Just Salad Revenue, Valuation, Funding & Investors

Just Salad is valued at $1B as of February 2025, a 5.1x multiple on its last reported $195M revenue.

Last Just Salad valuation

$1B

Undisclosed stage · Feb 2025

Last Just Salad funding round

Undisclosed stage

Amount undisclosed · Jun 2026

Just Salad revenue

$195M

Undisclosed stage · Feb 2025

Key investors in Just Salad

Just Salad Overview

About Just Salad

Just Salad is a New York-based fast-casual chain with 50 locations emphasizing plant-based salads, wraps, and bowls. It pioneered carbon-labeled menus and reusable bowl discounts, sourcing sustainable ingredients across Northeast US cities.


Founded

2006

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$195M (Feb 2025)

Valuation

$1B (Feb 2025)

Just Salad Valuation

Just Salad is currently valued at $1B, based on its undisclosed-stage round in February 2025.

The $200M round was led by Wellington Management, with participation from Neuberger Berman, D1 Capital Partners and Stripes.

Just Salad valuation by funding round

Just Salad valuation by funding round
DateStageValuationRevenue Multiple
Feb 2025Undisclosed stage$1B5.1x

Just Salad Revenue

Just Salad's latest recorded revenue is $195M, as of its undisclosed-stage round in February 2025. At a $1B valuation, that implies a 5.1x revenue multiple.

Just Salad revenue by funding round

Just Salad revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2025$195M$1B5.1xUndisclosed stage

* 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.

Just Salad Funding History

Just Salad has raised a total of $200M across 2 funding rounds.

Just Salad's first fundraising round was a $200M undisclosed-stage round in February 2025. The most recent completed round was a undisclosed-stage round in June 2026.

Just Salad funding rounds

Just Salad funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Undisclosed stageJalen Brunson (lead)---
Feb 2025Undisclosed stageWellington Management (lead); Neuberger Berman; D1 Capital Partners; Stripes$200M$1BJust Salad is a New York-based fast-casual restaurant chain focused on healthy eating and sustainability, offering salads, wraps, smoothies, soups, and protein bowls with features like reusable bowls and carbon-labeled menus. It operates nearly 100 locations across markets in New York, Florida, Illinois, Massachusetts, New Jersey, Connecticut, and Pennsylvania, emphasizing customer experience, disciplined real estate selection, and best-in-class unit economics. On February 24, 2025, Just Salad completed a $200 million capital raise led by Wellington Management, with participation from D1 Capital Partners, Neuberger Berman, and Stripes, valuing the company at approximately $1 billion. The funding supports new unit growth, menu innovation, advanced technology initiatives like Salad AI for personalized meal building, and customer experience improvements, including national expansion and its first drive-thru location launched earlier that year. The company has demonstrated strong performance with industry-leading same-store sales growth driven by increased traffic, outpacing competitors in the fast-casual category, and achieving dramatic revenue growth alongside strong profitability at store and enterprise levels. Investors highlight Just Salad's strong brand, attractive pricing, and potential in the disrupting quick-service food industry targeting health-conscious consumers. BofA Securities served as exclusive placement agent, and Latham & Watkins provided legal counsel for the transaction. With this backing from experienced consumer and retail investors, Just Salad is positioned to accelerate expansion and prepare for its next growth phase amid competition in the fast-casual segment.

Who has invested in Just Salad?

5 investors have backed Just Salad across its funding rounds, including Wellington Management, D1 Capital Partners, Stripes, Neuberger Berman and Jalen Brunson.

Lead investors include Jalen Brunson and Wellington Management.


Just Salad Investors

Investors in Just Salad by funding rounds participated
InvestorHQRoundsRoleFirst check
Wellington ManagementUnited StatesBoston, MA1LeadFeb 2025
Neuberger BermanUnited StatesNew York City, NY1ParticipantFeb 2025
D1 Capital PartnersUnited StatesNew York City, NY1ParticipantFeb 2025

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Just Salad Competitors

Just Salad competitors include listed companies like Wetherspoons and Ohsho Food Service, and private ones like Flynn Restaurant Group, Kopi Kenangan, Restaurant365 and Hefu Noodle.

Public and private companies comparable to Just Salad
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Flynn Restaurant GroupUnited StatesCleveland, OHPrivate--$1B-
Kopi KenanganIndonesiaJakartaPrivate$184M-$1B5.4x
Restaurant365United StatesUnited StatesPrivate$100M-$1B10.0x
WetherspoonsUnited KingdomUnited KingdomPublicly listed$2.9B$358M$1B0.9x
Ohsho Food ServiceJapanJapanPublicly listed$751M$89M$993M1.2x
Hefu NoodleChinaShanghaiPrivate--$1B-

Just Salad Public Comps

Just Salad is still privately-owned, but its public comps include Wetherspoons, Ohsho Food Service, Cracker Barrel, Domino's Pizza Group, Guangzhou Restaurant Group, Ichibanya, Westlife Foodworld, Biglari Holdings, Kura Sushi and Ziyan Foods.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wetherspoons$2.9B$358M0.9x0.9x7.2x8.0x
Ohsho Food Service$751M$89M1.1x1.2x9.7x-
Cracker Barrel$3.5B$193M0.6x0.6x10.6x15.9x
Domino's Pizza Group$920M$175M1.5x1.4x7.8x7.5x
Guangzhou Restaurant Group$803M$136M1.5x1.5x9.2x9.0x
Ichibanya$421M$40M2.5x2.4x26.2x-
Westlife Foodworld$271M$42M3.9x3.6x25.4x27.4x
Biglari Holdings$395M$7M2.9x-168.7x-

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Common questions about Just Salad

When was Just Salad founded?Just Salad was founded in 2006.
Where is Just Salad headquartered?Just Salad is headquartered in New York City, NY, United States.
Is Just Salad publicly listed?No, Just Salad is a private, VC-backed company.
What is Just Salad's valuation?Just Salad was last valued at $1B in its undisclosed-stage round in February 2025.
How much funding has Just Salad raised?Just Salad has raised $200M across 2 funding rounds.
What was Just Salad's last funding round?Just Salad's last funding round was a undisclosed-stage round in June 2026, led by Jalen Brunson.
Who are Just Salad's investors?Just Salad's investors include Wellington Management, Neuberger Berman, D1 Capital Partners, Jalen Brunson and Stripes.
What is Just Salad's revenue?Just Salad's latest recorded revenue is $195M (February 2025).
What is Just Salad's revenue multiple?Just Salad's latest valuation implies a 5.1x revenue multiple ($1B valuation on $195M of revenue).
Which companies are comparable to Just Salad?Companies comparable to Just Salad include Flynn Restaurant Group, Kopi Kenangan, Restaurant365, Wetherspoons, Ohsho Food Service and Hefu Noodle.

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