US food delivery provider Daily Harvest has secured a Series D funding round, valuing the company at over $1 billion.
Founded in 2016, Daily Harvest combines data science and a ‘future-focused’ supply chain to co-create food with its customers. The New York-based start-up intends to use the funds to expand its business reach, increase access to organic and regenerative fruit and vegetables nationally, and further invest in data and technology to enhance customer personalisation.
The company will expand its data-driven culinary portfolio, which currently holds over 100 products across ten different collections. Daily Harvest will also increase its footprint in 2022, enabling customers to purchase food offline.
“Fruits and vegetables are an essential part of living a longer life on a healthier planet. The Daily Harvest platform has removed the friction between the intent and the action of eating more of them every day,” said Daily Harvest’s founder and CEO, Rachel Drori. “With this investment, we will continue to anticipate the needs of our growing customer base, meeting them in new places with new food.”
The funding round was led by Lone Pine Capital, along with other existing investors.
Terms of the transaction were not disclosed.
© FoodBev Media Ltd 2021
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