ProducePay, Aiming to Eliminate Food Waste, Receives $38 Million Investment

ProducePay, which has a mission to eliminate economic and food waste, announced that it has received an investment of 38 million dollars. The series D investment round was led by Syngenta Group Ventures, the venture capital arm of Syngenta Group.

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ProducePay Raises $38 Million in Series D Financing

ProducePay, an agricultural technology company known for its transformational work to strengthen the fresh produce supply chain, has received $38 million in investment. The Series D investment round was led by Syngenta Group Ventures, the venture capital arm of Syngenta Group. Syngenta Group is recognised as one of the world's largest agricultural technology companies, delivering science-based innovations to help farmers around the world achieve food security and combat climate change. Other participants in the round included G2 Venture Partners, Anterra Capital, Astanor Ventures, Endeavour8, Avenue Venture Opportunities, Avenue Sustainable Solutions and Red Bear Angels. In addition to existing investors, this year CF Private Equity took its place as a new investor of the round. ProducePay and its investors aim to extend this success to more partners, more product categories and more regions around the world. The financing will be used to accelerate business growth and expand its sustainability impact worldwide by reducing food waste and supply-demand mismatch.