Sprig, a San Francisco, CA-based on-demand meal service, raised $45m in Series B financing.
The round was led by Social Capital and existing investor Greylock Partners with participation from other current backers Accel Partners, Battery Ventures, Pascal Levy-Garboua, 500 Startups, Ludlow Ventures, Haroon Mokhtarzada, Russ Fradin, Jim Payne, and Justin Waldron and and new investors Sozo-Truebridge, Lumia Capital, IDG Ventures, CAA Ventures, Fabrice Grinda, Sam Kass, Jed York, Marc Lasry, Karen Francis, Stewart Butterfield, Brian Spaly, Mark Ayzenshtat, Bryan Goldberg and Amitt Mahajan. As part of the funding, Ted Maidenberg of Social Capital will join Sprig’s Board of Directors.
The company intends to use the funds to continue to expand its service to cities across the country.
Led by co-founder and CEO Gagan Biyani, Sprig provides an on-demand meal service that allows users to choose from three ready to eat meal options to be delivered in 15 minutes. All of Sprig’s meals are sourced from organic, local, and seasonal ingredients and are conceived and created by former Google Executive Chef, Nate Keller.
Currently available in San Francisco, it will start expanding to the rest of the San Francisco Bay Area and Chicago, and plans to continue expansion to several more cities later this year.