Divert Raises $100M in Equity Funding
- Divert, a West Concord, MA-based impact technology company, raised $100M in Equity funding
- The round consisted of $80M in growth stock from Enbridge and $20M led by current investor Ara Partners
- The company intends to use the funds to accelerate growth and expand operations
- The company is an impact technology company that creates advanced technologies and sustainable infrastructure to eliminate wasted food, driving social and environmental impact
- The company provides an end-to-end solution that prevents waste by maximizing the freshness of food, recovers edible food to serve communities in need, and converts wasted food into renewable energy
- The company works with five Fortune 100 companies and nearly 5,400 retail stores across the U.S., helping food retailers to reach their sustainability goals
