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Hazel Technologies, Inc has raised $87.7M across 5 funding rounds.
Key people at Hazel Technologies, Inc.
Hazel Technologies, Inc has raised $87.7M in total across 5 funding rounds.
Hazel Technologies develops post-harvest solutions that extend the shelf life of fresh produce. Their technology employs contact-free methods, often via specialized packaging inserts, to regulate the produce environment. This approach slows respiration and inhibits spoilage agents such as ethylene and fungi, preserving quality across diverse fruits and vegetables during transit and storage.
Co-founded by organic chemist Aidan Mouat in 2015, Hazel Technologies originated from the significant global food waste crisis. Leveraging academic backgrounds, the founders developed scalable chemical solutions to preserve perishable goods, translating scientific principles into practical applications for the agricultural supply chain.
Hazel Technologies serves growers, packers, shippers, and retailers. The company's vision is to increase efficiency throughout the produce supply chain, aiming to reduce food waste and ensure consistent, high-quality produce. They provide innovative, easy-to-use technologies that enhance both sustainability and profitability for their partners.
Key people at Hazel Technologies, Inc.
Hazel Technologies, Inc has raised $87.7M across 5 funding rounds. Most recently, it raised $70.0M Hazel Technologies - Series C in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 14, 2021 | $70M Series C | Pontifax AgTech, Temasek | Asahi Kasei Ventures, Grantham Environmental Trust, Jordan Park Group, Pangaea Ventures, Rhapsody Venture Partners, S2G Ventures | Announced |
| Aug 12, 2019 | $13M Series B | Pangaea Ventures, S2G Ventures | Asahi Kasei Ventures, Climate Impact Capital, Grantham Foundation, Impactassets, Rhapsody Venture Partners, Serra Ventures, Valley OAK Investments | Announced |
| Mar 15, 2018 | $3.3M Series A | Matthew Walker | Climate Impact Capital, Rhapsody Venture Partners, Serra Ventures, Valley OAK Investments | Announced |
| Oct 27, 2017 | $600K Grant | U.S. Department OF Agriculture | — | Announced |
| Mar 6, 2017 | $800K Seed | Bernard Lupien | Niko Hrdy, Venturewell | Announced |
Hazel Technologies, Inc has raised $87.7M in total across 5 funding rounds.
Hazel Technologies, Inc's investors include Pontifax AgTech, Temasek, Asahi Kasei Ventures, Grantham Environmental Trust, Jordan Park Group, Pangaea Ventures, Rhapsody Venture Partners, S2G Ventures, Climate Impact Capital, Grantham Foundation, ImpactAssets, Serra Ventures.
Hazel Technologies, Inc. is a Chicago-based AgTech company founded in 2015 that develops patented, sachet-based solutions to extend the shelf life of fresh produce, reduce food waste, and improve supply chain efficiency.[1][2][3] Its flagship products, like Hazel 100 and Breatheway, target over 15 crops including apples, pears, cherries, cucumbers, and peppers, serving more than 300-350 major global packers, shippers, retailers, and food service providers across 15 countries.[2][3][4][6] By simply placing sachets in produce boxes or bins—no equipment, training, or residue required—Hazel has treated over 5 billion pounds of produce, preventing about 400 million pounds of waste, earning recognition as one of Fast Company's Most Innovative Companies in 2024.[2]
The company solves spoilage driven by respiration, gases, and fungi, enabling longer shipping distances, higher sellable yields, and reduced shrinkage for growers and buyers.[3][4][5] With USDA funding, academic validations, and a new 54,000 SF headquarters/lab in Chicago's Fulton Market, Hazel demonstrates strong growth momentum, expanding into markets like Canada while maintaining dry, contact-free tech that outperforms wax coatings or wraps.[1][2][3]
Hazel Technologies was founded in 2015 by five Northwestern University graduates, including CEO and co-founder Aidan Mouat, who started as students with a big idea to tackle food waste through sustainable supply chain innovations.[1][2] Emerging from academia, the company secured early USDA funding and rigorous validations from top research institutions, building credibility with the world's largest produce players.[2][3] Pivotal moments include rapid global scaling to 13+ countries, treating billions of pounds of produce, and opening a major Chicago HQ/lab in Fulton Market—one of the city's largest agtech facilities—fueling job growth in the region's booming life sciences sector.[1][2]
This homegrown Chicago story reflects ambition turning into impact: from campus origins to partnerships with growers in the U.S., Latin America, Europe, Africa, Asia, and beyond, all while staying rooted in unbiased science.[1][3]
Hazel rides the AgTech wave addressing global food waste—about 40% of produce spoils post-harvest—amid rising demand for sustainable supply chains, climate-resilient farming, and efficiency in a $1T+ fresh produce market.[2][3][4] Timing is ideal with urban lab expansions in hubs like Chicago (sixth in U.S. life sciences job growth), more university startups staying local due to lab space, and post-pandemic scrutiny on waste reduction.[1] Market forces like longer global shipping, regulatory pushes for sustainability (e.g., USDA support), and retailer demands for quality favor Hazel's plug-and-play model, influencing the ecosystem by empowering 350+ major players to cut losses, extend seasons, and meet consumer freshness expectations without overhauling operations.[2][3][6]
Hazel is poised for accelerated growth through Canadian expansion (targeting apples, pears, cherries, cucumbers, peppers) and new crop solutions, leveraging its 5B-pound track record to capture more of the booming AgTech sector amid food security pressures.[2][3] Trends like AI-optimized farming, circular economies, and net-zero supply chains will amplify its edge, potentially doubling impact as global trade grows. Its influence may evolve from niche innovator to supply chain standard, humanizing tech by turning ambitious Northwestern roots into waste-fighting scale—proving simple sachets can sustain a hungry world.[1][2]