FoodLogiQ raises $10M Series B extension to accelerate product growth
The additional funding will be used to accelerate product and engineering and expand customer success.
FoodLogiQ, Durham, N.C., raised a $10 million Series B extension from its existing funders, bringing the round total to $29.5 million. The additional funding will be used to accelerate product and engineering and expand customer success.
The extension of the round includes strategic investors Testo, Inc., Sparta Township, N.J.; Tyson Ventures, the corporate venture subsidiary of Tyson Foods, Springdale, Ark.; Pontifax AgTech, Los Angeles; Renewal Funds, Canada; Nicola Wealth, Canada; Greenhouse Capital, Sausalito, Calif.; and Clarkston-Potomac Group, Durham, N.C.
“As we continue to lead in the fast-growing food traceability market, we are excited by what this new capital means for the scale and scope of our platform,” says Sean O’Leary, chief executive officer of FoodLogiQ. “But, most of all, we are excited about what this funding will do for the impact FoodLogiQ and our customers are having on the safety and transparency of our food supply chain.”