About Imperfect Foods
Imperfect Foods is a company based in San Francisco (United States) founded in 2015 was acquired by Misfit in September 2022.. Imperfect Foods has raised $193.79 million across 10 funding rounds from investors including Misfits Market, Hamilton Lane and Norwest Venture Partners. Imperfect Foods offers products and services including Grocery Platform, Produce Delivery, and Meat and Seafood Options. Imperfect Foods operates in a competitive market with competitors including Ingredient Exchange, Save Good Food, Closeout Deals USA, PareUp and Nomzster, among others.
- Headquarter San Francisco, United States
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Imperfect Foods, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$193.79 M (USD)
in 10 rounds
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Latest Funding Round
$15 M (USD), Series D
Feb 08, 2021
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Investors
Misfits Market
& 5 more
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Employee Count
Employee Count
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Acquired by
Misfit
(Sep 07, 2022)
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Products & Services of Imperfect Foods
Imperfect Foods offers a comprehensive portfolio of products and services, including Grocery Platform, Produce Delivery, and Meat and Seafood Options. 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.
Online service for ordering discounted imperfect groceries to minimize waste.
Service providing discounted fruits and vegetables from trusted farmers.
Delivery of imperfect cuts of meat and seafood at reduced prices.
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Software Development Team
17 people
Leadership Team
15 people
Operations Team
8 people
Senior Team
8 people
Sales and Marketing
8 people
Finance and Accounting
6 people
Human Resources and Administration
5 people
Product Management Team
3 people
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Funding Insights of Imperfect Foods
Imperfect Foods has successfully raised a total of $193.79M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $15 million completed in February 2021. 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 10
- Last Round Series D — $15.0M
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First Round
First Round
(03 Jun 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series D - Imperfect Foods | Valuation | Blisce , Hamilton Lane |
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| Jan, 2021 | Amount | Series D - Imperfect Foods | Valuation | Insight Partners , Norwest Venture Partners |
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| May, 2020 | Amount | Series C - Imperfect Foods | Valuation | Insight Partners |
| 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 Imperfect Foods
Imperfect Foods has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Misfits Market, Hamilton Lane and Norwest Venture 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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Investment support is provided to founders reshaping industries.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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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 Imperfect Foods
| 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 - Imperfect Foods
| 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 |
Imperfect Foods Comparisons
Competitors of Imperfect Foods
Imperfect Foods 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 Ingredient Exchange, Save Good Food, Closeout Deals USA, PareUp and Nomzster, 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 |
Connects buyers and sellers for dairy products and ingredient management in food supply chains.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for purchasing visually imperfect fruits and vegetables.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for surplus grocery products.
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| domain | founded_year | HQ Location |
A platform enabling the sale of surplus food from establishments to reduce waste.
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| domain | founded_year | HQ Location |
Operates a digital marketplace for surplus food and groceries.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Imperfect Foods
Frequently Asked Questions about Imperfect Foods
When was Imperfect Foods founded?
Imperfect Foods was founded in 2015.
Where is Imperfect Foods located?
Imperfect Foods is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Imperfect Foods a funded company?
Imperfect Foods is a funded company, having raised a total of $193.79M across 10 funding rounds to date. The company's 1st funding round was a Series C of $72.37M, raised on Jun 03, 2015.
What does Imperfect Foods do?
Imperfect Foods was founded in 2015 and is headquartered in San Francisco, United States. An online subscription-based platform is operated to deliver surplus groceries, including staples, snacks, meat, and dairy products. Discounts compared to traditional stores are provided to consumers, focusing on the food retail sector with emphasis on reducing waste through accessible surplus inventory.
Who are the top competitors of Imperfect Foods?
Imperfect Foods's top competitors include Ingredient Exchange, Save Good Food and Closeout Deals USA.
What products or services does Imperfect Foods offer?
Imperfect Foods offers Grocery Platform, Produce Delivery, and Meat and Seafood Options.
Who are Imperfect Foods's investors?
Imperfect Foods has 6 investors. Key investors include Misfits Market, Hamilton Lane, Norwest Venture Partners, FoodBytes, and blisce/.