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Too Good To Go raises further €6m to keep fighting food waste everywhere

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by Startacus Admin

Too Good To Go
Food waste app Too Good To Go, an app that connects users to stores that have unsold, surplus food, has announced that it has raised a further €6m in funding to accelerate its mission to eliminate food waste globally, taking its total investment to €16m. 

The new investment will fuel growth in four new countries this year, to reach a projected total of 100 million meals rescued by users by the end of 2020.

The free app connects customers to restaurants and stores that have unsold, surplus food and since launching in Copenhagen in 2016, Too Good To Go has grown to 7.5 Too Good To Gomillion users across nine countries in Europe, working with over 15,000 food retailers including Carrefour, Accor Hotels, YO! Sushi, Mandarin Oriental and Scandic.

This week, Too Good To Go reaches its 10 million meal milestone – the number of perfectly edible meals its users have rescued from being thrown away. This means the app has saved the equivalent of 10,000 tonnes of food or 20,000 of CO2 emissions from wasted food production – a leading cause of climate change.

Too Good To GoWith a third of all food produced currently being wasted, CEO Mette Lykke’s ambition is to create a global movement to tackle this issue. Before joining the food waste revolution, Mette co-founded Endomondo, a popular social fitness community with 35 million users which was sold to Under Armour for $85M in 2015.

The latest round of funding has been led by existing investors and the board of directors including Preben Damgaard, co-founder of Navision (which was sold to Microsoft in 2002), Mike Lee, founder and former CEO of MyFitnessPal, and Jesper Lindhardt, former COO at Trustpilot.

If you like the sound of Too Good To Go, you might also want to read up on:

Small Robot Company, a British agritech robotics startup for sustainable farming.

Evocco - The innovative app that will help you shop sustainably and minimise the environmental impact.

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Published on: 6th February 2019

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