Too Good To Go, the global social impact company dedicated to fighting food waste, has secured $27.4 million in new funding from investors. This capital infusion will support the company's ongoing mission to connect users with partners to rescue unsold food before it goes to waste.
Since its launch in 2016, Too Good To Go has established itself as the world's largest marketplace for surplus food. The certified B Corp company operates across 21 countries in Europe, North America, and Asia Pacific, boasting over 120 million registered users and more than 180,000 active partners. Its platform enables businesses to sell surplus food at a reduced price, preventing it from being discarded.
The impact of Too Good To Go's operations is substantial. To date, the company has facilitated the saving of over 500 million meals. This effort is equivalent to avoiding 1.35 million tonnes of CO2e, conserving 405 billion litres of water, and preventing the use of 1.4 billion square meters of land. This latest funding round underscores investor confidence in the company's business model and its significant environmental and social contributions.
Too Good To Go plans to use the newly raised capital to accelerate its growth initiatives and further expand its global operations. The investment will enable the company to enhance its platform, reach more users and partners, and deepen its presence in existing markets, all while continuing its core mission of combating food waste on a global scale. The company remains focused on scaling its impact and driving positive change in the food industry.
