AOL founder invests $30M in school food company

Steve Case is putting his investment into Revolution Growth, a company started to find better and more affordable ways to provide healthier school lunches.

NEW YORK—AOL Co-Founder Steve Case, via his investment fund Revolution Growth, has now made a second deal to fund a company focused on healthy eating. The firm is putting $30 million into Revolution Foods (no relation to Revolution Growth!), a company launched eight years ago by two women and mothers who wanted to find a better and more affordable way to provide healthier school lunches.

As with last year’s $22 million investment into organic salad chain Sweetgreen, Revolution Foods is not really a “tech” company, however.

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Ideas and Innovation
sparkling water

Our carbonated soft drink sales at Earls.67 reflect a national trend; we’re continually down on carbonated soft drink sales by 8% to 9% on an annual basis,” says Cameron Bogue, beverage director at the contemporary-casual chain Earls Kitchen + Bar.

The issue with spa water

Many operators are intrigued with the offering, but they are learning that infused water can’t be offered at a cost to guests unless there is added value beyond cut-up fruit. Bogue says, “I was adamant that I didn’t want to charge for spa water.”

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