How a College Student’s Classroom Assignment Turned Into a Business With $14.5 Million in Funding

The company claims its mission is to end hunger.


1 min read

Opinions expressed by Entrepreneur contributors are their own.


In 2015, a college student realized vast quantities of high-quality and over-supplied food went to the dumpster at his local supermarket every day. So, he partnered with his college mentor, Patrick Bultema, who raised $500,000 from family and friends to co-found a company with the mission to rescue this lost food and find a market for it.

Within a year, FoodMaven had 22 employees, serviced 120 restaurants and begins expansion into the Denver market. FoodMaven then announced a strategic partnership with Hilton Hotels and brought on a new CEO, Ben Deda. In 2019, FoodMaven closed a Series B round, bringing its total funding since the Series A to $14.5 million.

Related:¬†How the Official Coin Maker of ‘Game of Thrones’ and ‘Lord of the Rings’ Got Started



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments