# Hazel Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hazel-technologies

- Industry: Agribusiness
- Headquarters: Fresno, US
- Website: www.hazeltechnologies.com
- Total disclosed funding: $85M
- Latest round: Series C (Apr 13, 2021)
- Investors on record: 15

## About

Hazel Technologies, Inc. is a US-based company dedicated to enhancing the efficiency of the produce supply chain through innovative technological solutions that extend shelf life and reduce waste in fruits and vegetables.Founded in 2015, Hazel Technologies, Inc. operates in Fresno, US, focusing on the development of technologies that improve produce quality. The company has successfully raised a total of USD 67.92 mn across multiple funding rounds, with the latest being a GRANT of USD 1.50 mn from the U.S. Department of Agriculture on January 14, 2022. Co-founders include Adam Preslar, Aidan Mouat, Amy G, Patrick Flynn, and Siena Geddes, with Aidan Mouat currently serving as CEO.Hazel Technologies, Inc. specializes in innovative solutions designed to enhance the efficiency of the produce supply chain. The company offers a suite of technologies that focus on extending the shelf life and quality of fruits and vegetables while simultaneously reducing waste. Their core product offerings include contact-free solutions that regulate environmental conditions to slow respiration and enhance protection against spoilage agents like ethylene, excess CO2, and microbial spores. These solutions are utilized by a diverse client base that includes growers, packers, shippers, and retailers, all aiming to improve the quality, value, and reputation of their produce. Hazel's products are marketed across various geographical markets, specifically targeting regions with significant agricultural activity, such as North America, South America, and select markets in Europe and Asia.Hazel Technologies operates on a business-to-business (B2B) model, generating revenue through partnerships with growers, packers, shippers, and retailers. The company's revenue structure includes sales agreements and service contracts that provide clients access to their proprietary technologies and solutions. For instance, growers might incorporate Hazel's solutions into their operations, resulting in improved produce quality that retailers can subsequently sell at a premium. Additionally, packers and shippers may enter into agreements to utilize Hazel's products to mitigate risks associated with spoilage during transit. These transactions are structured to enhance profitability for all parties involved, as clients benefit from reduced waste and increased quality assurance for end consumers.In January 2022, Hazel Technologies, Inc. raised USD 1.50 mn in grant funding from the U.S. Department of Agriculture, which will be used to conduct testing of their technology for both educational and commercial purposes. The company plans to expand its product offerings and enter new markets, specifically targeting agricultural regions in Europe and Asia by 2025.

## Funding rounds

- Series C, Apr 13, 2021, $68M — Pangaea Ventures, Temasek Holdings, S2G Ventures, Rhapsody Venture Partners, Jordan Park, Aliment Capital, Asahi Kasei Corporate Venture Capital, Neglected Climate Opportunities
- Series B, Jul 3, 2019, $13M — Pangaea Ventures, Grantham Foundation, Serra Ventures, Asahi Kasei Corporation, ImpactAssets, S2G Ventures, Valley Oak Investments, Rhapsody Venture Partners, Climate Impact Capital
- Series A, Mar 15, 2018, $3.3M — Serra Ventures, S2G Ventures, Valley Oak Investments, Rhapsody Venture Partners, Climate Impact Capital
- Seed, Mar 7, 2017, $0.8M — Valley Oak Investments, Rhapsody Venture Partners, VentureWell Lending Consultants

## Investors

- Valley Oak Investments (https://capitalatlas.ai/funds/valley-oak-investments) — Seed, Series A, Series B
- Rhapsody Venture Partners (https://capitalatlas.ai/funds/rhapsody-venture-partners) — Seed, Series A, Series B, Series C
- VentureWell Lending Consultants — Seed
- Serra Ventures (https://capitalatlas.ai/funds/serra-ventures) — Series A, Series B
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series A, Series B, Series C
- Climate Impact Capital (https://capitalatlas.ai/funds/climate-impact-capital) — Series A, Series B
- Pangaea Ventures (https://capitalatlas.ai/funds/pangaea-ventures) — Series B, Series C
- Grantham Foundation — Series B
- Asahi Kasei Corporation — Series B
- ImpactAssets — Series B
- Temasek Holdings — Series C
- Jordan Park (https://capitalatlas.ai/funds/jordan-park) — Series C
- Aliment Capital (https://capitalatlas.ai/funds/aliment-capital) — Series C
- Asahi Kasei Corporate Venture Capital — Series C
- Neglected Climate Opportunities (https://capitalatlas.ai/funds/neglected-climate-opportunities) — Series C