What is Divert?
Since its inception in 2007, Divert has established itself as a leader in mitigating the environmental and social impacts of food waste. The company's innovative approach has demonstrated that sustainability initiatives can yield substantial business benefits, positively impacting people and the planet. Divert's operations are geared towards transforming waste streams into valuable resources, aligning with a circular economy model.
How much funding has Divert raised?
Divert has raised a total of $193.1M across 5 funding rounds:
Private Equity
$2.7M
Debt
$350K
Private Equity
$80M
Unspecified
$20M
Other Financing Round
$90M
Private Equity (2017): $2.7M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Private Equity (2023): $80M supported by Enbridge
Unspecified (2023): $20M featuring Ara Partners
Other Financing Round (2025): $90M, investors not publicly disclosed
Key Investors in Divert
Enbridge
Enbridge is a company specializing in the transport of energy, operating extensive crude oil, liquids, and natural gas transmission systems across Canada and the U.S.
Ara Partners
Ara Partners is a global private equity firm focused on decarbonizing the industrial economy by commercializing and scaling companies that contribute to the transition to net-zero, investing in high-polluting sectors.
PPP
Public-Private Partnership
What's next for Divert?
With a substantial enterprise-level funding context, Divert is poised for significant expansion and further innovation in its mission to combat food waste. The recent capital injection is expected to fuel strategic growth initiatives, potentially involving scaling operations, enhancing technological capabilities, and broadening market reach. This investment signals confidence in Divert's business model and its capacity to drive meaningful change in the food industry's sustainability landscape.
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