Salad startup and retailer Sweetgreen recently grew a $200 million Series H round led by Fidelity that evaluated the company at more than$ 1 billion. This round wreaks Sweetgreen’s total amount of funding to $ 365 million.
With this additional $200 million in funding, Sweetgreen is mounting its noses on other food lists and looking to expand its delivery renders. Sweetgreen is also looking at exercising blockchain technology to establish enhanced transparency in the furnish chain.
” As a company we are focused on democratizing real food ,” Sweetgreen co-founder and CEO Jonathan Neman said in the following statement.” Our seeing is to evolve from a restaurant firm to a food stage that builds healthier parishes 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 income is growing at 50 percent year over year. Since its opening in 2007, Sweetgreen has grown to 90 points across eight states.
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