Tech Company Financing Transactions
Chip City Cookies Funding Round
Chip City Cookies secured a $7.5 million Series B financing round on 5/9/2024. Backers included Enlightened Hospitality Investments.
Transaction Overview
Company Name
Announced On
5/9/2024
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to continue its investment in growing its brick and mortar locations throughout the United States, as well as in people, services, and creative collaborations to further strengthen its brand position within the competitive cookie segment.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
Undisclosed
College Point, NY 11356
USA
College Point, NY 11356
USA
Phone
Undisclosed
Website
Email Address
Overview
Born in Astoria, Queens in July 2017, Chip City began as a hobby between two childhood friends as they sought to recreate the simple taste of their childhood. What began as a fun challenge to see who could create the best cookie turned into the Chip City we know and love today. Chip City currently has 12 locations across Manhattan, Brooklyn, Queens and Long Island with plans to have at least 5 more stores by the end of 2022, including entering a new market with a store in Hoboken.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Shake Shack
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