Matsmart
Company

Last deal

$43.7M

Amount

Series D

Stage

20.11.2023

Date

11

all rounds

$185.1M

Total amount

General

About Company
Matsmart is an online grocery store that sells surplus food which would have otherwise been thrown away.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Matsmart-Motatos, Motatos

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

Matsmart offers a range of groceries and personal care products at a discounted rate, providing suppliers with an option to sell their surplus products which are short or past their best-before dates, packaging changes, or any other reason that may have affected regular sales. The company has seen explosive growth, saving 2022 tonnes of food from going to waste in 2017 alone and reaching recurring revenues of SEK 200 million. Founded in Sweden in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, Matsmart has expanded to Norway and Finland. Motatos, the operator of the online grocery store, supports the sustainable reform of the world's food system and aims to bring together heroes to shape a waste-free, healthy, and connected future of food.
Contacts