Door to Door Organics , a natural and organic online grocer, secured $25.5 m in Series B financing.
The investment was led by the Arlon Group, a New York based global food and agriculture investment firm, with the participation of Greenmont Capital Partners II, an investment fund based in Boulder, Colo. that invested $3.25 million in a Series A round in 2012. In conjunction with the funding, Michelle Brooks, a Managing Principal at Arlon Group, and Alexander Bernstein, a Principal at Arlon Group, will join the company’s board of directors.
The company will use the funding to continue to grow and accelerate its expansion into additional markets.
Founded in 2005 and led by Chad Arnold, CEO, Door to Door Organics offers a personalized, contextual shopping platform and provides time-saving tools like Shop by Recipe®, simple meal planning and Restock (simple repeatable solutions for regular customers to consolidate the planning and shopping process). The company also offers customers a way to shop and support local farming and artisan initiatives. It currently operates in 11 markets and 30 cities, including Denver, Kansas City, Philadelphia, Detroit and Chicago, and has more than 200 local farming partners.
FinSMEs
12/11/2014