June 29, 2022

Atlanta-Based Food Waste Startup Receives $8M In Series A Funding

Black-owned food waste startup, Goodr, has closed $8 million in their latest round of financing. The funding round, led by venture capital firm, Precursor Ventures, included investment firm Collab Capital, Emerson Collective, Backstage Capital, Innovations for Impact, Kimbal, Telus Pollinator Fund, and a series of other private angel investors.

This round brings Goodr’s total funding to $9.4 million.

The Atlanta-based startup, founded by Jasmine Crowe in 2017, works to feed people who may experience food insecurity. The community first focused on helping feed a small number of people experiencing homelessness and has since grown to become a national network with lifelong impact.

The food distribution company has not only provided meals to those in need but also helped non-profit supply organizations with an endless food supply by connecting them with businesses with food surplus. Their food supply ranges from prepared and packaged meals from cooked chicken and pasta to sandwiches and fruit cups.

“I am thankful to the many investors that believed in Goodr for contributing to this milestone for our company,” said Jasmine Crowe.

“We have been capital-efficient over the last five years, reaching millions in annual revenue with a team of just five people for years. I look forward to growing our team, expanding to new markets, and building new products to end hunger and help businesses reduce food waste. It’s an exciting time for all of us here at Goodr.”

The company, which lives by the saying, “hunger is not an issue of scarcity; it’s a matter of logistics,” has helped reduce food and organic waste across the U.S. The team has served nearly 30 million meals through their mobile app, which drivers use to pick up and deliver food to non-profit organizations, typically within a three-to-five-mile radius.

A press release also revealed that the company had added its first-ever angel investor, Jewel Burks Solomon, to its Board of Directors.

This article was amended on June 30, 2022. This is Goodr’s latest, not first, funding round.

Kumba Kpakima

Kumba Kpakima is a reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.