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Announced

Completed

Insight Partners led a $95m Series D round in Imperfect Foods.

Financials

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Transaction Value£69m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Single Bidder

food products

grocery distributor

Acquisition

United States

Venture Capital

Private

Completed

Friendly

Private Equity

Domestic

Food Retailers and Wholesalers

Synopsis

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Insight Partners, a private equity firm, led a $95m Series D round in Imperfect Foods, a sustainable grocery delivery services provider. "This planned funding underscores the solid infrastructure, supply and customer experience upon which we've built this company. 2020 proved there is a real and growing demand for the marriage of sustainability and convenience in retail food. As the leading direct-to-consumer online grocer with a coast-to-coast footprint and our own last-mile delivery fleet, we plan to continue improving the customer experience by doubling down on technology and building the 'perfect imperfect assortment' for our customers," Philip Behn, Imperfect Foods CEO.

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