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, 2024•over 1 year ago
Amount Raised
$7.5 Million
Round Type
series b
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers