What is Cid?
Cid, a family-owned natural grocer and market, has been a cornerstone of the Taos community since its establishment in 1986. The company offers a diverse selection of organic and local grocery products, alongside wellness staples. Its commitment extends to providing hormone-free meat and fish, bulk items, and health and beauty products at accessible price points. Complementing its grocery offerings, Cid features The Cellar, a boutique store specializing in fine wine, beer, and craft spirits, and provides catering services for local events. This comprehensive approach, coupled with a dedication to community support and customer service, positions Cid as a vital hub for healthy living in Taos and Taos Ski Valley.
How much funding has Cid raised?
Cid has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Cid
PPP
Public-Private Partnership
What's next for Cid?
The recent major strategic investment, within the context of large-scale late-stage funding, suggests Cid is poised for significant growth and operational scaling. This capital infusion will likely be directed towards expanding its product lines, enhancing its supply chain for organic and local goods, and potentially broadening its geographic reach or service offerings, such as its catering division. The company's strong foundation in community engagement and its diverse retail and service model provide a robust platform for leveraging this new financing to solidify its market leadership and explore new avenues for development.
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