Tiger Global Management Leads Funding Round for PopUp Bagels at $300 Million Valuation
Tiger Global Management led a funding round for New York City-based PopUp Bagels in late March, valuing the chain at $300 million. The investment marks a five-fold increase from its $60 million valuation after a 2023 acquisition. PopUp Bagels plans to expand to 300 U.S. locations.
retailtimes.co.uk# Tiger Global Management Leads Funding Round for PopUp Bagels at $300 Million Valuation New York City-based investment firm Tiger Global Management led a new funding round for PopUp Bagels in late March, according to Bloomberg. The round valued the viral bagel chain at $300 million. This investment represents a five-fold surge in valuation in just five months.
PopUp Bagels, founded in 2020 by Adam Goldberg, began as a home kitchen experiment in Connecticut during the pandemic. The chain is based in New York City. In 2023, Stripes acquired a majority stake in PopUp Bagels, after which the company was valued at over $60 million, according to media reports.
S. Tiger Global Management has exited more than 85 companies from its most recent fund. The firm has invested in OpenAI, Waymo, and backed Meta Platforms Inc. Tiger Global Management's portfolio dropped over 50% following the 2022 tech downturn.
Background on PopUp Bagels PopUp Bagels was founded in 2020 by Adam Goldberg.
It started as a home kitchen experiment in Connecticut during the pandemic. The chain has since become a viral bagel operation based in New York City. In 2023, Stripes acquired a majority stake in the company.
Following that acquisition, PopUp Bagels was valued at over $60 million, according to media reports. S.
Tiger Global Management's Investment History Tiger Global Management is a New York City-based investment firm.
It has invested in OpenAI. The firm has also invested in Waymo and backed Meta Platforms Inc. Tiger Global Management has exited more than 85 companies from its most recent fund. Its portfolio dropped over 50% following the 2022 tech downturn.
The late March investment in PopUp Bagels came at a $300 million valuation, per Bloomberg.
Valuation Growth and Expansion Plans The late-March funding round led by Tiger Global Management valued PopUp Bagels at $300 million.
This marks a five-fold surge from the over $60 million valuation after the 2023 Stripes acquisition. S.
Story Timeline
4 events- late March 2026
Tiger Global Management led funding round for PopUp Bagels at $300 million valuation.
1 sourceBloomberg - 2023
Stripes acquired majority stake in PopUp Bagels, valuing it at over $60 million.
1 sourcemedia reports - 2022
Tiger Global Management's portfolio dropped over 50% following tech downturn.
1 sourceunattributed - 2020
PopUp Bagels founded by Adam Goldberg as home kitchen experiment in Connecticut.
1 sourceunattributed
Potential Impact
- 01
PopUp Bagels achieves rapid valuation growth, enabling accelerated U.S. expansion to 300 locations.
- 02
Tiger Global Management diversifies into consumer food sector amid tech portfolio recovery.
- 03
Boost to New York City startup ecosystem with high-profile bagel chain funding.
- 04
Increased competition in viral food chains as PopUp Bagels scales nationally.
- 05
Potential for further exits from Tiger Global's fund following PopUp Bagels investment.
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