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Foxtrot Market Plans to Double Store Count After Series B Round

Upscale convenience store Foxtrot Market, headquartered in Chicago, has raised $42 million in a Series B fundraising round. The round was led by David Barber’s Almanac Insights and Monogram Capital Partners. Backers also include David Chang, founder of Momofuku; Nicolas Jammet, co-founder and chief concept officer of sweetgreen; and former Whole Foods CEO Walter Robb.

Following this investment, Foxtrot expects to double its store count by year’s end. This growth will include adding up to nine stores in Chicago and Dallas where it presently has a footprint, and expansion into new markets including Washington, DC.

The company has also bolstered its executive team, hiring Sumi Ghosh, COO; Scott Holloway, SVP, Delivery; and Caroline Barry, VP, Strategy.

“With this new round of funding and an incredibly strong executive team now fully in place, we see 2021 as a year of tremendous growth for Foxtrot,” said CEO and co-founder Mike LaVitola.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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