Imperfect Foods, a San Francisco, CA-based company which aims to eliminate food waste and build an innovative food system, closed a Series C funding round of $72m.
The round was led by Insight Partners with participation from Norwest Venture Partners. In conjunction with the funding, Adam Berger, Managing Director at Insight Partners, will be joining the Board of Directors at Imperfect Foods.
The company, which brought total raised to date to $119m, intends to use the funds to accelerate expansion of its grocery delivery service across the country, increase capacity in new and existing fulfillment centers, expand assortment and enhance technology to connect producers, farmers and customers.
Founded by Ben Simon and Ben Chesler in 2015 and led by Philip Behn, named CEO in November 2019, Imperfect Foods provides grocery delivery service rescuing and redistributing food across multiple grocery categories – including produce, shelf-stable goods, dairy, meat and seafood. Over the past year, the company has seen growth across key areas of the business. Specifically, average order sizes have doubled year over year and weekly order volumes have doubled since January.