Foxtrot, a Chicago, IL – based innovative convenient store and cafe company, raised $17M in growth funding.
The round was co-led by Imaginary and Wittington Ventures with participation from existing investors Fifth Wall, Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, M3 Ventures, The University of Chicago, Collaborative VC, and Wasson Enterprise, as well as new investors Bluestein Associates and Barshop Ventures.
Led by Mike LaVitola, co-founder and CEO, Foxtrot has built a digitally native evolution of the corner store/cafe that combines neighborhood retail and ecommerce technology, to offer a curated collection of daily essentials, coffee and prepared foods available in-store or delivered in under an hour. Each retail locale features an array of hand-selected products (such as a premium selection of craft beer, wine, spirits, food, gifts and everyday essentials) that champion local and heritage brands alike, as well as branded and private-label items, including coffee and prepared food. Consumers can also order in-store products through the app and ecommerce site and select on-demand delivery.
The capital will allow the company to grow its corporate team and meet the demand for expansion, including the Spring 2020 launch of two Washington, D.C. locations (1267 Wisconsin Avenue in Georgetown and in Mount Vernon). Foxtrot is also slated to open its eighth location in Chicago (545 McClurg Court), to bring its total to 12 locations across three markets (Chicago, Dallas and Washington, D.C.), with additional markets being announced later in 2020.
FinSMEs
06/02/2020