Food Waste Start-up Agricycle Global Raises $2.4 Million Seed Round
Agricycle Global, a food and agriculture waste start-up based in Wisconsin, announced this week that it has raised a two-part seed round totaling $2.4 million. The round was led by MaSa Partners and CSA Partners, with participation from Wisconsin Investment Partners, Brightstar Wisconsin, and several angel investors.
The start-up works across Sub-Saharan Africa with local farmers and communities to upcycle food ingredients and build a sustainable supply chain. This year, Agricycle launched two new brands that were distributed to over 1,000 U.S. stores. The start-up’s mission is to work with those who have typically been excluded from global food markets, including women, youth, and smallholder farmers.
Tropicoal Ignition, one of Agricycle’s brands, employs women to gather spent cassava root, coconut shells, and palm kernel shells that would normally go to waste. These ingredients are then processed and made into cooking charcoal.
Photo courtesy of CIFOR.