NatureBox Inc., a San Carlos, CA-based food brand, raised $18m in Series B funding.
The round was led by Canaan Partners with support from existing investors General Catalyst Partners and Softbank Capital.
The company intends to use the funds to expand operations and enhance its line of products.
Launched in Jan. 2012 by Gautam Gupta and Ken Chen, NatureBox provides nutritionist-approved snacks delivered to custmoers’homes. It currently offers more than 100 options for any taste from vegans to the gluten-conscious. The snacks contain no high fructose corn syrup, partially hydrogenated oils, trans-fats, artificial sweeteners, artificial flavors or artificial colors.
The company shipped 50K orders in its first year and experienced 20X growth in 2013 with 1 million orders shipped. The website receives over 1 million monthly visitors, with 850K fans on the Facebook page.
FinSMEs
14/04/2014
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