About Matsmart
Matsmart is a company based in Stockholm (Sweden) founded in 2012 by Karl Andersson. Matsmart has raised $70.65 million across 4 funding rounds from investors including Circularity Capital, SevenVentures and LeadX Capital. Matsmart offers products and services including Online Grocery Platform, Discounted Snacks Service, and Sustainable Product Deals. Matsmart operates in a competitive market with competitors including Motatos, among others.
- Headquarter Stockholm, Sweden
- Founders Karl Andersson
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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
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- Legal Name Matsmart In Scandinavia Ab
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$70.65 M (USD)
in 4 rounds
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Latest Funding Round
$43.65 M (USD), Series C
Nov 20, 2023
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Investors
Circularity Capital
& 7 more
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Employee Count
Not available
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Products & Services of Matsmart
Matsmart offers a comprehensive portfolio of products and services, including Online Grocery Platform, Discounted Snacks Service, and Sustainable Product Deals.
Platform for purchasing discounted food and household items online
Service offering deals on snacks and drinks at reduced prices
Deals on eco and vegan products to reduce waste
People of Matsmart
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Funding Insights of Matsmart
Matsmart has successfully raised a total of $70.65M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $43.65 million completed in November 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.
Investors in Matsmart
Matsmart has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Circularity Capital, SevenVentures and LeadX Capital.
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Private equity investments are directed toward small and medium-sized businesses.
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Media investments are supported by a venture capital-backed accelerator.
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Private equity investments in mergers and acquisitions are managed.
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Investor details for Matsmart
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Investments & Acquisitions by Matsmart
Investment portfolio details for Matsmart
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Financial Statements - Matsmart
Detailed financials for Matsmart
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Matsmart Comparisons
Peer comparison for Matsmart
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Competitors of Matsmart
Matsmart 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 Motatos, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category products are offered via an online marketplace.
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Detailed competitors of Matsmart
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Latest news on Matsmart
Complete news archive for Matsmart
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Frequently Asked Questions about Matsmart
Matsmart was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Matsmart is headquartered in Stockholm, Sweden.
Matsmart is a funded company, having raised a total of $70.65M across 4 funding rounds to date.
Matsmart was founded in 2012 in Stockholm, Sweden, as an online retailer focused on surplus groceries. Overstocked items, near-expiry products, and those with misprints or mislabels are sold at reduced prices to address food wastage. Personal care items, kitchen supplies, cleaning products, pet goods, and medicines are also distributed via the platform.
Matsmart's top competitors include Motatos.
Matsmart offers Online Grocery Platform, Discounted Snacks Service, and Sustainable Product Deals.
Matsmart has 8 investors. Key investors include Circularity Capital, SevenVentures, LeadX Capital, Northzone, and Edastra Venture Capital.