Sweetgreen was founded in 2007 by Jonathan Neman, Nicolas Jammet, and Nathaniel Ru. In an interview with The Street from November 2019, CEO Jonathan Neman noted, regarding an IPO, that “it's something that we're considering, but nothing in the near future.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Sweetgreen owns and operates a chain of fast-casual restaurants using fresh ingredients and produce to provide real food that is convenient and accessible to everyone. The company has raised approximately $515 million in Venture Capital funding from investors including Revolution, Signatures Capital, Corstone Capital, T. Rowe Price, Warren Capital Group, Collaborative Fund, Red Sea Ventures, Sand Hill Ventures, Torch Capital, True Ventures, Breakaway Ventures, D1 Capital Partners, Lone Pine Capital, and Fidelity Investments. Per company press releases, Sweetgreen last raised $150 million in September 2019 at a post-money valuation of $1.6 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/21/2021 | Series J | $156MM | $xx.xx | $1.86B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
9,122,798
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
09/23/2019 | Series I | $150MM | $xx.xx | $1.58B | D1 Capital Partners, Lone Pine Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,771,925
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
D1 Capital Partners, Lone Pine Capital
|
||||||
11/13/2018 | Series H | $200MM | $xx.xx | $1.01B | Fidelity, Inside Capital, Revolution, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
15,337,423
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity, Inside Capital, Revolution, T. Rowe Price
|
||||||
11/04/2016 | Series G | $69.9MM | $xx.xx | $587.83MM | Almanac Investments, Alrai Capital, Breakaway Innovation Group, Cnf Investments, David Barber, Hanaco Venture Capital, Revolution, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
7,766,650
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Almanac Investments, Alrai Capital, Breakaway Innovation Group, Cnf Investments, David Barber, Hanaco Venture Capital, Revolution, T. Rowe Price
|
||||||
06/29/2015 | Series F | $36.8MM | $xx.xx | $404.57MM | Corstone Capital, Revolution Growth, T. Rowe Price, Warren Capital Group | |
Price per Share
$xx.xx
Shares Outstanding
4,798,223
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Corstone Capital, Revolution Growth, T. Rowe Price, Warren Capital Group
|
||||||
11/19/2014 | Series E | $19.25MM | $xx.xx | $189.44MM | Collaborative Fund, Daniel Boulud, Danny Meyer, Gary Hirshberg, Red Sea Ventures, Revolution Growth, Scott Belsky | |
Price per Share
$xx.xx
Shares Outstanding
4,729,065
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Collaborative Fund, Daniel Boulud, Danny Meyer, Gary Hirshberg, Red Sea Ventures, Revolution Growth, Scott Belsky
|
||||||
12/04/2013 | Series D | $22.45MM | $xx.xx | $108.08MM | Bobby Yazdani, Donn Davis, Jared Hecht, Revolution Growth, Signatures Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,345,723
Liquidation Pref Order
7
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bobby Yazdani, Donn Davis, Jared Hecht, Revolution Growth, Signatures Capital
|
||||||
03/28/2013 | Series C | $7.79MM | $xx.xx | $61.25MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,875,935
Liquidation Pref Order
8
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
02/15/2012 | Series B | $5.48MM | $xx.xx | $36.06MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,831,756
Liquidation Pref Order
8
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/12/2010 | Series A | $4.54MM | $xx.xx | $17.85MM | Kal Vepuri, Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,340,351
Liquidation Pref Order
8
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kal Vepuri, Undisclosed Investors
|