Insomnia Cookies delivery company raises $3.39M in capital: Report
This is the first time Insomnia Cookies has raised venture capital funding
Insomnia Cookies has raised millions of dollars as part of its first known venture capital funding, according to a new report.
According to a Form D filing with the Securities and Exchange Commission (SEC), the late-night cookie delivery service raised $3.39 million.
On Tuesday, Crunchbase News reported that this is the first time the company has raised funding.
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Insomnia Cookies did not immediately return FOX Business’ request for comment Wednesday afternoon.
The company -- which is a college campus staple -- was founded in 2003 by Seth Berkowitz, who was a student at the University of Pennsylvania at the time.
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Today, Insomnia has more than 155 locations, according to Crunchbase News.
Back in 2018, Krispy Kreme bought a majority stake in Insomnia Cookies but left Berkowitz in charge, according to a report from the Associated Press at the time.
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