Total amount raised
$70.4 Millions
Latest funding date
09/01/2023
Location
Mill has developed an innovative food recycler that processes food scraps overnight, reducing food volume by 80% and producing nutrient-rich grounds. The product is designed to prevent food waste in an odorless and effortless manner, making it a valuable addition to any kitchen.
Keep reading to explore the intricacies of Mill's fundraising journey and the investors backing this innovative platform.
What Is Mill?
Mill operates within the Waste Management and Recycling industry, focusing specifically on food waste prevention. The company offers an innovative food recycler designed to process food scraps in an odorless and effortless manner. Engineered by experts from Apple and Nest, the product is crafted by hand in North America.
Mill's food recycler aims to replace traditional compost pails and garbage disposals with its intelligent technology and sleek design. The company emphasizes its environmental impact, having kept 8,000,000 pounds of food out of landfills. Mill provides various purchase options, including buying, financing, or renting the product.
How Much Funding Has Mill Raised?
- Series B
- Amount Raised: Not disclosed
- Date: January 2022
- Lead Investors: Breakthrough Energy Ventures, Google Ventures
- Venture Round
- Amount Raised: $378.8K
- Date: April 2023
- Lead Investors: Not disclosed
- Series C
- Amount Raised: $70M
- Date: September 2023
- Lead Investors: Prelude Ventures
Mill has raised a total of $70,378,800 in funding.
Key Investors
- Prelude Ventures
- Details: Prelude Ventures is a venture capital firm that invests in companies addressing climate change. They focus on early-stage investments and have a strong track record in supporting innovative technologies.
- Investment Focus Areas: Clean energy, agriculture, transportation
- Notable Investments: QuantumScape, Planet, Zymergen
- Breakthrough Energy Ventures
- Details: Breakthrough Energy Ventures is a fund backed by prominent investors like Bill Gates. They aim to support companies that can significantly reduce greenhouse gas emissions.
- Investment Focus Areas: Energy, food, transportation
- Notable Investments: QuantumScape, Pivot Bio, Commonwealth Fusion Systems
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. They invest in a wide range of industries and stages, from seed to growth.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics
- Notable Investments: Uber, Slack, Medium
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