Hungry Harvest is a subscription-based delivery of fresh but otherwise discarded food products that have been saved along the value chain serving consumers in large metropolitan areas. In addition to the direct-to-consumer business, the company partners with healthcare providers to supply food boxes to patients paid for by the healthcare provider, and with local community centers in food deserts, i.e. areas that are underserved with no or poor access to stores offering fresh produce and healthy food options. With a mission-focused approach, Hungry Harvest contributes to the reduction of food waste and the improvement of public health by broadening access to fruits and vegetables to everyone.
Since its creation in 2014, the company is currently serving six metropolitan areas with a potential reach of over 10 million people. The funds raised in this round will enable the company to increase its marketing efforts, invest in new technological developments, accelerate the launch of regions as well as continue expansion in its existing markets.
Quadia's investment team is excited to announce the fund’s first investment in the USA, alongside CREADEV US, Danone Manifesto Ventures, Maywic Investment, and Desert Bloom, to support the acceleration of Hungry Harvest’s growth. “Hungry Harvest brings to the market a resilient business model which has performed well during the pandemic and is creating economic, social, and environmental value for all its stakeholders. From producers enabled to sell surplus food to consumers gaining access to discounted fresh and healthy food delivered to their doorstep, all interests are aligned to support the expansion of Hungry Harvest’s offer”, states Marion Schuppe, Impact Investment Manager at Quadia. Quadia benefited from the legal advice of US-based law firm Jason Wiener, specialized in accompanying impactful transactions
“All three new investors bring valued expertise in sustainability, the food industry, and growth of a consumer brand that will help us take Hungry Harvest to the next level in our long-term mission of fighting food waste and food insecurity in the U.S.,” said Evan Lutz, CEO & Founder of Hungry Harvest. “We see this as a huge opportunity to advance our mission with some of the brightest minds in the business and we can’t wait to put our ideas into action.”
A joint press release can be found here.