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Dealipedia - Door to Door Organics receives an investment from Greenmont Capital...

Door to Door Organics receives a $2 million investment

Deal Participants:
Company: Door to Door Organics View Profile Charts Homepage
Investors: Greenmont Capital View Profile Charts Homepage
Deal Financials:
Investment Amount: $ 2 million
Series: A
Date:
Announced: Aug 23, 2012

Notes:

Door to Door Organics, a Lafayette-based online grocery and delivery company, raised $2 million in equity funding to bolster its marketing, technology and operations, officials announced Wednesday.

Boulder-based Greenmont Capital, an equity firm focused on the lifestyles of heath and sustainability sector, provided the investment. David Haynes, a partner with Greenmont Capital, is expected to join Door to Door Organics' board of directors.

It's the first outside funding for Door to Door Organics, which now has operations in Colorado, Illinois, Missouri, Michigan and Pennsylvania.

Chad Arnold, Door to Door Organics' president and chief executive officer, said the money would go toward amplifying the e-grocer's current operations and improving the customer experience.

“As a focus of this funding, it's really not about geographic expansion, but much more about improving our service,” he said.

Door to Door Organics has 150 employees companywide and about 65 workers in Colorado.

Deal Links:
Note
Edit History:

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Aug 23 '12
This version submitted by howmania
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