The financing round was led by Octopus Ventures and will support a major recruitment drive.
"Foodsteps has been helping dozens of the UK’s most ambitious food companies to reduce their environmental footprint through our farm to fork data platform and labels. However we need to do so much more. This funding will help us bring in the brightest minds in data and technology to accelerate our work. We’re also looking for food businesses and partners that are hungry to accelerate change and reduce their environmental impacts. Our commitment is to be a force for transparency, collaboration and ambition in the drive to fix our food system."
The seed round was led by LAUNCHub Ventures with participation from Lunar Ventures, Techstart, and 7% Ventures.
"We are amassing the largest 3D product repository in retail, aiming to reach over 100,000 products this year. The sky’s the limit: a streamlined process of adding any existing product to our database in minutes is in place,"
The Series A round was led by Monomyth Group and brings total funding to £70m.
"The significant growth in our customer numbers over the past six months highlights just how many people in the UK are in need of additional financial support."
Intact Ventures led the Series A round alongside Ingka Group to help the insurer scale its customer base and workforce.
"This latest Series A funding round comes at an exciting time, we’re growing very quickly which has been attractive to both existing and new investors."
