Headlines

Foxtrot Raises $42 Million in Funding

C-Store of tomorrow features artisan products, online ordering

Published

3 years ago

February 23, 2021

VMSD Staff

Convenience store chain Foxtrot (Chicago) has raised $42 million in series B funding, reports Bloomberg. Investors include Almanac Insights, Momofuku founder and chef David Chang and Sweetgreen founder Nicholas Jammet.

The company, which has raised $65 million, currently operates 10 stores in Chicago and Dallas and plans to open nine more this year. Foxtrot stands apart from traditional c-store by stocking local artisanal products alongside national brands. Customers order using an app.

“This is the corner store reimagined,” says David Barber, Almanac Insights founder and co-owner of restaurant Blue Hill at Stone Barns. “No one is going into bricks and mortar with this digital strategy.”

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design