David

David Raises $75M in Series A

David has successfully raised $75M in a Series A at a $350M valuation led by General Catalyst, Tiger Global.

Company Overview

David is a FoodTech company headquartered in New York, NY, founded in 2021 with 100+ employees.

Maker of energy bars with 75% of calories from protein

Fundraising Details

• Amount Raised: $75M
• Round Type: Series A
• Valuation: $350M
• Date: 2024-05-16
• Investors: General Catalyst, Tiger Global

About David

Maker of energy bars with 75% of calories from protein The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: New York, NY
• Founded: 2021
• Team Size: 100+
• Industry: FoodTech

What This Means

This funding round demonstrates strong investor confidence in David's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. David's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $350M valuation marks an important milestone for David, positioning the company among notable players in the FoodTech industry.

Looking Ahead

With this new capital, David is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-16. For more information about David, visit their headquarters at New York, NY.