Agrifood Tech | January 30, 2018

WISErg raises $19.2 million for food waste technology

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The Seattle-area company collects unconsumed food from grocery store chains and converts it to organic, water soluble fertilizer at a nearby facility.

The fertilizer is sold at Whole Foods and other retailers. “There is so much food waste that is an untapped resource at this time,” WISErg’s CEO Brian Valentine said.

“The more people that can figure out how to process it and utilize it instead of dumping it or burning it, the better.” WISErg’s Series C round was backed by Laird Norton Company and Second Avenue Partners.

The company will use the funds to build a second facility in California to serve farms in the region and test a new collection model.