Daily Harvest Valued at $1 Billion With New Funding

NEW YORK — Daily Harvest, which offers healthy food shipped directly to customers, has secured Series D funding found, valuing the company at over $1 billion. The amount of the investment was not disclosed.

The round was led by Lone Pine Capital with existing company investors.

Founded by Rachel Drori, 39, Daily Harvest plans to use the investment to advance the company’s mission and make organic and regenerative fruits and vegetables more accessible across the country. Customers can order smoothies, flatbreads, oat bowls, soups and chia bowls shipped directly in a box.

“Fruits and vegetables are an essential part of living a longer life on a healthier planet. The Daily Harvest platform has removed the friction between the intent and the action of eating more of them every day,” said Founder and CEO Rachel Drori. “With this investment, we will continue to anticipate the needs of our growing customer base, meeting them in new places with new food.”

In the coming year, Daily Harvest plans to accelerate the expansion of its platform. By investing in data and technology, the company will enhance customer personalization to meet individual eating preferences and ensure Daily Harvest is always on hand for an extremely convenient and tailored experience. Daily Harvest will also expand its data-driven culinary portfolio, currently comprised of more than 100 items across 10 different collections. The company innovates rapidly, introducing new food in a matter of weeks instead of the months it can take a legacy food company to go to market.

A direct-to-consumer business, Daily Harvest will increase its footprint in 2022, allowing customers to purchase its food offline to meet growing customer demand. In January, the company will open The Tasting Room in Chicago, the first of many new strategies to provide consumers with more opportunities to eat fruits and vegetables daily.