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Chicago & Midwest  + Downtown  + Retail  | 
Foxtrot Gold Coast store exterior Chicago

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. 

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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).

  • ◦Development
  • ◦Financing