Sweetgreen receives $35 million in additional investments from T. Rowe Price and Revolution Growth bringing the company’s total funding to $95 million. The investment will be used for technology, building its supply chain and building the sweetgreen team, both at the corporate level and hiring employees for new stores.
We’re making huge investments in training and development. . . . We want to bridge the gap between health and convenience, but do it at a national scale.
Revolution Growth invests another $18.5 million into sweetgreen bringing its total to $40.5 million.
The words ‘seasonality’ and ‘fast food’ are rarely used together, but at sweetgreen, we believe that the two don’t have to be mutually exclusive — it just takes a commitment to standing behind our food ethos and working with farmers that share the same values.
They currently have 27 stores on the east coast.
Revolution Growth invests $22 million dollars in sweetgreen. The investment will go towards national expansion of its stores, building its team and corporate culture, and growing community programs and marketing initiatives. Case, Revolution Growth’s co-founder, is joining the board and acting as advisor.
We are incredibly proud to partner with Steve Case and Revolution Growth, a company that not only knows how to build and scale some of the most exciting brands, but embraces our core values. This investment will enable us to bring sweetgreen’s original vision to life in more communities across the country, continue to build an outstanding team of people, and support our local farmers and communities. It’s what we set out to do when we opened our first sweetgreen in Georgetown six years ago, and we could not be more excited for the company’s future.