Karma raises more money, expands its food app internationally.
Karma, a Stockholm, Sweden-based company providing a food waste service, raised a SEK 30M ($3.6M) investment round.
Karma, founded in 2015 and led by CEO Hjalmar Ståhlberg Nordegren, has developed a service that helps restaurants, cafés and grocery stores to reduce food waste. The company claims to have 100,000 registered users.
Prior to this transaction, Karma raised a total of about $1M in outside equity investment from a multitude of local investors, including Mattias Miksche, Daniel Frodin, Daniel Laurén, Lars Lindgren or John Siwers.