Metro invests in Swedish company Matsmart

Metro AG has announced that its investment fund LeadX Capital Partners invested in Matsmart, a Swedish online business specialising in food waste reduction. Matsmart buys surplus production and overstocks from companies like Unilever, Nestlé, and Mondelēz Sverige AB, and sells to consumers in Sweden and Finland at discount prices. The company seeks to expand operations in Germany and has raised over EUR 17 million in September, bringing its total financing to EUR 40 million