Anti-food waste platform developer Karma has secured Electrolux as a strategic partner as well as an investor in a Kinnevik-led round.
Karma, the Sweden-based creator of an online platform that helps businesses sell on unsold food, received $12m on Wednesday from investors including appliance manufacturer Electrolux.
Investment firm Kinnevik led the round, which also featured venture capital firms Bessemer Venture Partners and E.ventures in addition to undisclosed existing backers.
Karma’s online platform enables businesses such as supermarkets, grocers, hotels and restaurants to sell their unsold food to a customer base of some 350,000 users who collect the food direct from the…
