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 aims to provide convenient and healthy meal solutions to consumers, differentiating itself in the competitive food delivery and meal kit market. Its business model focuses on delivering pre-portioned ingredients and recipes directly to customers' homes, facilitating home cooking with an emphasis on quality and dietary preferences.
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 Roth Capital, Lucas Venture Group, Relevance Capital, Correlation Ventures, Baseline Ventures, and Rembrandt Ventures
Series A (2016): $11.6M led by Roth Capital, Robertson Stephens Partners, Relevance Capital, Correlation Ventures, Baseline Ventures, and Rembrandt Ventures
Series B (2016): $15M supported by Accolade Partners, Relevance Capital, Founders Circle, and Baseline Ventures
Series C (2017): $15M featuring Sapphire Ventures, Accolade Partners, Relevance Capital, Baseline Ventures, and Founders Circle 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 Sapphire Ventures, Accolade Partners, August Capital, PivotNorth Capital, Relevance Capital, Unilever Ventures, Founders Circle, Correlation Ventures, and Baseline Ventures
Key Investors in Sun Basket
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies. They are based in Palo Alto, California.
Accolade Partners
Accolade Partners is a venture capital and growth equity fund of funds based in Washington, DC, founded in 2000. The firm focuses on delivering superior returns through a concentrated portfolio of hard-to-access funds, employing strategies in growth, venture, blockchain, and empowerment.
Relevance Capital
Relevance Ventures is an investment firm that focuses on supporting visionary companies at the intersection of health and innovation, aiming to prevent chronic conditions and promote holistic well-being. They invest in four key health categories: digital health, personal health, community health, and financial health, to enhance overall health outcomes and equity.
What's next for Sun Basket?
The substantial capital raised by Sun Basket, particularly the recent strategic investment, positions the company for accelerated growth and market expansion. This funding is likely to be allocated towards enhancing operational efficiencies, expanding product offerings, and strengthening its market presence. As Sun Basket continues to navigate the dynamic food tech landscape, further strategic investments and partnerships may be anticipated to support its long-term vision and competitive positioning.
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