About Milk Bar
Milk Bar is a company based in Brooklyn (United States) founded in 2008 by Christina Tosi.. Milk Bar has raised $54.26 million across 4 funding rounds from investors including Krave Jerky, SmashMallow and Sonoma Brands Capital. The company has 318 employees as of December 31, 2022. Milk Bar offers products and services including Birthday Cake, Assorted Cookie Tin, Milk Bar Pie, Strawberry Shortcake Cake, and Cake Truffles. Milk Bar operates in a competitive market with competitors including Burger King, Cracker Barrel, First Watch, YUM! Brands and Aurify Brands, among others.
- Headquarter Brooklyn, United States
- Employees 318 as on 31 Dec, 2022
- Founders Christina Tosi
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Momomilk, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.26 M (USD)
in 4 rounds
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Latest Funding Round
$22.26 M (USD), Series B
May 19, 2023
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Investors
Krave Jerky
& 3 more
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Employee Count
318
as on Dec 31, 2022
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Products & Services of Milk Bar
Milk Bar offers a comprehensive portfolio of products and services, including Birthday Cake, Assorted Cookie Tin, Milk Bar Pie, Strawberry Shortcake Cake, and Cake Truffles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Layered cake for celebrations and gifting.
Collection of cookies for sharing or treats.
Gooey pie with buttery filling for desserts.
Vanilla cake with strawberry elements.
Bite-sized treats made from cake crumbs.
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Funding Insights of Milk Bar
Milk Bar has successfully raised a total of $54.26M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $22.26 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $22.3M
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First Round
First Round
(08 Nov 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Milk Bar | Valuation |
investors |
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| Nov, 2019 | Amount | Series B - Milk Bar | Valuation |
investors |
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| Oct, 2019 | Amount | Series B - Milk Bar | Valuation | Sonoma Brands Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Milk Bar
Milk Bar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Krave Jerky, SmashMallow and Sonoma Brands Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Tech & offline focused Startup Studio building startups and investing in the US
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Founded Year | Domain | Location | |
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Protein products including jerky are manufactured by Krave Jerky.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Milk Bar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Milk Bar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milk Bar Comparisons
Competitors of Milk Bar
Milk Bar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Burger King, Cracker Barrel, First Watch, YUM! Brands and Aurify Brands, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Burgers and fast food are served by a restaurant chain.
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| domain | founded_year | HQ Location |
A chain of limited-service restaurants is operated nationwide.
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| domain | founded_year | HQ Location |
A chain of limited-service restaurants is operated nationwide.
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Owns & operates restaurant serving food & beverages
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| domain | founded_year | HQ Location |
Quick-service restaurant brands are operated on a global scale.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milk Bar
Frequently Asked Questions about Milk Bar
When was Milk Bar founded?
Milk Bar was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Where is Milk Bar located?
Milk Bar is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Milk Bar?
Christina Tosi is the current CEO of Milk Bar. They have also founded this company.
Is Milk Bar a funded company?
Milk Bar is a funded company, having raised a total of $54.26M across 4 funding rounds to date.
How many employees does Milk Bar have?
As of Dec 31, 2022, the latest employee count at Milk Bar is 318.
What does Milk Bar do?
Founded in 2008 in Brooklyn, United States, Milk Bar operates as a bakery chain in the food and beverage sector. Baked goods such as cakes, truffles, pies, cookies, and bagels are featured on the menu, along with cake shakes in various flavors. Catering services and baking classes are provided. Outlets are maintained in Toronto, New York, Las Vegas, and Washington DC, with products available for online purchase.
Who are the top competitors of Milk Bar?
Milk Bar's top competitors include Burger King, Cracker Barrel and First Watch.
What products or services does Milk Bar offer?
Milk Bar offers Birthday Cake, Assorted Cookie Tin, Milk Bar Pie, Strawberry Shortcake Cake, and Cake Truffles.
Who are Milk Bar's investors?
Milk Bar has 4 investors. Key investors include Krave Jerky, SmashMallow, Sonoma Brands Capital, and RSE Ventures.