Doughlicious, a British FoodTech frozen novelty brand known for its artisanal frozen cookie dough-enrobed gelato bites, announced a €4.3 million round to expand across the US, where it already has a retail presence, and internationally.
The round was led by Rich Products Ventures (RPV), the corporate venture capital fund of the global, family-owned food company Rich Products (Rich’s), and private investor collective The Angel Group, along with participation from existing investors.
“This partnership with Rich’s and The Angel Group is more than an investment – it’s a vote of confidence in the future of Doughlicious and our mission to redefine indulgence,” said Kathryn Bricken, Founder and CEO of Doughlicious. “With their support, we’re poised to grow faster, innovate smarter, and bring our crave-worthy creations to more consumers around the world.”
Founded in 2017, Doughlicious is a female-founded and operated startup with a mission to redefine the cookie dough experience by creating the “ultimate snackable treat“.
Focused on better-for-you ingredients and sustainable practices, the brand brings a fresh perspective to the frozen snack category. Doughlicious’ frozen cookie dough & gelato bites are reportedly gluten-free, free from added refined sugars and white bleached flour, and contain no artificial additives or preservatives.
Their products are crafted and produced in their London facility and available in over 10,000 retail stores across the US, UK and parts of Europe and the Middle East – including Target, Whole Foods, Wegmans, and GoPuff.
This fundraise will help Doughlicious accelerate its expansion across the US and other international markets.
“Innovation is at the core of both Rich’s and RPV, and we believe in the bold ideas that are shaping the future of food,” said Dinsh Guzdar, managing partner of Rich Products Ventures. “Doughlicious is a great example of a brand that is delivering on what today’s consumers want – smaller portions and clean-label offerings that don’t sacrifice on taste. We’re excited to help Doughlicious expand its footprint throughout the U.S. and shake up the freezer section with a new concept in permissible indulgence.”