Ambrosia
AcquiredNewark, United States · Founded 2015 · $6.5M raised
- Headquarters
- Newark, New Jersey
- Employees
- 1–10
- Founded
- 2015
- Website
- ambrosia.io
- Total Funding
- $6.5M
- Last Round
- $4.2M SeedDec 2018
- Rounds
- 3
- Acquisition Date
- Oct 2020
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Ambrosia (legally Industrial Organic PBC) is a closed-loop manufacturing company that diverts urban organic food waste from landfills and converts it into circular consumer and commercial products. The firm adapted a lactic-acid fermentation method to sterilize and stabilize organic material indoors without methane emissions, operating a roughly 12,000-square-foot facility in Newark, New Jersey. Its flagship product, Veles, is a food-waste-derived household cleaning spray that reached the consumer market with multiple supporting patents. Co-founded by CEO Amanda Weeks and CTO Brett Van Aalsburg, Ambrosia went through the URBAN-X and SOSV accelerator programs and was acquired by Recycle Track Systems (RTS) in 2020.
Summary
Ambrosia is a Manufacturing company based in Newark, United States, founded in 2015. It has raised $6.5M in total across 3 rounds, most recently a $4.2M Seed round in Dec 2018. Investors include SOSV, Newark Venture Partners and Carmelo Anthony.
Funding History
Oct 2020
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Funding: Seed. Amounts, valuations, and investors where available.
Investors
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