SaaS Capital, a credit provider to software-as-a-service (SaaS) companies, announced it has provided a $7 million line of credit to Leanpath, a global leader in food waste prevention technology.
“Leanpath exists to fight food waste. We know daily measurement is the critical step to vanquish food waste, and we’re committed to providing foodservice operators with the best technology to track waste, discover insights and act to drive reduction,” said Leanpath Co-founder and CEO Andrew Shakman in a statement. “We’re delighted to partner with SaaS Capital. Their credit approach is perfect for a mature, scaling business as we grow with clients globally and continue to innovate.”
For more than 15 years, Leanpath has helped foodservice organizations cut their food waste by 50 percent or more. The company’s platform empowers frontline foodservice workers with technology to make an impact on the environment while also improving operational efficiency.
“SaaS Capital is pleased to announce that it has provided Leanpath with a new $7 million credit facility,” said Rob Belcher, managing director of SaaS Capital, in a statement. “The company, which has an impactful mission to reduce food waste around the world, is in an exciting period of explosive growth, landing new business and expanding with existing customers. We are pleased they have chosen SaaS Capital to fund the next stage in their history.”