The Toronto-based company, which operates an app that lets users find discounted food that may soon go to waste, said S2G Ventures led the round. Chuck Templeton, the fund’s managing director and founder of OpenTable will join its board. (The Logic)

Talking point: Flashfood plans to use the money to continue its U.S. expansion, where it says the retail sector’s food waste amounts to US$37 billion in lost value annually. Users can use the Flashfood app at more than 1,200 partner stores in the U.S. and Canada, which includes Loblaw. The app joined forces with Canada’s largest grocer about three years ago, after raising an undisclosed amount in a venture round led by General Catalyst. Flashfood can be used at nearly 700 Loblaw locations, and helped that company eliminate more than five million kilograms of possible food waste in 2020.