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Foxtrot Raises $100M in Series C to Drive New Store Openings
Foxtrot, the Chicago-based upscale convenience store chain, said Tuesday it had completed $100 million in Series C funding, led by D1 Capital Partners with continued participation from existing investors Monogram, Imaginary, Almanac, Wittington, Fifth Wall and Beliade and joining historical investors Lerer Hippeau and Revolution. The Series C brings total funding to $160 million.
“With this new round of funding, we’ll continue to accelerate the expansion of our brick-and-mortar presence, enter new and emerging markets and double down on new store formats that answer consumer demand for immersive programming and highly curated assortment,” said Mike LaVitola, co-founder and CEO of Foxtrot.
On the brick-and-mortar front, Foxtrot will use this fresh influx of capital to open 25 new stores in 2022, including Boston’s Back Bay neighborhood and the brand’s debut in Austin with two stores, along with openings locally in Willis Tower and Tribune Tower and near Wrigley Field.
- ◦Development
- ◦Financing
