Sprig provides an on-demand meal service allowing users to choose from three ready-to-eat meal options 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. Led by co-founder and CEO Gagan Biyani, the company is currently available in San Francisco and will expand to the rest of the Bay Area, Chicago, and several more cities later in the year. Sprig raised $45M in a Series B financing to fund that expansion. The round was led by Social Capital with participation from existing backers Greylock Partners, Accel Partners, Battery Ventures and numerous new and returning investors. Ted Maidenberg of Social Capital will join Sprig’s Board of Directors as part of the funding. Sprig operates a mobile-app-based food-delivery service offering three daily meal choices of locally sourced, sustainable, seasonal dishes prepared by professional chefs. Meals cost $10 plus a $2 delivery fee (which includes tip and tax) and are typically delivered within about 20 minutes. Customers order via a mobile app that stores location and payment information, and the service focuses on balancing price, convenience, and food quality. The company emphasizes solving complex delivery logistics and a hybrid online/offline user experience. Co-founded by Gagan Biyani, the team includes executive chef Nate Keller and co-founders Neeraj Berry, Morgan Springer, and Matt Kent. Sprig plans to use new funding to improve the customer experience in San Francisco, hire staff, and expand to new markets. Sprig operates a mobile-app meal delivery service that prepares and delivers a limited, curated selection of three dinner choices each night, priced at $12 per meal (plus a $3 delivery fee). Meals are prepared by an in-house executive chef and delivered via the company’s own delivery team, with food typically arriving within about 15 minutes. The app stores location and payment information and the company launched in select San Francisco neighborhoods under a “soft opening.” Sprig is currently available from 6–9pm in SOMA and Mission Bay (zip codes 94107, 94103, 94105 and 94158) and plans to expand more broadly across the city by early 2014. The company was co-founded by Gagan Biyani, Nate Keller, Neeraj Berry, Morgan Springer, and Matt Kent, and has advisors from the restaurant and logistics world. To date Sprig has raised $1.2 million in seed funding to support its launch.

Total raised

$56M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2015