D.C.-based gelato powerhouse Dolcezza Gelato is raising money on the heels of an expansion into wholesale that has catapulted company revenue.
Dolcezza Gelato Holding LLC has raised $1.042 million of a $2 million funding round, according to a Jan. 6 Securities and Exchange Commission filing. Co-founders Robb Duncan and his wife Violeta Edelman are raising the money from friends and family.
Prior funding rounds have gone toward the expansion of Dolcezza’s retail presence, but this latest money will provide the working capital for production of its wholesale product.
Last May, Dolcezza officially launched nationally with Whole Foods Inc. and is now in all of the chain’s 500-plus stores. In addition to Whole Foods, Dolcezza finds itself in a number of other national grocers, including 165 locations of The Fresh Market, 58 Earth Fare locations, 40 Lucky’s Markets and 150 Natural Grocers (NYSE: NGVC).
“This is basically to position ourselves in the world of grocery and position ourselves…Read the full story from the Washington Business Journal.