Revolution Growth invests $22 million in sweetgreen
Revolution Growth has invested $22 million in sweetgreen, the organic salad shop founded in Washington, D.C. by three Georgetown University graduates.
Steve Case, co-founder of Revolution Growth, will join the company’s board of directors and serve as an adviser to the company’s founders.
The money will be used for national expansion of sweetgreen, the building of its team and corporate culture and community programs and marketing initiatives.
The company was founded in 2007 by Nicolas Jammet, Jonathan Neman and Nathaniel Ru. It features organic, locally grown food. The first store opened in Georgetown, and the company has grown to 22 locations in D.C., Virginia, Maryland, Philadelphia, Boston and New York City.
“The company’s trajectory is proof that innovative, high-growth companies aren’t limited to the traditional tech and internet sector, and can be created anywhere in the United States,” Case said in a statement. “And as Americans become increasingly concerned about health and wellness, we’re proud to invest in a brand that stands for healthier choices, with farm-to-table concept that supports local farmers while facilitating better diets.”