201717 Feb

Sun Basket raises $15 million to grow its organic meal delivery service to 98% of the U.S.

Summary

Founded out of San Francisco in 2014, Sun Basket delivers organic pre-measured ingredients and recipes to people’s homes, with options for vegetarian, paleo, and gluten-free. The company had raised more than $31 million before this latest round — including an identical $15 million round eight months ago — and with its latest cash injection it plans to open a third distribution center in the Midwest, which will open its service to 98 percent of continental U.S. Sun Basket says it currently serves 80 percent of the country. “As we scale the business in 2017, we are excited to have Sapphire Ventures on board, given its track record of helping numerous Silicon Valley companies grow exponentially while simultaneously maintaining strong unit economics and great product quality,” said Sun Basket CEO Adam Zbar. Sun Basket is operating in a competitive space, with the likes of Blue Apron and HelloFresh nabbing more than $550 million in VC funding between them; other players including PeachDish, Plated, and Green Chef. “At the intersection of food, health, and technology, Sun Basket has the ability to redefine the purchase and eating habits of consumers, all through the click of a simple button,” said Diestel.

Source: Venturebeat

Funding

$15M
Amount
Feb 17 2017
Date
-
Investor
Sun Basket
Company

Classifications

Companies