Total amount raised
$200 Millions
Latest funding date
02/01/2025
Location
Just Salad has successfully raised funding through multiple rounds, with notable investors including Stripes and D1 Capital Partners. The most recent funding round, a Private Equity round, closed on February 24, 2025.
Keep reading to explore the intricacies of Just Salad's fundraising journey and the investors backing this innovative restaurant chain.
What Is Just Salad?
Just Salad, founded in 2006 by Nick Kenner and Rob Crespi, is a fast-casual restaurant chain based in New York, New York. The company operates within the Food and Beverage, Health Care, Lifestyle, and Restaurant industries.
With an employee count ranging from 251 to 500, Just Salad is known for its commitment to sustainability and healthy eating. The restaurant offers a variety of salads, wraps, smoothies, and soups, and has implemented initiatives like a Reusable Bowl Program and carbon-labeled menus to promote environmental responsibility.
How Much Funding Has Just Salad Raised?
- Private Equity Round
- Amount Raised: $200M
- Date: February 2025
- Lead Investors: Wellington Management
- Valuation at Round: Approximately $1 billion
- Motivation Behind the Round: The funds will be used to support new unit growth, menu innovation, advanced technology initiatives, and customer experience improvements.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Closed Loop Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding operations and enhancing sustainability initiatives.
Total Amount Raised: $200M
Current Valuation: Approximately $1 billion
Key Investors
- Wellington Management
- Details: Wellington Management is a global investment management firm that manages over $1 trillion in client assets. The firm offers a wide range of investment solutions across various asset classes.
- Investment Focus Areas: Equities, fixed income, alternative investments
- Notable Investments: Amazon, Alphabet, Microsoft
- D1 Capital Partners
- Details: D1 Capital Partners is an investment firm that focuses on both public and private markets globally. The firm is known for its flexible investment mandate and long-term growth focus.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: SpaceX, Robinhood, Instacart
- Neuberger Berman
- Details: Neuberger Berman is an employee-owned investment management firm that manages a range of investment strategies for institutions and individuals. The firm is known for its long-term investment approach.
- Investment Focus Areas: Equities, fixed income, alternative investments
- Notable Investments: Technology, healthcare, financial services
- Stripes
- Details: Stripes is a growth equity firm that invests in software and consumer businesses. The firm focuses on growth-stage companies and aims to support their expansion and innovation.
- Investment Focus Areas: Software, consumer businesses
- Notable Investments: Monday.com, Snyk, Reformation
What's Next for Just Salad?
Just Salad is poised for significant growth, leveraging its recent $200 million funding to expand its footprint across the United States. The company plans to open new locations, enhance its menu, and invest in advanced technology to improve customer experience. This expansion is set to capitalize on the increasing demand for healthy, convenient, and sustainable food options.
Future fundraising opportunities appear promising, given the strong investor confidence and the company's impressive growth trajectory. Just Salad's valuation at $1 billion and its strategic initiatives suggest potential for additional funding rounds to support further expansion and innovation.
However, the company may face challenges such as maintaining consistent quality and customer experience across new locations, navigating competition in the fast-casual market, and adapting to changing consumer preferences. Despite these hurdles, Just Salad's commitment to health, sustainability, and customer satisfaction positions it well for continued success.
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