Hungry Harvest, a US-based produce delivery service, has raised $13.7m in its series A round from a consortium including Danone Manifesto Ventures (DMV), the corporate venturing unit of France-based daily company Danone.
The round was led by Creadev, a global private equity investment firm controlled by the Mulliez family, with participation from investment firms Quadia and Maywic Select Investments besides DMV.
Jean-Francois Hurel, chief investment officer of Danone Manifesto Ventures, will join Hungry Harvest’s board of directors and said: “We are looking forward to working with Hungry Harvest’s talented team and its purpose-driven group of investors to continue reducing food waste and supporting efforts to improve healthy diets in the U.S. by providing access to affordable and nutritious produce.”
Hungry Harvest rescues fresh fruits, vegetables, and grocery staples that would otherwise go to waste and offers variety boxes delivered directly to subscribers’ homes. Since 2014, Hungry Harvest has reduced over 22 million pounds of food waste and donated or subsidized over 1.5 million pounds of produce to partner organisations and through its own food access programs. “
Marion Schuppe of Quadia and Fred Mayerson of Maywic Select Investments will join Hungry Harvest as board observers.
