How Much Did Ciudad Raise?
Funding & Key Investors

Ciudad has recently secured a major strategic investment, adding to its total funding of $567K. This latest capital infusion, valued at $417K, underscores the company's significant progress and potential in the competitive culinary landscape. The recent financing round signifies a pivotal moment for the enterprise-level venture, positioning it for accelerated growth and market expansion.

What is Ciudad?

Ciudad
HospitalityRestaurant Reservations

Ciudad is a distinctive restaurant venture in downtown Los Angeles, founded by acclaimed Chefs Mary Sue Milliken and Susan Feniger. The establishment is dedicated to showcasing the vibrant and diverse flavors of the Latin world, spanning culinary traditions from Havana to Rio, Buenos Aires, Lisbon, and Barcelona. Building on the chefs' extensive experience, including their previous successful ventures like CITY and Border Grill, Ciudad offers an authentic yet inventive menu. This menu draws inspiration from home cooks and street vendors encountered during extensive culinary explorations across South America and Spain, alongside collaborations with native cooks from various Latin American countries. The restaurant's design, by architect Josh Schweitzer, complements its cosmopolitan and jazzy Latin ambiance.

How much funding has Ciudad raised?

Ciudad has raised a total of $567K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$417K

Debt (2020): $150K with participation from PPP

Debt (2021): $417K led by PPP

Key Investors in Ciudad

PPP

Public-Private Partnership

PPP

Public-Private Partnership

Undisclosed Investor

An undisclosed investor has participated in the company's funding rounds, contributing to the overall capital raised. The specific nature of their investment strategy remains private.

What's next for Ciudad?

With the recent major strategic investment, Ciudad is poised for a new phase of development and expansion. This capital infusion is expected to fuel initiatives aimed at enhancing the dining experience, potentially expanding the restaurant's footprint, or developing new culinary concepts. The company's focus on authentic Latin American cuisine, combined with the established reputation of its founders, positions it favorably for continued success and market penetration. Future endeavors will likely leverage the chefs' deep understanding of global flavors and their proven ability to translate diverse culinary traditions into accessible and appealing dining experiences.

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Frequently Asked Questions Regarding Ciudad Financial Insights

What are the most recent funding rounds that Ciudad has completed, and what were the funding rounds?
Ciudad has recently completed 2 funding rounds: Debt on Feb 22, 2021, Debt on Apr 14, 2020.
What is the total amount of funding Ciudad has raised to date?
Ciudad has raised a total of $567K in funding to date.
How many funding rounds has Ciudad completed?
Ciudad has completed 2 funding rounds.
How much funding did Ciudad raise in its most recent funding round?
Ciudad raised $417K in its most recent funding round.
Who are the lead investors in Ciudad's latest funding round?
The lead investor in Ciudad's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Ciudad's history?
The largest funding round in Ciudad's history was $417K.
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