Foxtrot raises $100 million to accelerate c-store expansion

With a new influx of capital led by D1 capital partners, the chain will open 50 new retail locations in 2 years.

Modern convenience store brand Foxtrot announced $100 million in funding led by D1 Capital. The stores marry in store curated discovery with rapid 30-minute delivery and 5-minute pickup convenience.

Founded by Mike LaVitola and Taylor Bloom in 2014, Foxtrot was created to modernize the nostalgic corner store experience by creating a digital-first ecommerce platform paired with a beautiful retail experience.

Since launching first as a digital-only delivery service, Foxtrot has since opened 16 brick and mortar locations across Chicago, Dallas and DC, each offering rapid, on-demand delivery and 5-minute pickup, introduced a national shipping platform, called Foxtrot Anywhere.

"As we exit the pandemic and our lives continue to normalize following a challenging and eye-opening two years, we expect that retail and hospitality will become increasingly important in creating a sense of community and driving discovery in a world that's been lacking this experience for quite some time," said Mike LaVitola, Co-Founder and CEO of Foxtrot.

Foxtrot will use this fresh influx of capital to open 25 new stores in 2022.