Sun Basket has closed on a Series E investment of $30 million led by PivotNorth Capital. The funding will enable the company to further evolve into an omni-channel healthy eating platform by expanding its offerings to include breakfast, lunch, and dinner.
As part of its growth strategy, Sun Basket plans to roll-out new food products, a personal AI-powered digital user experience, and strategic partnerships that drive user acquisition and brand awareness. The company also plans to utilize automation to increase margins and focus the business on its highest-value revenue initiatives to further enhance its profitability.
The latest investment round brings Sun Basket's overall funding to $125 million, and the company grew at 80 percent CAGR over the past three years.
Related: Sun Basket Aims to Advance Food-as-Medicine Movement; Sun Basket Offers Meal Kits Based on American Cancer Society Guidelines.
from Industry Operations http://bit.ly/2YJTG2e
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