About Sweetgreen
Sweetgreen is a company based in Los Angeles (United States) founded in 2006 by Nathaniel E Ru, Nicolas Jammet, and Jonathan Neman.. Sweetgreen has raised $479.07 million across 11 funding rounds from investors including Fidelity Investments, T. Rowe Price and Lone Pine Capital. The company has 6,410 employees as of December 31, 2024. Sweetgreen has completed 2 acquisitions, including Galley and Spyce. Sweetgreen offers products and services including Kale Caesar, Harvest Bowl, Guacamole Greens, and Shroomami. Sweetgreen operates in a competitive market with competitors including Texas Roadhouse, Jason's Deli, SaladStop!, Specialty's and Everytable, among others.
- Headquarter Los Angeles, United States
- Employees 6410 as on 31 Dec, 2024
- Founders Nathaniel E Ru, Nicolas Jammet, Jonathan Neman
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sweetgreen, Inc.
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Annual Revenue
$676.83 M15.89as on Dec 31, 2024
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Net Profit
$-90.37 M20.29as on Dec 31, 2024
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EBITDA
$-16.99 M62.1as on Dec 31, 2024
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Total Equity Funding
$479.07 M (USD)
in 11 rounds
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Latest Funding Round
$150 M (USD), Series I
Sep 23, 2019
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Investors
Fidelity Investments
& 6 more
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Employee Count
6410
as on Dec 31, 2024
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Investments & Acquisitions
Galley
& 1 more
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IPO & Listings of Sweetgreen
Sweetgreen is a publicly listed company on the NYSE with ticker symbol SG in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sweetgreen
Sweetgreen offers a comprehensive portfolio of products and services, including Kale Caesar, Harvest Bowl, Guacamole Greens, and Shroomami. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Salad featuring roasted chicken, vegetables, and parmesan in a healthy mix.
Bowl with roasted sweet potatoes, apples, and grains for nutritious meals.
Salad with avocado, vegetables, and vinaigrette for fresh eating options.
Bowl including tofu, portobello, and greens for plant-based dining.
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Funding Insights of Sweetgreen
Sweetgreen has successfully raised a total of $479.07M across 11 strategic funding rounds. The most recent funding activity was a Series I round of $150 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series I — $150.0M
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First Round
First Round
(18 Nov 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series I - Sweetgreen | Valuation | Lone Pine Capital , D1 Capital Partners | |
| Oct, 2018 | Amount | Series H - Sweetgreen | Valuation | Fidelity Investments | |
| Aug, 2016 | Amount | Series G - Sweetgreen | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sweetgreen
Sweetgreen has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, T. Rowe Price and Lone Pine Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Long/short and long-only strategies are employed by the hedge fund.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Private equity and hedge fund focused on consumer, business services, financial, healthcare, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sweetgreen
Sweetgreen has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Galley and Spyce. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Robotic kitchen employed in Boston for cooking grain bowls.
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2015 | ||||
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Chef-prepared meals under $14 are delivered on demand.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sweetgreen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sweetgreen Comparisons
Competitors of Sweetgreen
Sweetgreen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Texas Roadhouse, Jason's Deli, SaladStop!, Specialty's and Everytable, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthy food is served by Texas Roadhouse restaurant chain.
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| domain | founded_year | HQ Location |
Healthy foods are served by a chain of limited-service restaurants.
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| domain | founded_year | HQ Location |
SaladStop! is recognized as a personalized nutrition company in Asia.
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| domain | founded_year | HQ Location |
Bakery cafes offering healthy food are operated across several states.
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| domain | founded_year | HQ Location |
Healthy food restaurant chain
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sweetgreen
Frequently Asked Questions about Sweetgreen
When was Sweetgreen founded?
Sweetgreen was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Sweetgreen located?
Sweetgreen is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Sweetgreen?
Jonathan Neman is the current CEO of Sweetgreen. They have also founded this company.
Is Sweetgreen a funded company?
Sweetgreen is a funded company, having raised a total of $479.07M across 11 funding rounds to date. The company's 1st funding round was a Series G of $40M, raised on Nov 18, 2009.
How many employees does Sweetgreen have?
As of Dec 31, 2024, the latest employee count at Sweetgreen is 6,410.
What is the annual revenue of Sweetgreen?
Annual revenue of Sweetgreen is $676.83M as on Dec 31, 2024.
What does Sweetgreen do?
Sweetgreen was founded in 2006 in Los Angeles, United States, within the fast-casual dining sector. Restaurant chains are operated across various locations, where salads and meal bowls form the core menu. Chicken items, kids meals, local food dishes, desserts, and drinks are also available. Customized food platters for events are provided, alongside supply network services to support operations.
Who are the top competitors of Sweetgreen?
Sweetgreen's top competitors include Texas Roadhouse, Salad Days and Jason's Deli.
What products or services does Sweetgreen offer?
Sweetgreen offers Kale Caesar, Harvest Bowl, Guacamole Greens, and Shroomami.
Is Sweetgreen publicly traded?
Yes, Sweetgreen is publicly traded on NYSE under the ticker symbol SG.
How many acquisitions has Sweetgreen made?
Who are Sweetgreen's investors?
Sweetgreen has 7 investors. Key investors include Fidelity Investments, T. Rowe Price, Lone Pine Capital, True Ventures, and D1 Capital Partners.
What is Sweetgreen's ticker symbol?
The ticker symbol of Sweetgreen is SG on NYSE.