Daily Harvest Acquisition, Valuation, Funding & Investors
Daily Harvest was acquired by Chobani in May 2025.
Daily Harvest revenue
$250M
Series D · Nov 2021
Cumulative funding Daily Harvest raised
$120M
across 2 funding rounds
Key investors in Daily Harvest
Lightspeed Venture Partners
M13
BAM Ventures
VMG Partners
Lone Pine Capital
Shaun White
About Daily Harvest
New York-headquartered Daily Harvest is a subscription service delivering flash-frozen smoothies, harvest bowls, soups, flatbreads, and lattes made with fruits, vegetables, and superfoods. Sourced directly from U.S. farmers, meals are developed by nutritionists and customized via app data. Founded in 2015, it operates a network of over 50 ghost kitchens nationwide.
Founded
2015
HQ
New York City, NYWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Subscription
Revenue
$250M (Nov 2021)
Valuation
$1.1B (Nov 2021)
Daily Harvest Acquisition
Daily Harvest was acquired by Chobani for an undisclosed price on 16 May 2025.
Before the acquisition Daily Harvest had raised $120M across 2 funding rounds.
Daily Harvest, a plant-based frozen meal company founded in 2015, specializes in delivering smoothies, breakfast bowls, savory meals, snacks, protein powders, and ready-to-bake items like Harvest Bakes made with vegetables, legumes, whole grains, and no artificial additives; it pioneered direct-to-consumer nutritious food shipping and expanded to retail with high-protein smoothies, organic protein powder, and bite-sized snacks by early 2025, achieving a $1.1 billion valuation in 2021 after investments from celebrities like Gwyneth Paltrow and Serena Williams. Chobani, the U.S. yogurt and creamers maker led by founder Hamdi Ulukaya, acquired Daily Harvest on May 16, 2025, for undisclosed terms, marking its entry into the frozen ready-to-make meals category following the $900 million purchase of La Colombe coffee in 2023. The deal leverages Chobani's manufacturing, distribution, and retail expertise to expand Daily Harvest's reach to every U.S. home while preserving its all-natural focus, products, website, and care team under CEO Ricky Silver. Strategically, the acquisition positions Chobani as a broader player in the natural, healthy food and beverage space amid $363 billion in U.S. retail spending by health-conscious consumers and rising demand for convenient options compatible with GLP-1 trends; Chobani aims to integrate Daily Harvest for all-day consumption alongside yogurt, coffee creamers, and RTD coffee. Recent infrastructure investments include $1.2 billion for a 1.4 million square foot dairy plant in Rome, New York, processing 12 million pounds of milk daily with 28 lines, and $500 million to boost 50% capacity at Twin Falls, Idaho, plus over $1 million in an Upstate New York facility. K&L Gates advised Daily Harvest in the transaction, enabling portfolio diversification beyond dairy into the multi-billion-dollar frozen aisle while both brands emphasize real ingredients and accessibility.
| Acquirer | Date | Type |
|---|---|---|
| 16 May 2025 | Strategic M&A |
Daily Harvest Valuation
Daily Harvest is currently valued at $1.1B, based on its Series D in November 2021.
The $77M round was led by Lone Pine Capital and Suttona Capital, with participation from Lightspeed Venture Partners.
Daily Harvest's valuation has grown 6.1x from $180M at its Series B in December 2017 to $1.1B in November 2021, across 2 priced rounds.
Daily Harvest valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2021 | Series D | $1.1B | 4.4x |
| Dec 2017 | Series B | $180M | - |
Daily Harvest Revenue
Daily Harvest's latest recorded revenue is $250M, as of its Series D in November 2021. At a $1.1B valuation, that implies a 4.4x revenue multiple.
Daily Harvest revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2021 | $250M | $1.1B | 4.4x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Daily Harvest Funding History
Daily Harvest has raised a total of $120M across 2 funding rounds.
Daily Harvest's first fundraising round was a $43M Series B in December 2017. The most recent completed round was a $77M Series D in November 2021.
Daily Harvest funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series D | Lone Pine Capital (lead); Suttona Capital (lead); Lightspeed Venture Partners | $77M | $1.1B | Daily Harvest is a customer-first food platform that delivers organic and regenerative fruits, vegetables, and prepared foods directly to consumers. The company operates a direct-to-consumer model built around convenient, nutritious products including smoothies, oat bowls, protein items, functional elixirs, and boosters, with no subscription required. Founded by Rachel Drori, Daily Harvest had assembled a portfolio of more than 100 items across 10 different collections as of late 2021. In November 2021, Daily Harvest announced a Series D funding round that valued the company at $1.1 billion, achieving unicorn status. The round was led by Lone Pine Capital alongside existing company investors. The company planned to use proceeds to advance its mission of making organic and regenerative fruits and vegetables more accessible nationwide, expanding its data-driven culinary portfolio, enhancing customer personalization through technology and data investments, and increasing its offline footprint, with plans to open The Tasting Room in Chicago in January 2022. As of the 2020 fiscal year (the most recent revenue data available near the round date), Daily Harvest reported $250 million in revenue, implying a valuation-to-revenue multiple of 4.4x at the $1.1 billion post-money valuation. The company operated a direct-to-consumer business generating revenue through both recurring subscriptions and one-time purchases. By late 2021, Daily Harvest had assembled a team of approximately 289 employees. Daily Harvest's growth strategy emphasized rapid product innovation, introducing new items in weeks rather than months, and deepening partnerships in regenerative agriculture through collaborations with American Farmland Trust and California Certified Organic Farmers. The company positioned itself as reimagining the future of food through technology-enabled personalization and a commitment to sustainable sourcing practices. |
| Dec 2017 | Series B | Lightspeed Venture Partners (lead); VMG Partners (lead); Shaun White; M13; BAM Ventures; Haylie Duff; Bobby Flay | $43M | $180M | Daily Harvest is a US-based direct-to-consumer food subscription service founded in 2015 by Rachel Drori, offering frozen, plant-based meals such as smoothies, soups, bowls, and snacks made from unprocessed, nutrient-dense fruits and vegetables. The meals are prepared at peak ripeness, frozen, and delivered nationwide, with recipes co-designed by Michelin-trained chefs and nutritionists, emphasizing organic ingredients free of refined sugars or additives. The company targets busy consumers seeking convenient, healthy eating options. On December 19, 2017, Daily Harvest closed a $43 million Series B funding round led by Lightspeed Venture Partners and VMG Partners, with participation from BAM Ventures, M13, and celebrity investors including Bobby Flay, Haylie Duff, and Shaun White. The post-money valuation for this round was $180.14 million, as reported in funding details. Proceeds were allocated to expanding the customer base beyond 100,000 subscribers, product development, new farm partnerships, and improving customer experience to scale operations and enter new markets. Daily Harvest competed in the growing food-tech and meal delivery sector, leveraging a scalable frozen supply chain and strong social media engagement, particularly on Instagram with nearly 200,000 followers at the time. The company continued raising capital in later years, achieving unicorn status with a $1.1 billion valuation in a $77 million Series D in November 2021 led by Lone Pine Capital. Daily Harvest was acquired by Chobani in May 2025. |
Who has invested in Daily Harvest?
9 investors have backed Daily Harvest across its funding rounds, including Lightspeed Venture Partners, M13, BAM Ventures, VMG Partners, Lone Pine Capital and Shaun White.
Lead investors include Lone Pine Capital, Suttona Capital, Lightspeed Venture Partners and VMG Partners.
Daily Harvest Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Dec 2017 | |
| New York City, NY | 1 | Lead | Nov 2021 | |
| Greenwich, CT | 1 | Lead | Nov 2021 | |
| San Francisco, CA | 1 | Lead | Dec 2017 | |
| Los Angeles, CA | 1 | Participant | Dec 2017 | |
| Los Angeles, CA | 1 | Participant | Dec 2017 | |
| Los Angeles, CA | 1 | Participant | Dec 2017 | |
This data is available for Pro users. Sign up to see all 9 Daily Harvest investors. Start Free Trial | ||||
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Start Free TrialDaily Harvest Competitors
Daily Harvest competitors include listed companies like Yelp and Baltic Classifieds Group, and private ones like Benlai, LINE MAN Wongnai, JOKR and Whop.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $1B | - | |
 Bangkok | Private | - | - | $1B | - | |
 Luxembourg | Private | - | - | $800M | - | |
| New York City, NY | Private | $142M | - | $1.6B | 11.3x | |
| United States | Publicly listed | $1.5B | $251M | $1.1B | 0.8x | |
 Lithuania | Publicly listed | $102M | $79M | $1.1B | 10.9x |
Daily Harvest Public Comps
Daily Harvest is no longer listed, but its public comps include Yelp, Baltic Classifieds Group, Upwork, The RealReal, BuySell Technologies, LegalZoom, Grupa Pracuj, QuinStreet, SMZDM.com and Ibotta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
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Common questions about Daily Harvest
| When was Daily Harvest founded? | Daily Harvest was founded in 2015. |
| Where is Daily Harvest headquartered? | Daily Harvest is headquartered in New York City, NY, United States. |
| Is Daily Harvest publicly listed? | No, Daily Harvest was acquired by Chobani in May 2025. |
| Who acquired Daily Harvest? | Daily Harvest was acquired by Chobani in May 2025. |
| What is Daily Harvest's valuation? | Daily Harvest was last valued at $1.1B in its Series D in November 2021. |
| How much funding has Daily Harvest raised? | Daily Harvest has raised $120M across 2 funding rounds. |
| What was Daily Harvest's last funding round? | Daily Harvest's last funding round was a $77M Series D in November 2021, led by Lone Pine Capital and Suttona Capital. |
| Who are Daily Harvest's investors? | Daily Harvest's investors include Lightspeed Venture Partners, Suttona Capital, Lone Pine Capital, VMG Partners, Shaun White, M13, BAM Ventures, Haylie Duff and Bobby Flay. |
| What is Daily Harvest's revenue? | Daily Harvest's latest recorded revenue is $250M (November 2021). |
| What is Daily Harvest's revenue multiple? | Daily Harvest's latest valuation implies a 4.4x revenue multiple ($1.1B valuation on $250M of revenue). |
| Which companies are comparable to Daily Harvest? | Companies comparable to Daily Harvest include Benlai, LINE MAN Wongnai, JOKR, Whop, Yelp and Baltic Classifieds Group. |
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