Doughlicious® Achieves Significant Fundraising Milestone
Pioneering Growth and Innovation in the Frozen Novelty Category
Doughlicious®, the better-for-you frozen novelty brand known for its artisanal gelato bites, is delighted to announce a major achievement: a $5 million fundraising round led by Rich Products Ventures (RPV), the venture capital arm of the esteemed food company Rich Products, alongside the private investor group The Angel Group. This round has also seen participation from existing investors, marking a pivotal milestone for the brand.
This successful fundraising will play a crucial role in Doughlicious's commitment to expanding its presence in both U.S. and international markets. With a well-established reputation for assisting innovative food startups in scaling and achieving market success, RPV brings valuable expertise and worldwide distribution channels to the table. Meanwhile, The Angel Group contributes strategic insights and access to influential connections that are vital for sustainable growth.
“Our alliance with Rich's and The Angel Group signifies more than just financial support; it exemplifies a shared belief in Doughlicious's potential and our vision to transform the dessert landscape,” stated Kathryn Bricken, the Founder and CEO of Doughlicious. “Their backing empowers us to innovate more effectively and reach a wider audience with our delicious creations.”
Doughlicious has made notable strides in the retail space, now found in major U.S. retailers including Target, Whole Foods, Wegmans, and GoPuff. The brand's unique frozen gelato bites, wrapped lovingly in cookie dough and coated with cookie crumble, are gluten-free and made with clean, natural ingredients. Available in both full-size and mini formats, they bring a refreshing take on nostalgic favorite treats.
“Innovation drives the passion at Rich's and RPV, and we are enthusiastic about supporting groundbreaking ideas that redefine food trends,” remarked Dinsh Guzdar, managing partner of Rich Products Ventures. Doughlicious represents an exciting model that resonates with modern consumer preferences—emphasizing smaller portions and clean ingredients without compromising on flavor. Our aim is to facilitate Doughlicious's growth and revolutionize the dessert aisle with this innovative indulgence.”
As this strategic partnership flourishes, Doughlicious, Rich's, and The Angel Group are crafting a remarkable journey ahead. With a combined focus on creativity, dedication, and strategic resources, Doughlicious is poised to make a significant impact in the frozen novelty dessert market.
About Doughlicious The London Dough Co.
Doughlicious is a proud female-founded business on a mission to elevate the cookie dough experience, delivering a truly snackable treat. By prioritizing better-for-you ingredients and sustainable practices, the brand infuses fresh energy into the frozen snack category. All Doughlicious products are crafted with care, ensuring they are gluten-free, free from added refined sugars and artificial additives, while maintaining exceptional taste.
These delectable frozen cookie dough and gelato bites are thoughtfully produced at the brand’s facility in England and are currently available in over 10,000 stores across the U.S., UK, and parts of Europe. The commitment to quality and innovation positions Doughlicious uniquely within the marketplace, offering consumers a guilt-free indulgence.
Meet Rich's Products
Rich's, or Rich Products Corporation, is a family-owned enterprise committed to creating possibilities through food. Their diverse product range includes cakes, icings, appetizers, and toppings, all designed to be used in homes, restaurants, and bakeries worldwide. Beyond stellar culinary offerings, Rich's provides customers with insights to boost their market competitiveness. With tens of thousands of customers globally and impressive yearly sales of over $5.8 billion, Rich's is an industry leader dedicated to enhancing culinary experiences.
Rich Products Ventures (RPV) functions as the corporate venture capital branch of Rich Products, investing in growth-stage companies innovating in the food sector. RPV’s focus lies in food technology, sustainable practices, and enhancing retail and food services globally. By offering operational support and strategic connections, RPV aims to empower startups in achieving scalability and sustained success.
Media Contacts
Whitney Spielfogel, Doughlicious
516-316-4201
Media inquiries can be directed to the Doughlicious team for further information.
Allie Friedman, Rich Products / Rich Products Ventures
716-479-3969
For insights regarding Rich Products or RPV, interested parties are encouraged to reach out.
Frequently Asked Questions
What is Doughlicious known for?
Doughlicious is renowned for its innovative frozen gelato bites wrapped in cookie dough, offering a healthier indulgence.
Who are the key investors behind Doughlicious's recent funding?
The major investors include Rich Products Ventures and The Angel Group, along with existing investors.
How does Doughlicious prioritize sustainability?
Doughlicious emphasizes the use of better-for-you ingredients and sustainable practices in its production processes.
Where can Doughlicious products be found?
Products are available in retailers such as Target, Whole Foods, Wegmans, and GoPuff, with a presence in over 10,000 stores.
What future plans does Doughlicious have?
The brand aims to expand its market reach and innovate its product offerings through the recent funding.
