Daily Harvest, a US-based food subscription service backed by talent agency William Morris Endeavor (WME), closed a $43m series B round led by venture capital firm Lightspeed Venture Partners on Tuesday.
Private equity firm VMG Partners, branding and VC firm M13 and individual investors Bobby Flay, Shaun White and Haylie Duff also contributed funding.
Founded in 2015, Daily Harvest offers a frozen meal delivery service focused on unprocessed and nutrient rich foods that can be prepared at home.
Customers take out a subscription plan on the company’s platform and can choose which ingredients they want delivered each week from a range of recipes.
Daily Harvest plans to use the funding to increase its 100,000-strong customer base in the US while also investing in product development and expanding its farm partnerships.
The round follows an undisclosed amount of series A financing in June 2017 from William Morris Endeavor’s investment arm, WME Ventures, as well as Collaborative Fund, 14W, Rubicon Venture Capital and assorted individual investors including Gwyneth Paltrow and Serena Williams.
Rachel Drori, founder and CEO of Daily Harvest, said: “We are thrilled about Lightspeed and VMG coming onboard to help scale our business.
“Their combined expertise in the technology and consumer sectors will help us realise our mission of making functional, nutrient-dense food accessible and convenient, ultimately contributing to the democratisation of wellness.”