Too Good To Go secures $4.7M to fuel its international expansion.
Too Good To Go, a Copenhagen, Denmark-based company managing a food waste platform secured DKK 30M ($4.7M) in capital investment to the company.
The money comes from existing investors, including Preben Damgaard, Lind & Risør, Birgit Aaby and Mette Lykke and will be used to fuel the company's expansion plans in other countries, such as The Netherlands, Belgium or Spain.
Too Good To Go, founded in 2015 and led by CEO Mette Lykke, developed a platform accessible via a mobile application that allows people to buy surplus, unsold food from restaurants, cafes, supermarkets, bakeries that otherwise would have to be thrown out. The company works with 5000 businesses and has around 3 million users from 8 countries.