Pangaea co-leads Hazel Technologies' $13 mln Series B deal
Hazel Technologies Inc, a Chicago-based agricultural technology company focused on combating food waste, has raised US$13 million in a Series B financing. The round was led by Pangaea Ventures, a Canadian advanced materials venture capital firm, and S2G Ventures, a U.S. food and agriculture venture capital firm. They were joined by existing investors. Founded in 2015, Hazel develops new technologies to extend the quality shelf life of fresh produce. It plans to use the funds raised to grow the company's main product line and launch new solutions. Earlier this year, Pangaea closed its fourth fund, securing $95 million (US$70 million).
12 August 2019•4 mins read
