What is Provision?
Founded in 2018 and headquartered in Canada, Provision is at the forefront of building digital food safety solutions designed to mitigate time, cost, and risk for businesses. The company's innovative approach leverages technology to enhance critical safety protocols within the food industry, addressing a growing demand for efficiency and compliance in a highly regulated sector. This focus positions Provision as a key player in the food tech landscape, offering scalable solutions for a global market.
How much funding has Provision raised?
Provision has raised a total of $6M across 1 funding round:
Private Equity
$6M
Private Equity (2022): $6M with participation from Waterpoint Lane, DNV, Serra Ventures, Trailhead Capital, and Level 46
Key Investors in Provision
DNV
DNV is an independent risk management and quality assurance company serving multiple industries. Founded in 1864 and headquartered in Oslo, Norway, it provides expertise in areas like energy and renewables.
Serra Ventures
Serra Ventures is a venture capital firm focused on early-stage technology startups, particularly in the AgTech sector, managing multiple funds to support innovation in technology and agriculture.
Trailhead Capital
Trailhead Capital is a mission-driven investment firm supporting entrepreneurs in the regenerative food and agriculture sector, aiming to generate financial, societal, and ecological returns.
What's next for Provision?
The recent major enterprise-level funding and strategic investment indicate that Provision is poised for significant expansion. This capital infusion is likely to fuel further research and development, enhance market penetration, and potentially broaden the company's service offerings. With a clear focus on digital food safety, Provision is well-positioned to capitalize on industry trends and solidify its market leadership, driving innovation and setting new standards for safety and efficiency.
See full Provision company page
