Too Good To Go completes a $6.8M capital investment round
Too Good To Go, a Copenhagen, Denmark-based company managing a food waste platform announced closing a DKK 45M ($6.8M) capital investment round.
The investment was provided by a range of investors including Preben Damgaard, Jesper Lindhardt and Mike Lee, who are also board members in the company. The new funding will be used to make the company's platform available in four new markets in 2019.
The Too Good To Go, founded in 2015 by CEO Mette Lykke, developed a platform that allows customers to connect to restaurants and stores that have unsold, surplus food. The service is currently available in 9 countries, works with over 15,000 food establishments including those run by Carrefour, Accor Hotels, YO! Sushi and Mandarin Oriental, and, according to the company, serves 7.5 million users.
Prior to this round, Too Good To Go raised money from investors including Birgit Aaby, Klaus Pedersen, Lind & Risør and Preben Damgaard.