SAN FRANCISCO — Imperfect Foods closed a $72 million Series C funding round led by Insight Partners.
Funds will be used for continued expansion of the grocery delivery service across the United States. The company also plans to increase capacity in new and expanded fulfillment centers, expand its assortment of rescued food products and invest in enhanced technology.
Imperfect Foods launched in 2015 with the goal of reducing food waste by redistributing excess and imperfect produce to customers. It now delivers food across multiple grocery categories, including shelf-stable goods, dairy, meat and seafood.
“We're energized by the continued support from investors as we eliminate food waste and build a better food system for everyone,” said Philip Behn, chief executive officer at Imperfect Foods. “We're illuminating vast vulnerabilities within our food supply chain and increasing access to fresh and affordable groceries.”
The company has seen continued growth across key areas of its business in 2020, with average customer order sizes doubling year-over-year and weekly orders doubling since January.
“The partnership with Insight Partners comes at a unique moment — our model has not wavered in the time of COVID-19 and we've accelerated our roadmap as a result,” Mr. Behn said. “This highlights how, even during times of unfathomable global hardship, we are an essential part of the safety net for hundreds of thousands of customers across the country.”