US-based meal kit delivery subscription service Sun Basket has received $15m in a series C round featuring Shea Ventures, the corporate venturing arm of property developer JF Shea.
Sapphire Ventures, the venture capital firm spun out of enterprise software producer SAP, led the round, which included Baseline Ventures, PivotNorth Capital, Accolade Partners, Founders Circle Capital, Relevance Capital, Filter 14, Vulcan Capital and unnamed angel investors.
Sun Basket provides healthy organic meals along with recipes that are personalised for each subscriber’s lifestyle and dietary needs, with gluten-free, paleo and vegetarian options available.
The round took the company’s overall funding to more than $43m since it was founded in 2014, Shea Ventures having contributed to a $15m series B round closed in July 2016.
Sapphire Ventures principal Kevin Diestel is joining Sun Basket’s board of directors in conjunction with the series C round.
Destel said: “At the intersection of food, health and technology, Sun Basket has the ability to redefine the purchase and eating habits of consumers, all through the click of a simple button.
“At Sapphire we look to invest in companies with the potential to achieve truly massive scale. We cannot wait to help Sun Basket as it continues its growth trajectory to become one of the largest food delivery companies in the nation.”
Sun Basket’s other backers include kitchenware brand Tyler Florence Group, which invested as part of a $7.1m round in May 2016, as well as VC firms Rembrandt Ventures and Correlation Ventures, asset management firm Robertson Stephens Advisors and investment banking firm Roth Capital.
– Photo courtesy of Sun Basket