Thomas Michael, venture capital and emerging companies partner, and Jonathan Simmons, corporate and finance associate, represented Misfits Market, a leading online grocery platform focused on sustainability, affordability and accessibility, in its closing of a $225 million Series C-1 funding round led by technology-focused investment powerhouse SoftBank Vision Fund 2, with participation from leading Palo Alto-based venture capital firm Accel. Misfits Market plans to use the Series C-1 funding to further accelerate nationwide expansion and increase its rapidly growing grocery offerings.
Founded in 2018, Misfits Market focuses on building relationships with farmers, distributors and producers to eliminate food waste while expanding food access by delivering affordable fresh organic produce, quality proteins, sustainably sourced pantry staples and other grocery items to more than 26,000 ZIP codes nationwide; each new location brings the company closer to its goal of eradicating food deserts in America by 2025.
To learn more about the deal, read the announcement from Business Wire.