FoodLogiQ announced they have secured a lead investor for their new growth strategy, according to a press release. The Series B financing round is led by Renewal Funds, a venture capital firm focused on food and technology companies with strong values and mission.
“Renewal’s focus on food and tech companies at the forefront of social and environmental change aligns perfectly with FoodLogiQ’s mission,” says Dean Wiltse, chief executive officer of FoodLogiQ.
According to the press release, the partnership will help secure funding for FoodLogiQ’s mission “to map the world’s food chain, make it as safe as possible and empower people to make informed decisions about the food they eat.”
“We could not be more pleased to help accelerate the growth of the industry leader in food supply chain traceability, visibility and transparency,” says Paul Richardson, chief executive officer at Renewal Funds. “The platform that FoodLogiQ has built is completely changing the food industry, and Renewal Funds is thrilled to help fuel that change.”