| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | Sweden |
| Sector | Foodtech |
| Collapse type | Fire Sale |
| Founder | Hjalmar Ek, Luis Olvido |
Karma
"Sweden's food waste marketplace had the mission but Too Good To Go had the execution."
Distressed acquisition below last-round valuation
Key Events Timeline
Stockholm-based Karma, founded by Hjalmar Ek and Luis Olvido, built a marketplace for discounted surplus food from restaurants and cafes to reduce waste, raising $18M from Sequoia and others.
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