Food Production Specialist ThinkIQ Lands Three VC Backers

by | Oct 26, 2020 | News | 0 comments

Ecosystem Integrity Fund, Hitachi Ventures and ArcTern lead an $11.6 million venture round for ThinkIQ, a software maker that helps manufacturers boost efficiency and sustainability in industries such as food production.

ThinkIQ Inc.’s focus on sustainable food production helped the supply chain software maker reach the finish line in an $11.6 million Series A round of venture fundraising, the CEO of the firm told The Deal.

Ecosystem Integrity Fund (EIF) led the Series A round, with Hitachi Ventures and ArcTern Ventures also taking part, the firm announced on Wednesday, Oct. 20.

The five-year-old firm, which helps track food production and distribution for customers such as General Mills Inc.Mars Inc. and Corning Inc., illustrated its worth during supply disruptions tied to the Covid-19 pandemic, said ThinkIQ CEO Doug Lawson.

Read entire article here