Monday, October 29, 2018

Salad Chain Sweetgreen Aims to Become a Unicorn Through Fidelity-Led Investment

Fortune
Sweetgreen, a fast-casual salad chain, is hoping to join the recent herd of mostly tech-focused startups that have raised big money in private rounds at valuations of $1 billion or more.

The company is nearing a $200 million investment, led by Fidelity Investments, that would value it above $1 billion, CNBC reported Friday.

Founded in Washington, DC, in 2007, Sweetgreen relocated its headquarters to Los Angeles in 2016, while expanding to nearly 90 restaurants from California to New York. . . . more