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Nestlé acquires Freshly for $1.5 billion

PRIVATEOct 16, 2026

Acquiring Company

Nestlé SA

Acquired Company

Freshly Inc.

VeveyArizonaFood and BeverageAgriculture and FarmingHospitalityFood ProcessingLogisticsNutritionCommerce and Shopping

Description

Nestlé has acquired Freshly in a deal worth up to $1.5 billion, which includes potential earnouts tied to business growth. The transaction values Freshly at $950 million with an additional $550 million in earnouts. The acquisition aims to combine Nestlé's food industry expertise with Freshly's innovative consumer analytics and distribution network. This strategic move aligns with Nestlé's focus on the prepared meal delivery market.

Company Information

Company

Nestlé SA

Location

Vevey, Vaud, Switzerland

About

Nestlé SA is a Swiss multinational food and beverage company. It is the largest food company in the world, measured by revenue. The company offers a wide range of products including baby food, coffee, dairy products, and more. Nestlé has a strong focus on nutrition and wellness.

Fundz sees it the moment Nestlé SA makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Freshly Inc.?

Freshly Inc. was acquired by Nestlé SA, based in Vevey. The deal was reported on October 16, 2026. Nestlé SA is a Swiss multinational food and beverage company. It is the largest food company in the world, measured by revenue. Nestlé SA is privately held and operates in Food and Beverage.

When did Nestlé SA acquire Freshly Inc.?

Nestlé SA's acquisition of Freshly Inc. was reported on October 16, 2026. Nestlé has acquired Freshly in a deal worth up to $1.5 billion, which includes potential earnouts tied to business growth. The transaction values Freshly at $950 million with an additional $550 million in earnouts. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Freshly Inc. do?

Freshly is a meal delivery service founded in 2015 that provides customers with fresh, chef-cooked meals delivered directly to their homes. The company rapidly grew its operations to ship over 1 million meals a week, expanding its services across 48 states. It is privately held, operating in Commerce and Shopping, and is based in Arizona.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.