Matsmart-Motatos Receives €40 Million Investment

Matsmart-Motatos is tackling food waste with a €40 million investment led by Circularity Capital. Matsmart solves the problem of waste in the food supply chain by sourcing and reselling surplus products that traditional retailers cannot buy. Circularity Capital and another new investor SevenVentures, the investment arm of ProSiebenSat.1 and part of the Group's Trading and Ventures division, participated in the growth capital round.

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Matsmart-Motatos

Since its founding in 2014, Matsmart-Motatos has recirculated over 60,000 tonnes of food and consumer products and operates in five European countries. Matsmart has raised $142.2 million in funding. Its total revenue in 2022 reached 80 million euros. The company's current revenue rate was 100 million euros. The latest capital will also help grow the business in Germany and the Nordic regions, including warehouse automation, which has been successfully deployed in Norway.