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- Dig Inn
Dig Inn Funding, Investors & Competitors
Dig Inn has raised $134M across 6 funding rounds, most recently a $65M Series F in October 2021.
Last Dig Inn funding round
$65M
Series F · Oct 2021
Cumulative funding Dig Inn raised
$134M
across 6 funding rounds
Key investors in Dig Inn
Monogram Capital Partners
Avalt
Enlightened Hospitality Investments
Wexford Capital
Inherent Group
Kitchen Fund
Eminence Capital LP
Union Square Hospitality Group
About Dig Inn
Dig Inn is a New York-headquartered fast-casual restaurant chain emphasizing seasonal, farm-to-table cuisine with vegetable-forward bowls, whole grains, and naturally raised meats. Sourcing ingredients from regional farmers in the Northeast, it operates multiple locations in Manhattan, Boston, Washington DC, and Philadelphia. The menu features customizable bowls like the Chicken Keswick with roasted sweet potatoes and kale, alongside salads and plates prepared daily in open kitchens.
Founded
1997
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Dig Inn Funding History
Dig Inn has raised a total of $134M across 6 funding rounds.
Dig Inn's first fundraising round was a $2M Series A in November 2014. The most recent completed round was a $65M Series F in October 2021.
Dig Inn funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series F | Avalt; Monogram Capital Partners; Eminence Capital LP; Kitchen Fund; Inherent Group; Union Square Hospitality Group | $65M | Dig Inn is a vegetable-centric, multi-format restaurant group founded in 1997 and based in New York. The company operates fast-casual restaurants featuring vegetable-forward cooking with a focus on seasonal, locally-sourced ingredients, supplemented by DIG Acres, its own 20-acre farm in upstate New York that also operates a farmer apprenticeship program. In its Series F funding round on October 27, 2021, Dig Inn raised $65 million from a combination of new and existing investors including Enlightened Hospitality Investments (affiliated with Union Square Hospitality Group), Monogram Capital Partners, Avalt, Kitchen Fund, Eminence Capital LP, and Inherent Group. The funding enabled Dig Inn to reopen key locations temporarily closed during the COVID-19 pandemic and execute an aggressive expansion plan targeting growth from 30 to 60 restaurant locations over three years. Beyond expansion, the capital supported Dig Inn's people-first strategy, which included industry-leading compensation and benefits packages, a four-day workweek pilot tested in Boston and Philadelphia, four months of fully-paid parental leave for salaried employees, and the development of DIG Academy—a six-week culinary and training program that the company planned to evolve into a comprehensive educational platform covering business strategy, finance, and leadership over the following three years. |
| Apr 2019 | Undisclosed stage | Enlightened Hospitality Investments (lead) | $20M | Dig Inn is a New York-based fast-casual farm-to-table chain that focuses on fresh, locally sourced food with a vegetable-forward menu. At the time of this funding round in April 2019, the company operated 26 locations primarily in the Northeast, with concentration in New York City and Boston. In this $20 million funding round led by Enlightened Hospitality Investments (the growth equity fund affiliated with Danny Meyer's Union Square Hospitality Group), Dig Inn raised capital with Enlightened Hospitality as the majority investor, contributing $15 million. Mark Leavitt, Union Square's chief investment officer, joined Dig Inn's executive board as part of the deal. The funding brought Dig Inn's total capital raised to $71.5 million. Founder and CEO Adam Eskin planned to deploy the capital toward opening 10 new locations in 2019 across New York City and Boston, along with the company's first location in Philadelphia later that year. Additionally, Dig Inn announced plans to launch a full-service restaurant concept—its first foray into casual dining—slated for the West Village in New York City. The company also committed to expanding its proprietary delivery platform called Room Service across additional locations in Lower Manhattan and eventually to all New York City stores, while hiring 300 additional employees. The partnership reflected alignment on values around hospitality culture and bringing quality food systems change, with Meyer stating that Dig Inn was working to bring 'unprecedented and lasting change to our food system.' |
| Mar 2017 | Series D | Avalt (lead); Monogram Capital Partners; Bill Allen | $30M | Dig Inn is a New York City-based fast-casual restaurant chain focused on healthy, farm-to-table meals, emphasizing fresh vegetables from over 80 farmers and its own farm initiatives. In March 2017, it raised $30 million in a Series D funding round led by AVALT, with participation from Monogram Capital Partners and Bill Allen, former CEO of OSI Restaurant Partners (Outback Steakhouse). This was the company's largest round to date, following $21.5 million in prior funding, bringing total raised to over $50 million at that point. The funds were allocated to expansion, including opening 13 to 15 new locations in New York and Massachusetts by 2019, entry into a third undetermined state in 2018, launching a free culinary training school for employees, key leadership hires, and enhancing its internal tech platform like the mobile app for pickup and delivery. Dig Inn positioned itself as a 'fine-fast' chain blending fast-casual convenience with fine dining quality, competing with chains like Sweetgreen and Chopt amid rising demand for healthier eating. Subsequent rounds included a $20 million investment involving Danny Meyer's Enlightened Hospitality Investments in a later year for further Northeast expansion into Philadelphia and delivery growth via Room Service, and a Series F $65M in 2021, with total funding reaching $148.35M over multiple rounds. |
| Jan 2015 | Series C | Wexford Capital (lead) | $15M | Dig Inn Seasonal Market, a New York City-based farm-to-table fast-casual chain offering salads, sandwiches, and market plates with locally sourced produce at affordable prices around $10 per check, raised $15 million in its Series C funding round on January 20, 2015. The round was led by Wexford Capital, with participation from Monogram Capital Partners, Riverwood Capital founder Michael Marks, and Law360 founder Magnus Hoglund, bringing total funding to $21.5 million. At the time, Dig Inn operated 10 locations in Manhattan and planned to expand to 18 units within the year, targeting Boston and other East Coast cities as its first markets outside New York. The capital was primarily allocated to new locations, infrastructure, team building, and technology enhancements like online ordering, a loyalty app powered by LevelUp, and other customer service initiatives. The company emphasized democratizing farm-to-table eating through partnerships with small and medium-sized farmers to ensure quality, transparency, sustainability, and cost efficiencies passed to customers. |
| Nov 2014 | Series B | - | $2M | - |
| Nov 2014 | Series A | - | $2M | - |
Who has invested in Dig Inn?
9 investors have backed Dig Inn across its funding rounds, including Monogram Capital Partners, Avalt, Enlightened Hospitality Investments, Wexford Capital, Inherent Group and Kitchen Fund.
Lead investors include Enlightened Hospitality Investments, Avalt and Wexford Capital.
Dig Inn Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2017 | ||
| 2 | Participant | Mar 2017 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Participant | Mar 2017 | ||
This data is available for Pro users. Sign up to see all 9 Dig Inn investors. Start Free Trial | ||||
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Start Free TrialDig Inn Competitors
Dig Inn competitors include listed companies like Coca-Cola and Nestlé, and private ones like HeyTea, Gousto, Naixuecha and Rebel Foods.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $58M | - | $9B | - | ||
| Private | $415M | $56M | $2.1B | - | ||
| Private | $725M | - | $1.8B | - | ||
| Private | $173M | - | $1.4B | 8.1x | ||
| Publicly listed | $48B | $18B | $379B | 8.3x | ||
| Publicly listed | $109B | $19B | $245B | 2.8x |
Dig Inn Public Comps
Dig Inn is still privately-owned, but its public comps include Coca-Cola, Nestlé, PepsiCo, McDonald's, AB InBev, Unilever, Starbucks, Monster Beverage, Mondelez and Nongfu Spring.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48B | $18B | 8.5x | 8.3x | 22.8x | 24.1x | |||
| $109B | $19B | 2.9x | 2.8x | 16.2x | 14.4x | |||
| $94B | $16B | 2.4x | 2.3x | 14.5x | 11.8x | |||
| $27B | $15B | 8.5x | 8.2x | 15.7x | 15.0x | |||
| $59B | $20B | 3.9x | 3.6x | 11.7x | 10.0x | |||
| $58B | $12B | 2.9x | 2.8x | 13.6x | 12.4x | |||
| $37B | $4.7B | 3.5x | 3.4x | 27.4x | 22.0x | |||
| $8.3B | $2.5B | 10.1x | 9.0x | 33.3x | 28.9x | |||
This data is available for Pro users. Sign up to see all Dig Inn competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dig Inn
| When was Dig Inn founded? | Dig Inn was founded in 1997. |
| Where is Dig Inn headquartered? | Dig Inn is headquartered in New York City, NY, United States. |
| Is Dig Inn publicly listed? | No, Dig Inn is a private, VC-backed company. |
| How much funding has Dig Inn raised? | Dig Inn has raised $134M across 6 funding rounds. |
| What was Dig Inn's last funding round? | Dig Inn's last funding round was a $65M Series F in October 2021. |
| Who are Dig Inn's investors? | Dig Inn's investors include Avalt, Monogram Capital Partners, Eminence Capital LP, Kitchen Fund, Inherent Group, Enlightened Hospitality Investments, Bill Allen, Wexford Capital and Union Square Hospitality Group. |
| Which companies are comparable to Dig Inn? | Companies comparable to Dig Inn include HeyTea, Gousto, Naixuecha, Rebel Foods, Coca-Cola and Nestlé. |
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