Sweetgreen raises $2.1 million in second round of fundraising
Chances are you’ve heard the story of the three Georgetown graduates—Nicolas Jammet (MSB ’07), Jonathan Neman (MSB ’07), and Nathaniel Ru (MSB ’07)—who opened Sweetgreen to almost instant entrepreneurial success.
Well, things are looking even better for the trio of alumni, who were recently featured in Food & Wine.
According to an SEC filing discovered by citybizlist, the salad chain raised $2.1 million during its Series B financing round. Before opening in 2007, Sweetgreen raised $850,000 in seed funds from fellow students, investors, and oddly enough, celebrity chef Mario Batali‘s business partner.
While Sweetgreen’s success may lie in its simple menu, the company’s socially responsible business model has also attracted media attention. The company powers its restaurants with wind energy, uses biodegradable utensils and cups, and composts all kitchen waste. Sweetgreen menus are even embedded with wildflower seeds for at-home gardening.
In addition to its Georgetown location and Sweetflow Mobile, Sweetgreen has locations in five other D.C.-area neighborhoods: Capitol Hill, Dupont Circle, Logan Circle, Bethesda, and Reston.
Photo: Flickr user “koshalek“