About Divert
Divert is a company based in Concord (United States) founded in 2005 by Ryan Begin. It operates as a Circular Economy, and Green Energy-as-a-Service. Divert has raised $1 billion across 2 funding rounds from investors including Enbridge and Ara Partners. Divert offers products and services including Food Waste Prevention, Food Recovery Support, and Renewable Energy Conversion. Divert operates in a competitive market with competitors including Agrivert, Cambium Carbon, LanzaJet, Natural World Products and MyGug, among others.
- Headquarter Concord, United States
- Founders Ryan Begin
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Sectors
Environment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 B (USD)
in 2 rounds
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Latest Funding Round
$1 B (USD), Series B
Mar 01, 2023
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Investors
Enbridge
& 1 more
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Employee Count
Employee Count
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Products & Services of Divert
Divert offers a comprehensive portfolio of products and services, including Food Waste Prevention, Food Recovery Support, and Renewable Energy Conversion. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Technologies are developed to prevent food waste effectively.
Data-driven solutions are provided for optimizing food donations.
Unsold food is converted into renewable energy sources.
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Funding Insights of Divert
Divert has successfully raised a total of $1B across 2 strategic funding rounds. The most recent funding activity was a Series B round of $1 billion completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $1.0B
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First Round
First Round
(24 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Divert | Valuation | Ara Partners , Enbridge |
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| Jul, 2018 | Amount | Series A - Divert | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Divert
Divert has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Enbridge and Ara Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed by Ara Partners across multiple industrial sectors.
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Founded Year | Domain | Location | |
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Liquid storage, transportation, and distribution services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Divert
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Divert
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Divert Comparisons
Competitors of Divert
Divert operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Agrivert, Cambium Carbon, LanzaJet, Natural World Products and MyGug, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Organic waste is managed and recycled into electricity and bio-fertilizers.
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| domain | founded_year | HQ Location |
Carbon waste management services are provided by Cambium Carbon.
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| domain | founded_year | HQ Location |
Carbon recycling services are provided for sustainable fuel production.
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| domain | founded_year | HQ Location |
Organic waste recycling services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Micro scale anaerobic digester that converts food waste into biogas and liquid bio-fertilizer for small food businesses and schools
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Divert
Frequently Asked Questions about Divert
When was Divert founded?
Divert was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Where is Divert located?
Divert is headquartered in Concord, United States. It is registered at Concord, New Hampshire, United States.
Who is the current CEO of Divert?
Ryan Begin is the current CEO of Divert. They have also founded this company.
Is Divert a funded company?
Divert is a funded company, having raised a total of $1B across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.8M, raised on Jul 24, 2018.
What does Divert do?
Divert is engaged in addressing the global issue of wasted food by developing transformative technologies and data-driven solutions. The company operates in the waste management and environmental sector, focusing on food waste prevention, recovery, and conversion into renewable energy. Solutions are provided to retail and industrial customers to optimize food donations and reduce greenhouse gas emissions through anaerobic digestion processes. Partnerships are formed with forward-thinking companies to enhance supply chain efficiencies and support communities in need.
Who are the top competitors of Divert?
Divert's top competitors include Cambium Carbon, Natural World Products and Agrivert.
What products or services does Divert offer?
Divert offers Food Waste Prevention, Food Recovery Support, and Renewable Energy Conversion.
Who are Divert's investors?
Divert has 2 investors. Key investors include Enbridge, and Ara Partners.
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