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Thistle

Can a plant-based prepared meal subscription build the unit economics and geographic scale necessary to become the default healthy eating autopilot for American households?

Founded2015
HQSan Francisco, CA, USA
FoundersAshwin Cheriyan, Shiri Avnery
Total raised$15.3M+
Latest roundSeries B, January 2021
IndustryE-commerce / DTC brand
The story

Thistle launched as a direct-to-consumer prepared plant-based meal and juice delivery subscription, differentiated by thrice-weekly batched delivery optimized for efficiency — avoiding the failed on-demand model of predecessors like Sprig. The company has steadily expanded its geographic footprint from the Bay Area toward national coverage, using venture capital to build out production infrastructure. Its embedded finance footprint is minimal, consistent with a subscription food DTC brand whose financial infrastructure is primarily limited to payment acceptance and banking rails.

Last 12 months
Product timeline
2015
Founded in San Francisco as a plant-based prepared meal and cold-pressed juice delivery service targeting health-conscious consumers.· pivot
2020
Raised $5M Series A to expand subscription meal delivery in the Bay Area, Los Angeles, and San Diego.· banking
2021
Raised $10.3M Series B led by PowerPlant Ventures to fund East Coast geographic expansion and a new production facility.· banking
The stack
1 layer disclosed in Thistle’s embedded-finance stack
Banking / BaaS
ClearBank
Accounting gap: none