Salad startup and retailer Sweetgreen recently developed a $200 million Series H round led by Fidelity that valued the company at more than$ 1 billion. This round makes Sweetgreen’s total amount of funding to $ 365 million.
With this additional $200 million in funding, Sweetgreen is providing its attentions on other menu lists and looking to expand its delivery presents. Sweetgreen is also looking at exploiting blockchain technology to originate more transparency in the equip chain.
” As a company we are focused on democratizing real meat ,” Sweetgreen co-founder and CEO Jonathan Neman said in the following statement.” Our see is to evolve from a diner fellowship to a menu scaffold that constructs healthier societies around the world.
Sweetgreen has always been a tech-focused business with its order-ahead portable app built in-house at the company. According to Forbes, Sweetgreen’s online prescribing receipt is increasing at 50 percent year over year. Since its open in 2007, Sweetgreen has grown to 90 locatings across eight states.
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