Tropical Smoothie Café, a company that franchises a chain of more than 270 quick casual restaurants in 34 states across the Unites States, has received a $4.4m growth capital investment from BIP Opportunities Fund.
The capital infusion will enable the company to accelerate its franchise development efforts, investing in new technologies, personnel and operational infrastructure.
Commenting on the round, Eric Jenrich, CEO and co-founder of Tropical Smoothie Café was reported as saying: “BIP brings so much to the table – experience, contacts and capital in one shop.
“With their counsel and resources, we’ve clearly defined our growth strategy and are putting into place the right people and infrastructure to substantially expand the Tropical Smoothie Café brand”. he added.