News

FoodLogiQ secures $19.5M in financing

March 30, 2018

FoodLogiQ, an SaaS provider of solutions for food safety and supply chain transparency solutions, has raised $19.5 million in financing to accelerate its expansion in the food industry, according to a press release. 

The round of financing includes investors Testo Inc., a provider of hazard analysis critical control point solutions and IoT technology; Tyson Ventures, the corporate venture subsidiary of Tyson Foods; Pontifax AgTech, an investor in food and agriculture technology; Nicola Wealth Management, an asset fund management and private investment counsel firm; and Greenhouse Capital, an investor in emerging businesses that promote health and sustainable living. Renewal funds led the round.  

FoodLogiQ offers a data-driven software solution that enables supplier management, food safety compliance, quality incident management, recall management and whole chain traceability — all on a single platform built exclusively for the food industry. 

The company's customer base includes Buffalo Wild Wings, CAVA, Chipotle Mexican Grill, CKE Restaurants, Compass Group USA, Five Guys Burgers and Fries, IPC/Subway, Panda Restaurant Group, Raising Cane's and Tropical Smoothie Cafe, the release said.

FoodLogiQ said its reach extends across the entire supply chain to include food manufacturers that include Hain-Celestial and Seal the Seasons, food retailers that include Whole Foods Market, and hundreds of growers, co-packers and produce marketers.