Sweetgreen raised $200 million in financing in a round led by Fidelity Investments. The funding values fast-casual restaurant chain sweetgreen at over $1 billion and brings the company's total equity raised to approximately $365 million since inception. It also positions the company to create a new food platform with expanded menu categories and innovative retail formats.
Specifically, sweetgreen will use the funding to invest in specific areas, including its digital platform, its supply chain and blockchain, and restaurant expansion in new and existing markets. Additionally, sweetgreen will look to expand its Outpost program, a solution for free food delivery at the office, as well as its social impact by expanding its "sweetgreen in schools" program.
Related: Sweetgreen Pilots Outpost Delivery Program; Future Fridays: Mike Lee on Blockchain.
from Foodservice https://ift.tt/2qNCgTw
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