Hazel Technologies, Inc. Overview
Pro stress-test →Hazel Technologies is a USDA-funded startup company that develops new solutions to extend the quality shelf life of fresh produce and reduce food waste. Founded by five Northwestern University alumni in 2015, Hazel Technologies has partnered with some of the largest growers, packers, and shippers of fresh produce in North America. The company operates a major agtech R&D hub at its Chicago headquarters.
Strategic Profile
Pro stress-test →Hazel now counts more than 250 customers and has gone through four fundraising rounds, the last of which was its biggest at $70 million. For developing a produce shelf-life extender that works with existing supply chains, Hazel Technologies is one of Fast Company's Most Innovative Companies in the agriculture category. The company operates in a high-impact segment addressing a critical sustainability challenge in global food distribution.
Competitive Landscape
Pro stress-test →Hazel competes in the post-harvest agricultural technology space against companies developing shelf-life extension, modified atmosphere packaging, and food waste reduction solutions. Key competitors include ethylene scrubbers, desiccant systems, and alternative packaging technologies from both established agricultural suppliers and emerging agtech startups. Hazel's advantage lies in its integrated platform approach, existing customer relationships with major growers, and validation from both the USDA and academic institutions.
Industry Context
Hazel Technologies, Inc. operates in Post-harvest produce technology and shelf-life extension.
Key facts
Founded: 2015 · Headquarters: Chicago, Illinois · Employees: 81 · Revenue: Estimated $20M–$50M (private company; based on Series C $70M funding and 250+ customers) · Market cap: N/A