Peter Rahal, co-founder of the protein bar brands RXBar and David. (Credit: Rahal's LinkedIn account)
At the end of May, Lebanese-American entrepreneur Peter Rahal's company David — named after Michelangelo's masterpiece — which specializes in protein bar production, announced it had raised $75 million, valuing the business at $725 million after only nine months on the market.This brings the total funding since its September 2024 launch to $85 million, as the New York-based company is poised to reach $100 million in revenue during its first year of operation.Thirteen years after making a joint investment of $10,000 with a childhood friend, the Chicago-born American of Lebanese origin now finds himself at the helm of a company he hopes soon to take public and value at several billion dollars. Lebanese entrepreneurs Naya raises $195 million to expand Lebanese food chain across the US This is just another step in an...
At the end of May, Lebanese-American entrepreneur Peter Rahal's company David — named after Michelangelo's masterpiece — which specializes in protein bar production, announced it had raised $75 million, valuing the business at $725 million after only nine months on the market.This brings the total funding since its September 2024 launch to $85 million, as the New York-based company is poised to reach $100 million in revenue during its first year of operation.Thirteen years after making a joint investment of $10,000 with a childhood friend, the Chicago-born American of Lebanese origin now finds himself at the helm of a company he hopes soon to take public and value at several billion dollars. Lebanese entrepreneurs Naya raises $195 million to expand Lebanese food chain across the US This is just another step in an...
