Matsmart
Company

Last deal

$43.68M

Amount

Series D

Stage

20.11.2023

Date

3

all rounds

$185.84M

Total amount

date founded

Financing round

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.
Legal Names

Legal name

Matsmart in Scandinavia AB
Sub-Organizations
1
Motatos

Motatos

Motatos is an online retail store that sells surplus food and household products that would have otherwise gone to waste.

Sector

Waste and Disposal Services

Subsector

Waste and Disposal Services

Keywords

Retail, E-Commerce, Food and Beverage

Location

Copenhagen, Denmark

total rounds

4

total raised

$151.36M
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Personal Care, Drug and Grocery Stores

Subsector

Food Retailers and Wholesalers

Keywords

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Location

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total rounds

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total raised

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Financials

Funding Rounds
11
3

Number of Funding Rounds

$185.84M

Money Raised

Their latest funding was raised on 20.11.2023. Their latest investor SevenVentures. Their latest round Series D

Date 
Funding Round 
Investors 
Money Raised 
Lead 
20.11.2023
2
$43.68M
09.11.2021
3
$27.83M
Local Amount - EUR 24M
01.11.2021
8
$27M

Blume Equity

Blume Equity, a Private Equity firm, specializes in investments within the food and health industries.

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Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

count Of Investments

9
Co-Investors
Investors
23
3

Number of lead investors

23

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series D
No
Series D
No
Venture - Series Unknown
SevenVentures

SevenVentures

SevenVentures is a leading venture capital firm that accelerates growth of B2C companies through cash and media investments.

Sector

Investment Banking and Brokerage Services

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Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Digital Media

Location

85774 Unterföhring, Germany

count Of Investments

53

count Of Exists

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Circularity Capital

Circularity Capital

Circularity Capital is a private equity firm that invests in European growth SMEs operating in the circular economy.

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Investment Banking and Brokerage Services

Subsector

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Location

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count Of Investments

20

count Of Exists

1

Magnus Lindstam

count Of Investments

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People

Founders
2
Ulf Skagerström
Ulf Skagerström

Ulf Skagerström

current job

Matsmart
Matsmart

organization founded

1

Ulf Skagerström

Karl Andersson
Karl Andersson

Karl Andersson

Karl Andersson is the Co-founder, CEO, and Partner of Matsmart.

current job

Matsmart
Matsmart

organization founded

1

Karl Andersson

Employee Profiles
11
Peter Beckius

Peter Beckius

Chief Operating Officer

Johannes Kayser

Johannes Kayser

Chief Strategy Officer

Johan Svensson

Johan Svensson

Chief Sales Officer

Conrad Edgren

Conrad Edgren

Chief Logistics Officer

Sofia Syren

Sofia Syren

Global Chief Marketing Officer

Andreas Kardell

Andreas Kardell

CTO

Frida Grenas

Frida Grenas

CFO

Markus Forsling

Head of analytics

Activity

Recent News
0