Divert, a circular economy company dedicated to preventing food waste, has secured $150.0M in funding. Founded in 2007, Divert operates with a mission to address food waste through nationwide infrastructure and innovative technologies. The company provides an end-to-end solution that utilizes data to prevent waste, facilitates the recovery of edible food for those in need, and converts unsold food products into renewable energy to power communities. This integrated approach, known as Prevent, Provide, Power™, enables Divert to collaborate with customers across the U.S. to reduce wasted food and generate positive impacts for both people and the environment.
This significant capital infusion underscores investor confidence in Divert's business model and its critical role in the circular economy. The $150.0M in funding is earmarked to accelerate the company's strategic growth initiatives. Divert plans to use the funds to expand its infrastructure across the United States, further develop its proprietary technologies, and enhance its operational capabilities. These investments are crucial for scaling Divert's comprehensive solution, allowing it to reach more communities and partner with additional businesses committed to sustainable practices. The funding will support the expansion of facilities that process wasted food, increase the capacity for edible food recovery programs, and boost the production of renewable energy from organic waste streams.
The investment positions Divert to significantly broaden its impact on the national food waste crisis. By strengthening its infrastructure and technological backbone, the company aims to deepen its engagement with customers and drive greater efficiencies in waste prevention and resource recovery. Divert's continued growth plans are focused on expanding its integrated approach to reduce wasted food, contributing to a more sustainable future and positively impacting both environmental health and food security nationwide.
