CARMEL - Carmel-based Market Wagon has completed a $1 million seed round of funding. The company, which offers an online farmers market experience in nine hubs around the Midwest, says it will use the funding for growth, including opening more hubs by the end of 2020.
The round was led by Tapas Capital of Bellevue, Washington, with Village Global of San Francisco and Chicago-based New Stack Ventures also participating.
“Market Wagon’s technology-centric marketplace which brings fresh food from local producers direct to consumers’ doorsteps is hugely impressive, and we're excited to be partnering with Nick and Dan on this vision,” said Rob Eldridge, Managing Partner at Tapas Capital. “Market Wagon is a great example of the type of founder-led, capital-efficient business that we like to invest in."
The 2017-founded company continues to grow its customer base and hub count, and currently serves more than 300 farmers and artisans.