Total amount raised
$70.4 Million
Latest funding date
2025-12-16
Location
Mill is a food recycler that turns food scraps, including tough items like turkey bones, into nutrient-rich grounds, operating odorlessly and effortlessly. The product is designed to be sleek and durable, crafted by hand in North America, and engineered by leaders from Apple and Nest.
Mill aims to make compost pails and garbage disposals obsolete with its intelligent technology and beautiful design. 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 on reducing food waste through innovative technology. Their flagship product, the Mill Food Recycler, transforms food scraps into nutrient-rich grounds without any smell or mess.
Crafted by hand in North America, Mill's product is designed to be durable and user-friendly, reducing food waste volume by 80%. The company emphasizes sustainability and aims to replace traditional compost pails and garbage disposals.
Backed by leaders from Apple and Nest, Mill has garnered positive reviews from users and media outlets, highlighting its effectiveness and ease of use.
How Much Funding Has Mill Raised?
- Series B
- Amount Raised: Not specified
- Date: January 2022
- Lead Investors: Breakthrough Energy Ventures, Google Ventures
- Series Unknown
- Amount Raised: USD 378,750
- Date: April 2023
- Series C
- Amount Raised: USD 70,000,000
- Date: September 2023
- Lead Investors: Prelude Ventures
- Series Unknown
- Amount Raised: Not specified
- Date: December 2025
- Lead Investors: Climate Pledge Fund
Mill has raised a total of USD 70,378,750 across its funding rounds.
Key Investors
- Climate Pledge Fund
- Details: The Climate Pledge Fund is an investment program by Amazon, aimed at supporting the development of sustainable technologies. It focuses on companies that can help Amazon and others meet The Climate Pledge, a commitment to reach net-zero carbon by 2040.
- Investment Focus Areas: Renewable energy, transportation, food and agriculture, circular economy, and materials.
- Notable Investments: Rivian, Redwood Materials, Infinium.
- Prelude Ventures
- Details: Prelude Ventures is a venture capital firm that invests in companies addressing climate change. Founded in 2013, it supports early-stage startups with innovative solutions for a sustainable future.
- Investment Focus Areas: Energy, food and agriculture, transportation, advanced materials, and industrial processes.
- Notable Investments: QuantumScape, Planet, Pivot Bio.
- Breakthrough Energy Ventures
- Details: Breakthrough Energy Ventures is a fund backed by prominent investors like Bill Gates, focusing on clean energy innovations. It aims to support technologies that can significantly reduce greenhouse gas emissions.
- Investment Focus Areas: Energy, transportation, agriculture, manufacturing, and buildings.
- Notable Investments: Commonwealth Fusion Systems, Form Energy, CarbonCure Technologies.
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics, transportation, and cybersecurity.
- Notable Investments: Uber, Slack, Nest.
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