Austin, TX (PRWEB) August 18, 2015
The much loved warm cookie delivery company, Tiff’s Treats, today announced it has closed more than $14 million round of funding, including debt and equity. The Series C round was led by private equity firm, Capstar Partners, private investor Lew Little, and included other institutional and individual investors. This financial infusion will help Tiff’s Treats continue to grow and expand, including to new geographies, ensuring its warm, fresh baked cookies are available to more happy customers in more places. Additionally, today, Tiff’s Treats is proud to announce that its co-founder, Tiffany Taylor Chen, was recently recognized with a Profiles in Power award, one of six of 30 finalists selected by the Austin Business Journal recognizing the area’s top women in business in 2015.
"Tiff's Treats is such an iconic local and regional brand,” said Lew Little, former CEO Harden Healthcare. “Leon and Tiff created something special when they were at UT. Since that time, they have meticulously built a great culture and team that is poised for growth. I look forward to joining the Board and participating with them in their future success. Also, I love their cookies!"
With this investment, Little will be joining the Tiff’s Treats board of directors, along with former Whole Foods executive, Lee Valkenaar. Little and Valkenaar join an already impressive list of advisors and investors including a former VP of Pizza Hut, Sam Khoury, a former VP of Starbucks, Joe Canterbury and Mike Joyce, COO Live Oak Gottesman.
Tiff’s Treats is celebrating 16 years in business this year, and recently opened its 17th and 18th locations, its first in Fort Worth, and second in San Antonio, respectively. In addition to Taylor Chen awarded a 2015 Profiles in Power, Tiff’s Treats’ CFO, Kullen Kifer, was also recently awarded CFO of the year by the Austin Business Journal. This funding will support the company’s retail expansion plans, to take its business beyond 18 stores in 4 cities in Texas.
“Tiff and I have always been lucky to have great investors backing us. From our first round in 2008 to this most current round, we have had an incredibly supportive and helpful group of people who believe in the Tiff’s Treats brand, folks like Mark Melton, Kurt Somerholter and Drew Duncan,” said Tiff’s Treats co-founder, Leon Chen. “With this latest round, we are excited to add Lew, Steve Hicks and Robert Hicks of Capstar Partners. All three have been extremely successful in growing businesses and they lead a very impressive list of new investors that will be joining the Tiff’s Treats team."
All Tiff’s Treats locations deliver warm cookies, straight from the oven, to businesses and homes in four Texas cities. Tiff’s Treats is a delicious idea for dessert delivery to your home or business, client gifts and meeting snacks, birthday gifts, a sweet-tooth fix and more. Baked fresh when you order from premium ingredients, all cookies and brownies are delivered warm, straight from the oven, in a white box complete with a colorful ribbon. For those who appreciate the experience of a warm cookie made from scratch (of only the finest ingredients and right out of the oven!), Tiff’s Treats offers something thoroughly enjoyable, as it is the first company in the country to pioneer warm cookie and brownie delivery.
More About Tiff’s Treats
Tiff’s Treats makes and delivers classic, baked-to-order cookies and brownies straight from the oven to the home or office, WARM, in about an hour. Founded in 1999, what started as two friends baking cookies at University of Texas at Austin to help fellow students get through exams has now grown to 18 stores in Texas, baking more than 50 million cookies since its inception. And the company is consistently focused on giving back: with grand opening fundraisers that fill needs for charities (and hungry bellies for Tiff's fans!), Tiff’s Treats has donated more than $75,000 to worthy causes. Tiff’s Treats operates stores in the Austin, Dallas/Fort Worth, Houston, and San Antonio. The company was founded by Tiffany and Leon Chen, UT alumni from Richardson, TX. For more information, please visit http://www.cookiedelivery.com.