Series A · Agritech & Foodtech · Stockholm, Sweden · Founded 2016 · 11–50 employees
Karma started as a food waste reduction app connecting surplus food from restaurants and grocery stores with consumers at discounted prices, helping save over 1,200 tons of food since 2016. The Stockholm-based startup raised $12 million in Series A funding in 2018 led by Kinnevik and has expanded to over 200 cities across Sweden, UK, and France with over 1 million users. In 2025, Karma transformed into a comprehensive restaurant technology platform offering POS systems, online ordering, payments, loyalty programs, and marketing tools in one unified ecosystem. The company is now trusted by leading Nordic restaurant groups and has evolved from a pioneering food rescue marketplace to a full-service restaurant management solution.
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