WISErg Raises Another $12.3M As Part Of Larger Round To Help Turn Food Scraps Into Fertilizer
April 15, 2016 | 1 min to read
WISErg is raising more money to support demand for its device that turns excess food scraps at grocery stores into a nutrient-rich liquid.
The Redmond startup just reeled in $12.3 million of a larger round, with a second close expected shortly, WISErg CEO Larry LeSueur confirmed with GeekWire today. The CEO wouldn’t provide further details about investors or how the money will be used.
“It is all about scaling up faster and bigger,” he said.
WISErg last raised money just over a year ago, bringing in a $11 million Series B round from Second Avenue Partners, former Microsoft and Amazon.com executive Brian Valentine, and others. Total funding for the 7-year-old company is now north of $20 million.
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