Food Tech Startup Closes $21 Million
Label Insight, a SaaS company that provides insights on food label data to governments, retailers, manufacturers, and app developers, completed $21 million in Series C financing, led by Delta-V Capital and River Cities Capital Funds.
Label Insight’s data enables users to provide transparency through accurate, complete product data at scale. As well as providing health and wellness initiatives for retailers Target and Meijer, the company also enables advanced research at academic institutions, builds products for analytics providers like Nielsen, and helps consumer technology and ecommerce companies leverage data to create search and browsing experiences for users.
The funding will be used to increase Label Insight’s ranks of data scientists.