Just Salad
Fast casual salad chain · 138+ locations · NYC, NJ, CT, FL, MD, IL, PA, MA, DC
Just Salad is B Corp-certified, with third-party-verified carbon labels on every menu item. It's still founder-run after 20 years, but a $200M round in 2025 valued it at $1B and gave institutional investors big positions.
The Big Picture
Just Salad's green claims are checkable: B Corp certification and carbon labels verified by Planet FWD. The labor record is thinner. A 2018 delivery-fee suit was mostly dismissed, a related tip claim settled for $120,000 in 2022, and two wage suits from 2025 remain open. Founder Nick Kenner is still CEO, but a $200 million round in 2025 and Panda Restaurant Group's minority stake, held since 2014, now shape growth.
The Dirty Details
Ownership
StripesGrowth Equity
Stripes is a New York growth-equity firm founded in 2008 by Ken Fox, investing in consumer brands and software companies: its portfolio spans OpenAI, A24, Monday.com, and Vuori alongside the food brands Ferret tracks. The firm typically takes minority growth stakes, though it has taken majority control in some cases.
Assets under management: $7B (2025)
See all Stripes companies on FerretD1 CapitalHedge Fund
D1 Capital Partners is Dan Sundheim's New York investment firm, founded in 2018, managing tens of billions across public stocks and late-stage private companies, SpaceX among its largest private holdings. It typically takes non-controlling growth stakes, as it did in the two restaurant brands on Ferret.
Assets under management: ~$31B (2025)
See all D1 Capital companies on FerretWhat do these scores mean? Learn more.
Make a New Choice
Company data last updated September 2026
How does one person build and research all this? They don't: here's how it actually works. Verdicts are our opinions, based on the public sources cited above as of September 2026. Spotted something off? or learn more.