Startup Daily Harvest Reaches Unicorn Status With $1.1 Billion Valuation
- Startup to open first physical store in Chicago next year
- Serena Williams’s venture firm, Gwyneth Paltrow are investors
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Daily Harvest, a company that specializes in frozen-food products, including ready-to-blend smoothies, is valued at $1.1 billion after its latest round of funding, said founder and Chief Executive Officer Rachel Drori.
The New York-based startup reached so-called unicorn status by raising $77 million in an equity-funding round led by Lone Pine Capital LLC that included participation from Lightspeed Venture Partners, an existing investor, Drori said in an interview.