How a College Student's Classroom Assignment Turned Into a Business With $14.5 Million in Funding

The company claims its mission is to end hunger.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

In 2015, a college student realized vast quantities of high-quality and over-supplied food went to the dumpster at his local supermarket every day. So, he partnered with his college mentor, Patrick Bultema, who raised $500,000 from family and friends to co-found a company with the mission to rescue this lost food and find a market for it.

Within a year, FoodMaven had 22 employees, serviced 120 restaurants and begins expansion into the Denver market. FoodMaven then announced a strategic partnership with Hilton Hotels and brought on a new CEO, Ben Deda. In 2019, FoodMaven closed a Series B round, bringing its total funding since the Series A to $14.5 million.

Related: How the Official Coin Maker of 'Game of Thrones' and 'Lord of the Rings' Got Started

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur