Hazel Technologies Closes Series A Financing Round
Hazel Technologies, Inc., a USDA-supported agricultural technology company, announced the closing of a $3.26 million Series A investment led by Chicago-based S2G Ventures. Other participants include previous seed round lead investor Rhapsody Venture Partners, as well as Serra Ventures, Valley Oak Investments, and Climate Impact Capital.
Hazel provides shelf-life extension technologies and services to combat the global food waste problem and to improve profitability for its customers. Its products are packaging inserts with a drop-in solution that can extend the shelf life of produce by as much as three times by preventing fungus and decay. The company has received a total of $700,000 in grant funding from the U.S. Department of Agriculture SBIR program to develop and commercialize its technologies.