Browsers may block some cookies by default. Click accept to allow advertising partners to use cookies and serve more relevant ads. Visit our privacy policy page for more information.
pexels-photo-209540-1515706313190.jpeg
Source: pexels

Startup 'FoodMaven' Aims To Cut Food Waste, Gets Backed By Wal-Mart

By

Waste has been an accepted norm in the food industry with businesses anticipating those costs. A new startup from Colorado, FoodMaven, wants to change that by turning potential waste into something useful. Walton Enterprises, who own 50 percent of Wal-Mart, sees the potential and is looking to enhance the process by funding the new company.

In total, FoodMaven received $8.6 million in “Series A fundraising” and included an undisclosed amount from the Walton family according to Bloomberg. Their enterprise is worth around $150 billion and would easily be the biggest supporter for the startup. Patrick Bultema, CEO of FoodMaven, didn’t believe there would be any direct ties with Wal-Mart as they mostly work with suppliers.