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D1 Capital and Accel Lead Investment in Misfits Market
- Client News
- April 23, 2021
Paul, Weiss advised D1 Capital and Accel as lead investors in a $200 million Series C financing round in Misfits Market. Misfits Market is the fastest-growing direct-to-consumer online grocery service in the U.S. that delivers quality, sustainably sourced food at a value. The oversubscribed funding round, which closed on April 21, brings the company's total funding to $301.5 million and allows Misfits Market to expand distribution and push forward its goal of eliminating food deserts in America by 2025. Valor Equity Partners, Greenoaks Capital, Sound Ventures and Third Kind Ventures also participated in the round.
The Paul, Weiss team included, among others, corporate partners Ted Ackerman and Raphael Russo; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; and tax partner David Mayo.