Foxtrot, a Chicago, IL-based next-generation corner store, secured $6m in Series A funding.
The round was led by Fifth Wall with participation from Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, Collaborative VC, BoxGroup, Maveron, M3 Ventures and The University of Chicago.
The company intends to use the new funds to grow the team to support the expansion of its on-demand e-commerce delivery business, and the opening of additional retail stores in Chicago later this year and national expansion in early 2019, as well as to partner with large owners and operators of real estate to provide a curated amenity to neighborhoods and buildings – from residential to hotels to commercial landlords.
Led by co-founder and CEO Michael LaVitola, Foxtrot combines e-commerce with a curated in-store experience with the city’s best products – craft beer, wine, spirits, food, gifts and everyday essentials and deliver it all to customer’s home in 60 minutes.
The company’s team prioritizes products and integrations that are local – a significant portion of Foxtrot’s inventory comes from local purveyors.