Los Angeles – February 5, 2018 – Cooley advised Sun Basket, a health meal kit service, on raising a $42.8 million Series D led by August Capital and a concurrent $15 million in debt financing from Trinity Capital Investment, bringing the total new funding to $57.8 million. Partner Dave Young headed the Cooley team advising the company.
“Over the past year, Sun Basket has grown immensely in customers served, products offered, team size, and overall sales,” said Adam Zbar, CEO and co-founder of Sun Basket, in a news release. “As we scale the business in 2018, we are excited to have August Capital on board, given its track record of helping numerous innovative companies grow while maintaining strong unit economics and great product quality.”
Founded in San Francisco in 2014 by Zbar and chef Justine Kelly, Sun Basket is an innovative healthy cooking service that delivers pre-measured organic produce, sustainable ingredients and easy, delicious recipes. According to Sun Basket, the new funding will be used to further build a true foodtech company that provides customers even more choice and personalizes their meals by leveraging their transaction data, dietary needs and preferences.
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