Divert seeks to scale food waste prevention tech, recycling platform with $100M investment
Divert, a Massachusetts-based technology company focused on mitigating food waste, announced last week its retail customer base has grown by 40% in the last two years to more than 5,200 stores across all 50 states — including among five Fortune 100 companies. The company currently has six modular sites with depackaging capabilities to prepare material for third-party organics processing, plus two existing anaerobic digesters in California and Massachusetts. Divert is developing three more digesters in California, Pennsylvania and Washington that will produce renewable natural gas. The company was founded in 2007 but has largely kept a low profile. Last year, Divert was acquired by private equity firm Ara Partners and received $100 million in growth equity.