Outcast Foods, a Halifax company that makes nutritional ingredients and supplements out of food that would otherwise be thrown out, has raised $3 million in financing.
The company formerly known as Beyond Food issued a press release Thursday announcing the financing round, which follows a $1 million angel round early in 2019. The lead investors in the latest round include: The Cosine Group, a private equity firm in Boston; David Hoffman of Oxford Frozen Foods; Torey Krug from the Boston Bruins; and Stu Rath.
Outcast Foods’ mission is to reduce food wastage, a $49.5-billion-a-year annual