FoodLogiQ has announced that it has raised $19.5 million in financing to accelerate its rapid expansion across the food industry.
The round of financing includes strategic investors Testo, Inc., a global provider of HACCP solutions and IoT technology, and Tyson Ventures, the corporate venture subsidiary of Tyson Foods, along with Pontifax AgTech, a pioneering growth capital investor in food and agriculture technology, Nicola Wealth Management, a Canadian-based asset fund management and private investment counsel firm, and Greenhouse Capital, an investor in emerging businesses that promote health and sustainable living.
The round was led by Renewal Funds when the mission-based venture capital firm invested in FoodLogiQ in September 2017.
FoodLogiQ offers the most comprehensive, data-driven software solution that enables supplier management, food safety compliance, quality incident management, recall management and whole chain traceability – all on a single platform built exclusively for the food industry.
The funding will be used to accelerate product enhancements, research and development and expanded sales, marketing and customer success.
“The substantial amount of investment interest FoodLogiQ has received is indicative of the confidence in our amazing team and the value of our product to our customers and the food industry,” said Dean Wiltse, CEO of... More...
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