FoodLogiQ secures funding to help growth push

By staff reporter

- Last updated on GMT

©iStock/Piotr Adamowicz
©iStock/Piotr Adamowicz

Related tags: Finance

FoodLogiQ has secured an undisclosed amount of funding to help fuel growth in the traceability and transparency sector.

The SaaS provider of supply chain transparency said the partnership will accelerate its plan to map the world’s food chain making it safer and help people make informed decisions about what they eat.

The Series B financing round is being led by Renewal Funds, a venture capital firm that invests in food and technology companies.

Funding to date has been provided by the Clarkston-Potomac Group.

Paul Richardson, CEO at Renewal Funds, said the FoodLogiQ platform is changing the industry.

“We could not be more pleased to help accelerate the growth of the industry leader in food supply chain traceability, visibility and transparency.”

Dean Wiltse, FoodLogiQ CEO, announced the investment at the CED Tech Venture Conference in Raleigh, North Carolina.

In the last six months, the firm has expanded its customer base to include CKE Restaurants, Five Guys Burgers and Fries, the Hain Celestial Group, Panda Restaurant Group and others.

It also works with Buffalo Wild Wings, Bareburger, CAVA, Chipotle Mexican Grill, IPC/SUBWAY, Tropical Smoothie Café and Whole Foods Market.

Related topics: Food Safety & Quality

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