What is Sun Basket?
Founded in 2014 and headquartered in San Jose, California, Sun Basket specializes in the retailing of prepared meal plans and packages. The company has established itself as a key player in the food delivery and meal kit industry, offering consumers convenient and healthy meal solutions. Its business model focuses on providing a variety of dietary options, catering to diverse consumer needs and preferences, thereby carving out a significant niche in the competitive food service market.
How much funding has Sun Basket raised?
Sun Basket has raised a total of $133.9M across 7 funding rounds:
Angel/Seed
$4.5M
Series A
$11.6M
Series B
$15M
Series C
$15M
Series D
$42.8M
Debt
$15M
Other Financing Round
$30M
Angel/Seed (2015): $4.5M with participation from Baseline Ventures, Rembrandt Ventures, Lucas Venture Group, Roth Capital, Relevance Capital, and Correlation Ventures
Series A (2016): $11.6M led by Baseline Ventures, Rembrandt Ventures, Roth Capital, Robertson Stephens Partners, Correlation Ventures, and Relevance Capital
Series B (2016): $15M supported by Baseline Ventures, Accolade Partners, Relevance Capital, and Founders Circle
Series C (2017): $15M featuring Baseline Ventures, Founders Circle Capital, Accolade Partners, Sapphire Ventures, and Relevance Capital
Series D (2017): $42.8M backed by August Capital
Debt (2018): $15M with participation from Trinity Capital
Other Financing Round (2019): $30M led by Unilever Ventures, Founders Circle, August Capital, Correlation Ventures, Relevance Capital, Baseline Ventures, Sapphire Ventures, PivotNorth Capital, and Accolade Partners
Key Investors in Sun Basket
Baseline Ventures
Baseline Ventures is a prominent firm specializing in sports, entertainment, and brand licensing, known for creating iconic brand partnerships and staging sports properties. Their expertise extends to athlete management and digital services, positioning them as specialists in the entertainment and brand sector.
Rembrandt Ventures
Rembrandt Venture Partners is a venture capital firm focused on emerging technology companies, particularly in enterprise technology. With significant operating experience and a strong portfolio, they target companies in software, security, and DevOps, emphasizing an operational perspective.
Relevance Capital
Relevance Ventures is an investment firm dedicated to companies at the intersection of health and innovation, focusing on digital, personal, community, and financial health. As a Native American owned business, they aim to expand inclusion within the venture ecosystem.
What's next for Sun Basket?
With the recent infusion of capital, Sun Basket is poised for further expansion and innovation. The company's strategic investment indicates a focus on scaling operations, enhancing its product offerings, and potentially exploring new market segments. As a company that has consistently attracted substantial backing, Sun Basket's trajectory suggests a strong emphasis on operational efficiency, customer acquisition, and maintaining its competitive edge in the rapidly evolving food technology landscape. Future developments are likely to center on leveraging technology to optimize its supply chain and delivery networks, alongside expanding its menu diversity and health-focused meal options.
See full Sun Basket company page
