Sweetgreen Sprouts $200 Million
Los Angeles – November 30, 2018 – Cooley advised Sweetgreen on its $200 million Series H financing, raising the fast-casual restaurant chain’s value to more than $1 billion. Partner Nick Hobson led the Cooley team advising Sweetgreen.
The round brings Sweetgreen’s total equity raised to approximately $365 million. The new capital positions the company to create a new food platform with expanded menu categories and innovative retail formats, while continuing investment in its supply chain, social impact and technology.
"As a company we are focused on democratizing real food,” said Jonathan Neman, co-founder and CEO of Sweetgreen, in a statement. “Our vision is to evolve from a restaurant company to a food platform that builds healthier communities around the world.”
Sweetgreen, founded in 2007, believes that real food should be convenient and accessible to everyone. Every day, across 90 restaurants, more than 4,000 team members make food from scratch, using fresh ingredients and produce delivered that morning.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.