The contemporary convenience store chain Foxtrot—known for 60-minute delivery guarantee of organic wine, hard seltzer, and locally made ice cream—has raised $42 million in Series B funding, the company announced Monday.
The new investment round is led by the food-tech venture capital firm Almanac Insights, whose founder is David Barber, co-owner of the celebrated restaurant Blue Hill at Stone Barns, in Tarrytown, N.Y. (His brother, Dan, is the chef.) Other investors include chef David Chang, founder of Momofuku, and Nicolas Jammet, Sweetgreen Inc.’s co-founder and co-chief executive officer. Monogram Capital Partners and former Whole Foods Market Inc. CEO Walter Robb have also contributed funds. The company has raised $65 million to date.
“This is the corner store reimagined,” says Barber. “No one is going into bricks and mortar with this digital strategy.”Bloomberg