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Benzinga

Business

Paula Tudoran

Billionaire Ray Dalio And JPMorgan Dump $150M Into Fruitist, The $1B Jumbo Blueberry Startup Crushing Healthy Snack

Caleb Williams United States Chicago Bears JPMorgan Asset Management Cloudflare Google Cloud

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Fruitist, the berry farming enterprise known for jumbo blueberries announced on Wednesday a $150 million funding round. JPMorgan Asset Management led the investment, while billionaire Ray Dalio‘s family office increased its backing in the startup. Chicago Bears quarterback Caleb Williams‘ investment firm, 888 Midas, also joined Fruitist’s investor roster.

This fresh capital brings total equity funding to $443 million since the company began operations, valuing Fruitist at approximately $1 billion, CNBC reported.

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