Press Release

Sweetgreen Sprouts $200 Million

Company achieves unicorn status with latest funding round
November 30, 2018

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.

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