Divert Bags $100M Growth Equity, $1B Financing To Tackle Grocery Store Food Waste
Amount Raised
$1 Billion
Round Type
Private Equity
West ConcordOtherFood And BeverageFarmingDescription
Every year, about 35% of the food supply in the U.S. is wasted. About half of that’s because of picky eaters or outsize restaurant portions, but the rest happens further upstream, according to the U.S. Environmental Protection Agency, with about 6% to 13% occurring at grocery stores.
Quick answer
Divert raised $1 Billion in a Private Equity round, dated March 1, 2023. Divert is based in West Concord, Massachusetts, United States.
- How much did Divert raise?
- Divert raised $1 Billion in a Private Equity round on March 1, 2023.
- What does Divert do?
- Divert is a circular economy company on a mission to prevent food from being wasted through nationwide infrastructure and innovative technologies.
- Where is Divert based and how big is it?
- Divert is based in West Concord, Massachusetts, United States. Fundz records about 229 employees.
- Who are the decision-makers at Divert?
- Fundz holds 1 contact at Divert, including the Vice President Information Technology. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Food And Beverage and Farming around the same time
Companies in the same sectors as Divert that raised within 45 days of this round, from Fundz verified event records.
- Terviva raised $20M on February 28, 2023.
- Electra Beverages raised $670K (Seed) on April 14, 2023.
- Medicine Man Technologies, Inc. raised $5.5M on April 13, 2023.
- Slate Milk raised $4.4M (Seed) on April 13, 2023.
- Modify Health raised an undisclosed amount (Series B) on April 12, 2023.
- Curefoods raised $37M (Funding Round) on April 6, 2023.
Who to call at Divert, and when
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Related People
Divert raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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