D'Amelio Brands Announces $5M Investment And Foray Into The Food & Beverage Space
Aug 17, 2023•about 2 years ago
Amount Raised
$5 Million
Investors
Fifth Growth Fund
Description
D'Amelio Brands, a new venture and cross-platform company created by entrepreneurs Marc and Heidi, and social media phenoms Dixie and Charli, announced today a $5M strategic investment from the consumer-focused media and tech firm, Fifth Growth Fund (FGF). This round of capital will fuel the company's expansion into the Food & Beverage sector, with the imminent launch of D'Amelio Foods.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers