Chicago-based Hazel Technologies announced Thursday that it has raised a $3.26 million Series A round led by S2G Ventures.
Hazel’s goal is to reduce food waste with its packaging inserts that release an anti-fungal vapor that can extend the shelf life of fruits and vegetables. Companies simply drop Hazel’s packets into their shipments and are able to prevent fungus and decay. Hazel says its technology can extend the life of produce by as much as three times the normal shelf life.