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The Sweetgreen fast-casual salad chain is now valued at $ 1.6 billion, up 60% from November.
Sweetgreen said Monday it raised $ 150 million through a round of financing led by Lone Pine Capital and D1 Capital Partners.
"This foundation will allow us to push the boundaries and broaden our impact, by doing even more with our suppliers, our partners, and the technology, so that we can bring together changes in the industry," he said. Jonathan Neman, co-founder and CEO of Sweetgreen, in a press. Release.
The company plans to use this money for strategic investments in technology, data, supply chain and social impact. Its goal is to launch the delivery on its own application in 2020.
Sweetgreen, whose investors include Shake Shack founder Danny Meyer, has received $ 478.6 million in funding since its launch in 2007, according to Crunchbase.
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Founded in 2007 by Neman and his classmates at Georgetown University, Nathaniel Ru and Nicolas Jammet, Sweetgreen has more than 400 sites and is expected to expand to more than 600 by the end of 2019.
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