Sun Basket, a US-based subscription service for organic meal ingredients, raised $15m in a series B round backed by Shea Ventures, the corporate venturing subsidiary of real estate developer JF Shea, on Tuesday
The round was led by venture capital firm Accolade Partners and included Founders Circle, Vulcan Capital, PivotNorth Capital, Relevance Capital, Filter14, Baseline Ventures and undisclosed existing shareholders.
Founded in 2014, Sun Basket enables consumers to subscribe to weekly deliveries of pre-measured, organic, non-GMO ingredients with accompanying recipes. The boxes can be tailored to suit vegetarian, gluten free and paleo diets.
The money will help Sun Basket expand across the US with the aim of reaching 98% of its population. To that end, the company will open a third distribution centre and develop a procurement platform.
Sun Basket has raised more than $28m to date, according to its latest press release, though it has not disclosed details about all its funding.
Kitchenware retailer Tyler Florence Group supported a $7.1m funding round in May 2016 co-led by Vulcan Capital, PivotNorth and Robertson Stephens Partners that also featured Rembrandt Ventures, Correlation Ventures, Relevance Capital, Roth Capital and unnamed additional investors.
Tyler Florence Group also contributed to a $4.5m seed round in September 2015 co-led by Baseline Ventures and PivotNorth. Vulcan, Rembrandt, Roth, Correlation and Relevance also contributed to that round.