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Announced

Completed

SoftBank Vision Fund 2 led a $225m Series C1 funding round in Misfits Market.

Financials

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Transaction Value£162m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Friendly

Private

Venture Capital

Completed

Acquisition

Private Equity

Food Products

United States

online grocer

Domestic

Synopsis

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SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $225m Series C1 funding round in Misfits Market, an online grocer specializing in delivering food that would otherwise be wasted. Additional investor include Accel. “We have seen tremendous growth in 2021 and still have a number of grocery categories lined up and ready to be introduced to the Misfits Market ecosystem. We've been laser focused on building our food value supply chain and this capital infusion enables us to deploy it nationwide and continue realizing our vision for a better grocery experience. Shoppers have responded, and proven there is a market and an appetite for online grocery platforms that makes quality food accessible and affordable. We're ready to bring Misfits Market into the kitchens of all Americans," Abhi Ramesh, Misfits Market CEO and Founder.

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