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Karma

Combating food waste

Karma logo
21-100 employees
  • B2B
  • Marketplace
  • Sustainability
  • Food
Norrmalm, Stockholm, Stockholms län

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Company mission

Their mission is to eliminate food-waste. Their vision is to become the resource-optimisation platform for the food industry and to lead the way the way towards a more sustainable society. The food industry is unsustainable in its attitudes towards waste. Karma is changing this whilst helping to turn surplus into a business opportunity.

Led by a woman
Top investors

-10% employee growth in 12 months

Our take

Karma is an app that connects restaurants, cafés and grocery stores with users eager to purchase unsold food at steep discounts, usually more than 50%.

Karma has had a high level of adoption in Sweden so far, with some 10% of the Swedish population using the app. Karma takes a 25% transaction fee, which has helped the company reach positive cashflow already in Sweden.

It's started to gain traction in the UK and France and the company wishes to expand across Europe first before tackling the US with their food wastage.

The company has set itself apart with a number of innovations, including developing communal fridges to save Karma users from needing to pickup their food directly from an outlet within a short time-frame.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Friskvårdsbidrag
  • A flexible, remote-friendly work environment where people can enjoy a mix of WFH and in-office collaboration, or full-time remote set-up
  • 30 vacation days
  • Employee stock options
  • An amazing office in the heart of Östermalm, with 2 kitchens, a ping pong table, and chillax room
  • Wednesday team breakfast
  • A MacBook Pro with all the bells and whistles

Company values

  • User first - Easy to use, simple to interact with, always humble and honest in communications
  • Pioneers - We aim for the moonshot and push boundaries in playful, creative and risky ways. Learning from failure is part of our success
  • Fast Movers - Focus and speed is in our DNA, we're biased towards action, curious and always asking how we can do more in a changing environment

Funding (last 2 of 4 rounds)

Aug 2018

$12m

SERIES A

Jul 2017

$3.2m

EARLY VC

Total funding: $16.2m

This company has top investors

Leadership

Hjalmar Ståhlberg Nordegren

(CEO)

Medically trained at the Karolinska Institutet, before working in physiology and founding a successful survey company, Reponster AB, in Sweden.

Mattis Larsson

(CTO)

Worked as a technology consultant before co-founding Reponster AB and taking up the role of CTO.

Elsa Bernadotte

(COO/CPTO)

Graduated from the Stockholm School of Economics before working at Chanel as a brand manager. Founded Pop Fruits, a healthy ice-cream alternative prior to founding Karma.

Ludvig Berling

(Managing Director)

Co-Founder at Trivato, a Swedish app developing company where he worked as CCO, responsible for all company communication

Office