What is Russ & Daughters?
Established in 1914, Russ & Daughters is a venerable New York City institution renowned for its extensive offerings of bagels, lox, and other appetizing delicacies. The company provides a comprehensive menu that includes platters and gift packages, available for pick-up, dine-in, and delivery across New York City and Brooklyn, with nationwide shipping capabilities. Russ & Daughters caters to a broad clientele, from local patrons to national customers seeking premium quality appetizing foods. Their service model also accommodates advance orders and gift deliveries, demonstrating a commitment to customer convenience and satisfaction.
How much funding has Russ & Daughters raised?
Russ & Daughters has raised a total of $416K across 2 funding rounds:
Debt
$150K
Debt
$266K
Debt (2020): $150K with participation from PPP
Debt (2021): $266K led by PPP
Key Investors in Russ & Daughters
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Russ & Daughters?
The substantial large-scale late-stage funding indicates a strategic phase for Russ & Daughters, likely focused on expanding its operational capacity, enhancing its digital infrastructure for nationwide reach, and potentially exploring new product lines or market segments. This capital injection is poised to fortify its market position and support its long-term vision for growth and continued service excellence in the competitive appetizing foods sector.
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