Diligence memo · auto-generated · as of July 2, 2026
Sweetgreen, Inc.
Sweetgreen, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Sweetgreen, Inc. operates in Restaurants, based in Culver City.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sweetgreen, Inc. has raised $123M in disclosed capital across 9 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2016-08-15.
Most recent recorded round closed around 2016-08-15.
Valuation (modeled)modeled
Provath models Sweetgreen, Inc. at approximately $126M (range $84M–$484M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.44× the median modeled value of Series B Restaurants companies in 2016–2018 (11 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 9.9 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Restaurants peers (2292 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: MOD Super Fast Pizza Holdings, LLC, BC Hospitality Group Inc., Big Night Venues Boston Harbor Parent, LLC, Big Causeway LLC, Mercado Investor LLC.
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.