Hazel Technologies, Inc., a Chicago, IL-based agricultural technology company, closed a $3.26m Series A funding.
The round was led by Chicago-based S2G Ventures, with participation from Rhapsody Venture Partners, Serra Ventures, Valley Oak Investments, and Climate Impact Capital.
The company intends to use the funds to increase production capacity.
Led by Aidan Mouat, CEO and Co-Founder, Hazel Technologies is an USDA-supported agricultural technology company developing new solutions to combat the growing global food waste problem by increasing the shelf life of produce.
Hazel’s products are packaging inserts that release an anti-fungal shelf-life extending vapor. With the drop-in solution, the shelf-life of produce can be extended by as much as three times by preventing fungus and decay.
In 2017 and 2018, the company announced partnerships with major domestic and international produce growers, including Dresick Farms International (“DFI”), the 10th largest grower by acreage in California, and Agritrade Farms International, one of the largest growers of specialty vegetables in Latin America.