Sweetgreen authorized enough shares for a $150 million raise at a valuation of $1.46 billion, if all shares authorized are issued. The salad chain company is previously backed by Fidelity Investments, Revolution Growth, and T. Rowe Price Associates to name a few. The most recent round, Series I, follows the $200 million raised for Series H valuing the company at $975 million. The terms surrounding the Series I include a senior liquidation before all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $17.10, an up round from Series H at $13.04.
Sweetgreen is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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