Daily Harvest

Daily Harvest

Subscription service for plant-based meals

About Daily Harvest

Simplify's Rating
Why Daily Harvest is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Food & Agriculture

Consumer Goods

Company Size

51-200

Company Stage

Series D

Total Funding

$116.7M

Headquarters

New York City, New York

Founded

2015

Overview

Daily Harvest delivers ready-to-eat, plant-based meals and snacks directly to customers through a subscription service. Their meals are designed to be healthy, free from dairy, gluten, and artificial ingredients, making them appealing to health-conscious consumers. The product line includes a variety of flavors and meal types that resemble popular dishes, allowing customers to enjoy nutritious options without compromising on taste. Unlike many competitors, Daily Harvest focuses on clean eating and offers a diverse menu that caters to different dietary preferences. The goal of Daily Harvest is to make healthy eating convenient and enjoyable for everyone.

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Simplify's Take

What believers are saying

  • Increased consumer interest in plant-based diets boosts demand for Daily Harvest's offerings.
  • Subscription-based model provides stable, recurring revenue for the company.
  • Recent Series D funding supports nationwide expansion and technology investments.

What critics are saying

  • Rising costs of organic ingredients may affect pricing and profit margins.
  • Increased competition from similar startups could dilute market share.
  • Rapid expansion may strain supply chain and operational capabilities.

What makes Daily Harvest unique

  • Daily Harvest offers a diverse range of plant-based, ready-to-eat meals.
  • The company uses data science for personalized meal plans, enhancing customer satisfaction.
  • Direct-to-farmer relationships ensure sustainable and ethical sourcing of ingredients.

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Funding

Total Funding

$116.7M

Meets

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Meet Average

Industry standards

$77M
$70M
Twilio
$77M
Daily Harvest
$80M
Handshake
$100M
Affirm

Benefits

Flexible time-off policy

Comprehensive health benefits

Online, anywhere

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-1%
Business Wire
Dec 22nd, 2021
Suttona Capital Announces Its First Two Investments

Suttona Capital (“Suttona” or “the firm”), the first female-led and female-focused growth equity investor undertaking growth stage financings of $25 m

Business Wire
Dec 22nd, 2021
Suttona Capital Announces Its First Two Investments

Suttona Capital (“Suttona” or “the firm”), the first female-led and female-focused growth equity investor undertaking growth stage financings of $25 m

Finsmes
Nov 15th, 2021
Daily Harvest Raises Series D Funding

Daily Harvest, a NYC-based customer-first food platform, secured a Series D funding round, valuing the company at over $1 billion. The round was led by Lone Pine Capital with existing company investors. The company intends to use the funds to expand its business reach nationwide and invest further in data and technology to enhance customer personalization. […]

Bizjournals
Oct 22nd, 2021
Daily Harvest hires Mary Dillon as CEO

Ulta Beauty Inc. executive chair and former CEO Mary Dillon has joined the board of healthy food delivery service Daily Harvest.

Vegconomist
Jun 3rd, 2020
Daily Harvest Partners With Boyz II Men to Launch New Vegan Ice Cream

According to bestproducts.com, Daily Harvest has recently launched a new vegan ice cream line. The four new flavors are dairy-free, and do not contain gums or refined sugars. To launch the new products, the 90s R&B [...]

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