positions Hazel Technologies for accelerated growth and market expansion. This backing is expected to fuel further research and development, enhance production capabilities, and broaden the company's reach into new markets. The company's trajectory suggests a strong focus on scaling its operations and solidifying its role as a key player in the AgTech sector, addressing critical challenges in food preservation and waste reduction.
See full Hazel Technologies company page
