Too Good To Go raises €25.7 million, led by growth venture capital fund blisce/

Too Good To Go, a Copenhagen, Denmark-based food waste operator, announced that it secured capital funding of €25.7 million ($31.4M).

The money was raised from investors led by the USA-based investors from blisce/, which contributed with about half of the money. Proceeds will be used for expanding Too Good To Go’s operations, notably in the US market where 40% of edible food is wasted.

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 platform is available in 15 countries and has recently opened up for business in the USA, as it launched in New York and Boston in 2020, and has been downloaded more than 29 million times. The company claims that 50,000 businesses use the platform to sell their surplus food, including Carrefour, Costa, Tim Hortons, 7-Eleven, Lidl, Netto, and Morrisons.

Too Good To Go previously raised about $12 million, mostly from angel investors, some of them including Preben Damgaard, Jesper Lindhardt, Mike Lee and Birgit Aaby.