Tiger Global Leads Funding Round Valuing PopUp Bagels at $300 Million, a Five-Fold Increase in Five Months
The late-March investment marks a five-fold valuation increase in five months for the bagel chain founded in 2020. Tiger Global has exited more than 85 companies from its most recent fund.
orlandoweekly.comTiger Global Management led a new funding round for PopUp Bagels that values the chain at $300 million. Bloomberg reported the late-March investment on Friday. The round lifted the company’s valuation five-fold in five months.
PopUp Bagels and Tiger Global did not immediately respond to requests for comment. Tiger Global has exited more than 85 companies from its most recent fund. The firm is concentrating capital on a smaller set of high-conviction investments that include OpenAI and Waymo while shifting toward smaller, later-stage deals.
PopUp Bagels was founded in 2020 by Adam Goldberg. It began as a pandemic-era home kitchen experiment in Connecticut and gained traction through social media with its “grip, rip and dip” format of unsliced bagels served with spreads. New York City-based investment firm Stripes acquired a majority stake in 2023 when media reports placed the chain’s value above $60 million.
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