Sun Basket Raises $57.8 Million in New Funding

Healthy meal kit service Sun Basket announced a Series D investment of $42.8 million, led by August Capital. The company also recently raised $15 million in debt financing from Trinity Capital Investment, bringing the total new funding to $57.8 million.

According to the company, Sun Basket grew faster than Airbnb, Uber, and Zappos within its first two years of launch. During the last 12 months, the company’s net revenue increased by more than 280 percent, hitting $250 million annually at the beginning of Q1 2018. The company also said that Sun Basket has been ranked the number one meal kit two years in a row by Buzzfeed.