# Flashfood

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flashfood

- Industry: Food
- Headquarters: Toronto, Canada
- Website: www.flashfood.com
- Total disclosed funding: $12M
- Latest round: Series A (Feb 28, 2022)
- Investors on record: 4

## About

Flashfood Inc. is a tech-driven company offering a mobile platform aimed at reducing food waste by connecting consumers with local grocery stores for discounted perishable items. The app promotes savings on groceries while tackling environmental issues.Flashfood Inc. is a Canadian company founded in 2016 and headquartered in Toronto, Canada. The company focuses on providing an innovative mobile application to connect consumers with grocery stores, facilitating the sale of surplus food items at significant discounts. Josh Domingues, the CEO and founder, leads the firm. In February 2022, Flashfood raised USD 12.3 million in Series A funding, led by S2G Ventures with participation from ArcTern Ventures, Food Retail Ventures, General Catalyst Partners, and other investors. This investment was aimed at supporting the company's growth and expansion efforts in the US market.Flashfood operates a mobile application designed to deliver significant discounts on grocery items, specifically focusing on fresh produce, meat, and other perishable goods. The app connects consumers to local grocery stores, allowing users to browse and purchase items at discounts of up to 50%, addressing the issues of food waste and the rising costs of groceries. The service is available in various regions across North America, including Canada and the United States, catering primarily to individual consumers and grocery retailers.Flashfood's revenue model is centered around partnerships with grocery retailers, enabling a direct-to-consumer sales approach through their app. Retailers provide discounted items via the platform, leading to increased foot traffic to their stores while Flashfood earns a commission on each transaction facilitated through the app. This structure benefits retailers by driving sales on surplus inventory and offers consumers reduced prices on high-quality food items, creating a sustainable marketplace for groceries.In February 2022, Flashfood Inc. raised USD 12.3 million in Series A funding, which will be utilized to support its business expansion in the US. The company plans to enhance its application by introducing new features aimed at improving user experience. Additionally, Flashfood is targeting further market expansion into key US cities, aiming for specific growth initiatives by the end of 2023.

## Funding rounds

- Series A, Feb 28, 2022, $12M — General Catalyst Partners, ArcTern Ventures, S2G Ventures, Food Retail Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series A
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series A
- Food Retail Ventures (https://capitalatlas.ai/funds/food-retail-ventures) — Series A