What is Dig Inn?
Founded in 2011 and headquartered in New York, NY, Dig Inn operates as a farm-grown food company. With multiple dining locations and a robust catering service, Dig Inn emphasizes locally-sourced ingredients to provide fresh, healthy meal options. The company has established itself as a key player in the fast-casual dining market, focusing on a farm-to-table ethos that resonates with health-conscious consumers. Its business model integrates a commitment to sustainability and community sourcing, differentiating it within the competitive food industry.
How much funding has Dig Inn raised?
Dig Inn has raised a total of $141.5M across 7 funding rounds:
Series A
$2M
Series B
$4.5M
Series C
$15M
Series D
$30M
Unspecified
$20M
Debt
$5M
Series F
$65M
Series B (2014): $4.5M, investors not publicly disclosed
Series A (2014): $2M, investors not publicly disclosed
Series C (2015): $15M supported by Monogram Capital Partners and Wexford Capital
Series D (2017): $30M featuring AVALT and Monogram Capital Partners
Unspecified (2019): $20M backed by Enlightened Hospitality Investments
Debt (2020): $5M with participation from PPP
Series F (2021): $65M led by Monogram Capital Partners, Inherent Group, and EHI
Key Investors in Dig Inn
Monogram Capital Partners
Monogram Capital Partners is a private equity firm founded in 2014, specializing in consumer and retail companies. The firm provides capital, strategic guidance, and operational expertise to empower management teams, focusing on developing the next generation of category leaders. With over $1.5 billion invested primarily in innovative brands, Monogram seeks to partner with strong management teams aiming for accelerated growth. Their expertise spans various sectors, including food & beverage, beauty, pets, and consumer healthcare.
Inherent Group
Inherent Group, LP is dedicated to promoting investment in sustainability-linked strategies by demonstrating superior risk-adjusted returns. The company focuses on long-term investment opportunities and utilizes environmental, social, and governance (ESG) factors to guide its investment decisions. They invest in both public and private companies, as well as third-party managed funds, while considering various ESG-related themes.
AVALT
Avalt operates as a private equity-focused family office investment firm, specializing in long-term capital deployment across mid-market companies in North America. Headquartered in Boston, Massachusetts, the firm was established by former senior partners from Bain Capital, bringing together deep expertise in private equity investing, operational strategy, and corporate leadership. Its foundation is built on the principle of aligning capital with long-term value creation, distinguishing itself from traditional private equity firms that often operate under fixed investment horizons.
What's next for Dig Inn?
The recent major strategic investment signals a new phase of growth for Dig Inn, likely enabling the company to scale its operations, expand its geographic footprint, and potentially enhance its technology infrastructure for ordering and delivery. This capital injection, following a series of previous funding rounds, suggests strong investor confidence in Dig Inn's business model and its ability to capture a larger share of the market. The company is poised to leverage this financial backing to further its mission of providing accessible, high-quality, locally-sourced food, potentially exploring new menu innovations and operational efficiencies to solidify its market leadership.
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