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Sweetgreen

Sweetgreen

A restaurant chain serving organic salads and grain bowls.

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Edits on 22 Nov 2019
Dawson Sewell"Research engine edit"
Dawson Sewell edited on 22 Nov 2019 3:39 pm
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Edita Rexha"Approved suggestion #664267"
Edita Rexha edited on 16 Oct 2019 1:25 pm
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Thomas Chapman

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Edits on 11 Oct 2019
Dawson Sewell
Dawson Sewell edited on 11 Oct 2019 3:08 pm
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At the time of receiving their funding Sweetgreen has over 1 million people on its digital platform and almost 50% of customer orders are being processed through the companies mobile application or online platform.

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Timeline

November 13, 2018

Sweetgreen Announces its Second Act with $200 Million in Financing Led By Fidelity Investments

LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, the seasonal restaurant with the mission of connecting people to real food, today announced a $200 million financing round led by Fidelity Investments, one of the world's largest asset management companies.

Dawson Sewell
Dawson Sewell edited on 11 Oct 2019 3:03 pm
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Sweetgreen

Sweetgreen operates aA restaurant chain serving organic salads and grain bowls.

Article



Sweetgreen is a restaurant chain serving organic salads and grain bowls that is headquartered in Washington, D.C. and was founded in 2007 by Jonathan Neman, Nathaniel Ru, and Nicolas Jammet.

Funding

Financing round I

On November 13, 2018 Sweetgreen announced raising $200 million in financing from Fidelity Investments (lead investor) and other investors. The company plans on using their funding to further develop its mobile application, open new restaurant locations, expand its outpost service, and start a no-fee delivery system for corporate offices. 

Financing round II

On September 23, 2019 Sweetgreen announced raising $150 million in financing from Lone Pine Capital (lead investor), D1 Capital Partners (lead investor), and other existing investors. At the time of receiving their financing Sweetgreen had a valuation of $1.6 billion. The company plans on using their funding to strategically develop its technology, data, supply chain, and social impact strategies. Sweetgreen will also be using the financing to develop a mobile application for food delivery, and plans on launching the application in 2020. 

Edits on 23 Sep 2019
Golden AI
Golden AI edited on 23 Sep 2019 11:10 am
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Golden AI
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Golden AI
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Golden AI
Golden AI edited on 29 May 2019 12:46 pm
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Golden AI
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Golden AI
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Golden AI
Golden AI edited on 23 May 2019 11:46 am
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Edita Rexha
Edita Rexha approved a suggestion from Golden's AI on 26 Apr 2019 1:28 pm
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Edits on 19 Mar 2019
Melanie Manipula
Melanie Manipula edited on 19 Mar 2019 10:56 pm
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Sweetgreen

Sweetgreen operates a restaurant chain serving organic salads and grain bowls.

People

Name
Role
Related Golden topics

Jonathan Neman

Co-Founder, Co-CEO



Nathaniel Ru

Co-Founder, Co-CEO



Nicolas Jammet

Co-Founder



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Edits on 26 Sep 2018
Golden AI"Import structured data from Wikidata.org: https://www.wikidata.org/wiki/Q18636413"
Golden AI edited on 26 Sep 2018 7:06 am
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Golden AI"Initial topic creation"
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 Sweetgreen

A restaurant chain serving organic salads and grain bowls.

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