Food and drink / Investing / Retail / Startups

Revolution leads $18.5 million investment round in Sweetgreen

The D.C.-based venture capital firm invested $22 million in the salad chain last year.

Sweetgreen just cinched a $18.5 million round led by Revolution Growth. (Photo by Flickr user Alicia, used under a Creative Commons license)

Revolution is backing an $18.5 million investment round for salad chain Sweetgreen. Other investors include Stonyfield Farm founder Gary Hirshberg and Behance CEO Scott Belsky.
“Sweetgreen is quickly emerging as the place of choice for people looking for fresh, seasonal, and locally sourced food — and in the process is building a lifestyle brand with meaning and purpose,” Case said in a release.
Sweetgreen, which serves seasonal made-to-order salads, currently runs 27 operations on the East Coast and is planning to expand to California in 2015.
Revolution had previously lodged a $22 million round of investment for sweetgreen in December 2013. The venture capital firm’s cofounder Steve Case is on the company’s board.

Companies: Revolution

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