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Zest Labs

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On-demand, data visibility solutions for cold chain and asset management

San Jose, United StatesFounded 2003Fintech
Valuation $50–100M Last recorded · 2011
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Zest Labs and the history behind them.

About Zest Labs

Zest Labs provides post-harvest freshness management services, developing solutions to modernize the food distribution and delivery system. Previously known as Intelleflex, the company was founded in 2003 by Ashish Asthana and David Bostwick. In 2013, Zest Labs was acquired by Ecoark Holdings, a diversified holding company. Peter Mehring, a seasoned executive with experience at Apple, Sun Microsystems, and as a founder of Umax Computer Corp., led the company as CEO from 2016 to 2022.

The company's core offering, Zest Fresh, is a cloud-based software solution designed to reduce food waste in the supply chain. It provides pallet-level tracking of time and temperature, enabling intelligent routing and real-time monitoring from the field to the retail shelf. This is accomplished through a combination of IoT sensors, or tags, that monitor conditions like temperature and humidity within produce pallets, and readers that wirelessly collect this data. The data is then analyzed to predict the remaining shelf life of fresh food, allowing for proactive decisions to minimize spoilage. Zest Labs serves growers, distributors, and retailers, aiming to improve profitability, food quality, and sustainability. A significant event in the company's history involves a trade secrets dispute with Walmart, where Zest Labs alleged that the retail giant used its technology to develop a competing system. This legal battle resulted in a substantial jury verdict in favor of Zest Labs.

Zest Fresh is designed to provide autonomous, field-to-shelf visibility for proactive decision-making. By collecting data at the pallet level, the system can dynamically assess the freshness of produce throughout the supply chain. This allows for prioritizing the distribution of items with a shorter remaining shelf life, ultimately reducing waste by a significant margin. The technology also incorporates blockchain to enhance food safety, product freshness, and traceability. The business model centers on providing these technology-driven services to clients in the fresh food industry to help them manage inventory, reduce shrink, and improve the consistency of delivered quality.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2003
Headquarters
San Jose, United States
Employees
4
Open positions
None listed
Dealroom signal
60.3/100
Industry
Fintech
Sub-industry
Financial Management Solutions
Sector
Fintech, Delivery, Monitoring, On-Demand, Asset Management
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jul 2013 $0 — Undisclosed —
SERIES A✓Equity / VC Sep 2011 $9M $36M Woodside Fund · Third Point Ventures —
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Growth signals

Zest Labs website traffic

Latest recorded traffic for Zest Labs is 250 monthly website visits, down 79.2% over the last three months. Zest Labs's team declined 50% over the past year.

Latest monthly visits250 3-month web change-79.2% 1-year team growth-50%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Selby Venture Capital
  • The Quan Funds
  • Alloy Ventures
  • Morgenthaler Ventures
  • Woodside Fund

Series A1 investor entered at this stage

  • Third Point Ventures
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Zest Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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