Mixt, the San Francisco-based salad chain, is opening a new Walnut Creek location, revealing its complex financial history from venture capital acquisition to a founder buy-back and current majority private equity ownership by The Builders Fund.

Mixt, the San Francisco-based salad chain, is set to open its newest location in Walnut Creek on Tuesday, July 14, at 1105 South California Boulevard. While a local expansion, this move is the latest chapter in the company's complex financial history, marked by a sale to a Nestlé-backed venture capital fund, a subsequent founder reacquisition, and its current majority ownership by a private equity firm.

Founded in 2005 by Andrew Swallow, Leslie Silverglide, and David Silverglide, Mixt (originally Mixt Greens) quickly established itself in the San Francisco food scene. Its trajectory took a significant turn in 2009 when it was acquired by O.M. Holdings Ltd., an entity primarily owned by Inventages Venture Capital, a fund backed by Nestlé. The financial terms of this acquisition were not publicly disclosed at the time.

In 2012, the company saw another shift in ownership as founders David and Leslie Silverglide reacquired Mixt from O.M. Holdings. While some reports include Andrew Swallow in this buyback, the exact parties and financial specifics of this transaction also remain undisclosed. Today, Mixt operates under the management entity Good Food Guys LLC, and its corporate structure includes private equity firm The Builders Fund as the majority owner. Other investors, including Obvious Ventures, Andas, and Xandex Ventures, are also listed, but no public filings detail the size or terms of their investments or current valuations.

This multi-stage financial evolution underscores the often-opaque nature of private company funding. Various aggregators report widely conflicting revenue figures for Mixt—some estimate $45.1 million annually, while others suggest between $1 million and $10 million. Similarly, reported location counts vary, with no consistent, publicly verified figures. The absence of SEC filings for Mixt's funding rounds means that concrete details on investment amounts, valuations, and the precise equity stakes of its various owners remain unavailable. The company maintains that it is "thrilled to plant our roots in this vibrant corner of Walnut Creek."

The Walnut Creek opening, replacing a deli that had operated for 58 years, represents continued physical expansion for Mixt. However, like many private companies, the verifiable financial mechanics underpinning its growth, particularly the specific contributions of its venture capital and private equity backers, remain behind a veil, leaving a gap between the public-facing expansion and the cap-table reality.