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February 17, 2024 - Deals
Meter Raises $35 Million Investment Led By Sam Altman And Lachy Groom
RAISE
IMAGE: Sam Altman, John Bicket, Anil Varanasi, Sanjit Biswas, Lachy Groom & Diane Greene
DATE: 02/14/2024
COMPANY: Meter
INVESTORS: Sam Altman, Sequoia Capital, Sanjit Biswas, Lachy Groom, John Bicket & Diane Greene
AMOUNT: $35,000,000
NOTE: Meter, a San Francisco internet infrastructure company led by CEO Anil Varanasi, secured $35M in funding. The round, led by Sam Altman and Lachy Groom, aims to accelerate growth for their Network as a Service (NaaS) solution. Meter simplifies network deployment and management through automation, providing visibility, configurability, and a centralized cloud-managed dashboard. They offer vertically integrated services from hardware development to ongoing maintenance, allowing customers like Brex and Stord to scale efficiently with reduced costs. This raise highlights the growing demand for simplified and automated network solutions for businesses.
HQ: #SanFrancisco #California
#VentureCapital #SamAltman #JohnBicket #AnilVaranasi #SanjitBiswas #LachyGroom #DianeGreene #Meter #TradedVC
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Barilla Acquires GOODLES For $88 Million Supported By Celebrity And Institutional InvestorsBarilla is acquiring GOODLES, the fast-growing better-for-you mac & cheese brand founded by Jen Zeszut and Paul Earle in 2020. Financial terms were not disclosed. GOODLES was last valued at $88M following its 2023 funding round.
Built remotely during the pandemic after pitching 100+ investors and testing more than 1,000 product iterations, GOODLES launched in late 2021 with four flavors and sold through its initial inventory in just two weeks.
The brand has since expanded across Target, Whole Foods, Walmart, Costco and other major retailers, growing from 0.8% to 7.8% of U.S. shelf-stable mac & cheese spending in three years and reaching profitability in 2024.
GOODLES raised capital from an unusually deep mix of institutional, celebrity and athlete investors. Its publicly disclosed backers include L Catterton, Springdale Ventures, Third Craft Partners, Willow Growth Partners, Alumni Ventures, Purple Arch Ventures, 1st Course Capital, GingerBread Capital, Cosmic Venture Partners, Electric Feel Ventures and IMG-Endeavor, alongside Gal Gadot, David Grutman, Christina Aguilera, Matt Rutler, Klay Thompson, Khris Middleton, Domantas Sabonis, DK Metcalf, Weston McKennie, Sergio Garcia, Aaron Gordon, Marcus Smart, Ilana Muhlstein, Marissa Hermer, Mau y Ricky, The Montaners, Biz Stone and Allison Rose.
Its $13M Series A was led by L Catterton in 2023, bringing GOODLES another step closer to becoming one of the biggest modern challengers to a category long dominated by legacy brands. Now, one of the world's largest pasta companies is buying it.
From a pandemic-era idea to an acquisition by Barilla in six years.
ACQUISITION: Undisclosed
LAST VALUATION: $88M
HQ: Santa Cruz, CA
#VentureCapital #GOODLES #Barilla #CPG #TradedVC