CHIP CITY COOKIES ANNOUNCES SERIES B CAPITAL RAISE FROM ENLIGHTENED HOSPITALITY INVESTMENTS (EHI)

NEW YORK, May 8, 2024 /PRNewswire/ -- Chip City Cookies (Chip City), NYC's fastest-growing gourmet cookie chain, announced it has closed a $7.5 million Series B investment from Enlightened Hospitality Investments, which brings the total amount raised from EHI to $17.5 million. The financing enables continued investment in growing Chip City's 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.

"This Series B fundraise helps Chip City sustain and further our strong commitment to developing exceptional cookies, providing enjoyable experiences for our guests and team members, and to continuously invest in the next stage of our transformative journey," stated Peter Phillips, CEO and Co-founder of Chip City. "We're excited about our growth trajectory and this investment from EHI propels us into a new era of growth and innovation."

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