# CRUST Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crust-group

- Industry: Consumer Products
- Headquarters: Singapore
- Website: www.crust-group.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Sep 28, 2023)
- Investors on record: 5

## About

Based in Singapore, CRUST Group focuses on transforming surplus food into innovative beverages, effectively addressing food waste while providing unique craft options for consumers.CRUST Group, founded in 2019 and headquartered in Singapore, specializes in creating beverages from surplus food. The company has gone through 4 deals since its inception, with the latest funding round being a Seed round on September 28, 2023, raising USD 0.988 mn from investors including Finch Inc. and Mitsui Sumitomo Insurance Venture Capital. The company is led by founder and CEO Travin S.CRUST Group is committed to reducing food waste by upcycling surplus food into innovative beverages. Their flagship product, Breaking Bread Ale, is made from discarded bread, showcasing their mission to tackle global food issues. Other offerings include non-alcoholic drinks crafted from fruit peels and surplus materials, catering to environmentally conscious consumers, with primary sales in urban areas of Japan.In the most recent financial year 2024, CRUST Group generated a revenue of USD 138,664.80 with an EBITDA of USD -372,778.80, reflecting their focus on sustainability and premium craft products.Following the recent Seed funding round on September 28, 2023, CRUST Group plans to develop new products aimed at further diversifying their beverage range. The new product launches will focus on utilizing additional surplus materials and are scheduled for late 2024. The funding will support these product innovations and enable expansion into new markets, particularly targeting urban centers in Japan and exploring opportunities in Southeast Asia by 2025.

## Funding rounds

- Seed, Sep 28, 2023, $1M — Mitsui Sumitomo Insurance Venture Capital, GLOCALINK, Leave a Nest Co., Ltd., Finch Inc., Synchro Food
- Seed, Apr 5, 2022, $0.6M — Mitsui Sumitomo Insurance Venture Capital, GLOCALINK, Leave a Nest Co., Ltd.

## Investors

- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Seed
- GLOCALINK (https://capitalatlas.ai/funds/glocalink) — Seed
- Leave a Nest Co., Ltd. — Seed
- Finch Inc. — Seed
- Synchro Food — Seed