raises 19 mln euros

Finnish food waste online store said it has raised a 19 million funding round led by Verdane to finance its growth in Finland and its international expansion into Europe.

Last year the firm saw its revenues jumping to 12 million euros from 3.7 million a year earlier, and it has reduced food waste in Finland by more than four million kilos.

“Verdane brings valuable experience and insight into the growth company’s internationalization, responsibility and the future of e-commerce. At the same time, we also get very hard expertise from our board. I look forward to starting the next growth phase of our company.”

Juhani Järvensivu, CEO of Fiksuruoa.

“Smart food is in a really exciting phase, bringing a sustainable, digital and budget-friendly solution to one of the world’s biggest problems – food waste. We are impressed by the Fiksuruoka team’s commitment to building a better world, eager to understand e-commerce and proud to be able to use our business expertise to support growth in Europe and reduce food waste on an international scale,” said Janne Holmia from Verdane.