FoodLogiQ, a technology company focusing on traceability and transparency for food chains, has secured Renewal Funds as a lead investor for series B financing for an undisclosed amount.
Renewal Funds, which is headquartered in Vancouver, is a mission-based venture capitalist firm with a focus on food and technology investments. Its partnership with FoodLogiQ will go toward continuing the company’s rapid growth in the food technology industry as well as its main mission of mapping the world’s food chain.
FoodLogiQ, who has previously been funded by the Clarkston-Potomac Group, has seen tremendous growth to its customer base over the past six months.
Its customers include CKE restaurants, Five Guys Burger and Fries, the Hain Celestial Group, and Panda Restaurant Group.
“Renewal’s focus on food and tech companies at the forefront of social and environmental change aligns perfectly with FoodLogiQ’s mission,” chief executive officer, Dean Wiltse, said in a statement.
According to a company press release, Wiltse will also announce the investment at Wednesday’s CED Tech Venture Conference in Raleigh.