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Upscale convenience retailer focused on delivery received $42 million in Series B funding
Foxtrot Market, the Chicago-based convenience store and café chain with a focus on 60-minute delivery, announced Monday it has closed a $42 million Series B funding round, led by David Barber’s Almanac Insights and Monogram Capital Partners.
Additional investors include celebrity chef and restaurateur David Chang, Sweetgreen co-founder and chief concept officer Nicolas Jammet and former CEO of Whole Foods Walter Robb.
With this investment, Foxtrot, which currently operates eight stores in Chicago and Dallas, expects to add as many as nine stores in those cities by the end of 2021, and expand into new markets including Washington, D.C. Funds will also be used to expand Foxtrot’s line of private label packaged goods and gift offerings, and to continue the investment into nationwide shipping, which launched in January.