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Chip City Cookies raised $7.5M in a Series B funding led by Enlightened Hospitality Investments (EHI) to accelerate growth and scale the brand.

May 08, 2024over 1 year ago

Amount Raised

$7.5 Million

Round Type

series b

New York

Investors

Enlightened Hospitality Investments (Ehi)

Description

Chip City Cookies has closed a $7.5 million Series B investment from Enlightened Hospitality Investments, bringing the total amount raised from EHI to $17.5 million. The financing will enable continued investment in growing Chip City's brick and mortar locations throughout the United States, as well as in people, services, and creative collaborations to further strengthen its brand position within the competitive cookie segment.

Company Information

Company

Chip City Cookies

Location

New York, United States

About

Welcome to Chip City Cookies! Chip City currently has 38 locations. We are located in New York (Manhattan, Queens, Brooklyn, Long Island), New Jersey, Maryland, Virginia and are quickly expanding.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers