D-Ax – Axel Johnson’s arm for early stage investments in fast-growing companies – participates in an investment round where Winnow raises $ 12 million, in addition to a $ 8 million loan from the European Investment Bank. The Series B round is led by Ingka Group, a strategic partner to the IKEA franchisee system, and enables an accelerated international expansion for Winnow’s solution for reduced food waste, especially in the hotel and restaurant industry.
“We initially invested in Winnow in 2015 and believe in the market potential and the positive impact of Winnow’s product. With our strong presence in the food market and our commitment to building sustainable businesses, we are excited to continue our support to Marc, Kevin and the team going forward”, said Joakim Skarborg, Chairman of D-Ax.
Read Winnow’s press release here.