US food delivery service FreshDirect has said it has raised US$31m in capital through a private placement of equity securities.

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AIG-sponsored funds, advised by AIG Global Investment, invested $15m, while the remainder was funded by several investors, including CIBC Capital Partners and Canyon Partners.


New York-based FreshDirect has been operating its delivery service for about a year, and is now operating at annualised sales of over $75m, reported Reuters.

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