Total amount raised
$45.7 Million
Latest funding date
7/1/2022
Location
Too Good To Go has successfully completed 6 funding rounds, attracting investments from notable firms such as Blisce and Audeo Ventures. The company has positioned itself as a leader in the fight against food waste, offering a platform that connects users with surplus food from local businesses.
Keep reading to explore the intricacies of Too Good To Go's fundraising journey and the investors backing this impactful platform.
What Is Too Good To Go?
Too Good To Go is a social impact company dedicated to reducing food waste. The company operates an app that serves as a marketplace for surplus food, allowing users to purchase food at reduced prices from local stores, cafes, and restaurants. It is located in London, England, United Kingdom, and has an employee count between 1001-5000.
Operating in the Food and Beverage, Software, and Waste Management industries, Too Good To Go offers various solutions for businesses to manage and reduce food waste. These include selling unsold food in Surprise Bags and initiatives to reduce household waste. The company partners with numerous well-known brands and food retailers to achieve its mission.
How Much Funding Has Too Good To Go Raised?
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and increase market presence.
- Series Unknown
- Amount Raised: EUR 6,000,000 (approx. USD 6,800,000)
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development.
- Series Unknown
- Amount Raised: USD 31,100,000
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations in the U.S. market.
- Series B
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Blisce
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance technological capabilities.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and improve service offerings.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: July 2022
- Lead Investors: Blisce
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and innovation in reducing food waste.
Total Amount Raised: USD 37,900,000
Current Valuation: Not publicly disclosed
Key Investors
- Blisce
- Details: Blisce is a venture capital firm that has participated in multiple funding rounds for Too Good To Go. They focus on investing in companies that have a positive social impact.
- Investment Focus Areas: Technology, consumer-focused companies, social impact.
- Notable Investments: Not publicly disclosed.
- Audeo Ventures
- Details: Audeo Ventures is a venture capital firm that is one of the recent investors in Too Good To Go. They focus on early-stage investments in technology and innovative companies.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: Not publicly disclosed.
- Existing Investors
- Details: Existing investors have continued their support by participating in the latest funding rounds for Too Good To Go. Specific names are not disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Employees
- Details: Employees of Too Good To Go have shown their commitment to the company's mission by investing in the funding rounds. This indicates strong internal support for the company's goals.
- Investment Focus Areas: Internal stakeholders.
- Notable Investments: Not applicable.
What's Next for Too Good To Go?
Too Good To Go is poised to seize significant opportunities in the U.S. market, where food waste at consumer-facing levels remains a major issue. By partnering with a diverse range of businesses, from local grocers to large chains, the company can establish a strong foothold in this relatively untapped market. The potential for growth is immense, given the increasing awareness and efforts to combat food waste.
Future fundraising opportunities appear promising, especially considering the successful $31 million round that has already bolstered their expansion efforts. As the company scales its operations, additional rounds of funding could further support its mission and technological advancements.
However, challenges such as competition from other surplus food apps, navigating regulatory landscapes, and ensuring a consistent supply of surplus food from partners could pose hurdles. Despite these challenges, the growing interest in sustainability and technological solutions for food waste reduction offers a favorable environment for Too Good To Go's continued success.
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