The Venture Codex Logo

The Venture Codex

Matsmart

Östgötagatan 12, Stockholm, Stockholm County, 116 25, Sweden

Overview

Matsmart buys surplus and at‑risk grocery and consumer goods from manufacturers and retailers and sells these products directly to consumers at discounted prices to prevent food waste. Founded in 2014, the company operates in Sweden, Finland and Denmark and has saved over 127,000 tonnes of food and consumer goods as of January 2026. In 2025 Matsmart reported revenue of about SEK 800 million and processed nearly 1.3 million orders, with management saying cash flow has improved and profitability is within reach. The company plans to use newly secured capital to strengthen its customer offering through a broader assortment and to concentrate resources on its strongest Nordic markets. Investors and management emphasize the combination of commercial performance and impact as central to the company’s strategy going forward.

Total raised
$75M
Funding rounds
5
Latest round
Equity
Latest activity
Nov 2023

Industries

  • E-Commerce
  • Food and Beverage
  • Retail
Visit website

Recent funding

  1. Equity

    Nov 2023

    $44M

  2. Equity

    Oct 2019

    $19M

  3. Equity

    Dec 2017

    $9M

  4. Equity

    Dec 2015

    $4M

Team

  • Karl Andersson

    Co-Founder, CEO, and Partner

    LinkedIn
  • Ulf Skagerström

    Co-founder and Partner

    LinkedIn
  • Johan Svensson

    Chief Sales Officer

    LinkedIn
  • Conrad Edgren

    Chief Logistics Officer

    LinkedIn