Matsmart

About

Matsmart sells surplus food online, major part would have been thrown away, due to packaging changes, short expiry dates, or other reasons.

101 - 250

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: $8M
Industries: E-Commerce,Food and Beverage,Retail
Founded date: Jan 1, 2014
Number Of Employee: 101 - 250
Operating Status: Active

Matsmart sells surplus food online. A significant part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates, or other reasons. In 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by Karl Andersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$26.40M kr100M

Matsmart has raised a total of $26.40M kr100M in funding over 2 rounds. Their latest funding was raised on Oct 8, 2019 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 8, 2019	Series Unknown	$18.40M	1	—	—	Detail
Jan 23, 2018	Series Unknown	kr25M	1	—	—	Detail
Dec 18, 2017	Series Unknown	kr75M	1	Norrsken VC	—	Detail
Jun 21, 2017	Series Unknown	$8M	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

5

1

Matsmart has made 5 investments. Their most recent investment was on Aug 18, 2022, when BuidlersTribe raised $1M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 18, 2022 BuidlersTribe	Pre-seed	$1M	Blockchain	—
Apr 3, 2022 IndiGG	Seed	—	Blockchain	—
Mar 4, 2022 GamePad	Seed	$2.50M	Blockchain	—
Jul 14, 2021 Arcana Network	Seed	$375K	Blockchain	—
Oct 3, 2018 CropBytes	Pre-seed	$50K	Blockchain	Yes