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.
forward.com# Tiger Global Management Leads Funding Round for PopUp Bagels at $300 Million Valuation Tiger Global Management led a new funding round for PopUp Bagels in late March, according to Benzinga. The investment values the bagel chain at $300 million, as reported by Bloomberg. This represents a five-fold surge in PopUp Bagels' valuation in just five months, per Benzinga.
PopUp Bagels is a viral bagel chain based in New York City, according to Benzinga. The company was founded in 2020 by Adam Goldberg. It began as a home kitchen experiment in Connecticut during the pandemic, Benzinga reported.
Previous Investment and Growth Stripes acquired a majority stake in PopUp Bagels in 2023, according to Benzinga.
Following the acquisition, PopUp Bagels was valued at over $60 million, based on media reports. The recent funding round builds on this prior investment. , Benzinga stated. The chain's expansion follows its origins during the pandemic and subsequent growth in New York City.
Tiger Global Management's Portfolio and Activity Tiger Global Management has backed high-growth technology companies such as Meta Platforms Inc.
, according to Benzinga. Its investments also include OpenAI and Waymo, Benzinga reported. The firm has exited more than 85 companies from its most recent fund, per Benzinga. PopUp Bagels did not immediately respond to Benzinga's requests for comment.
Tiger Global Management did not immediately respond to Benzinga's requests for comment.
Story Timeline
3 events- Late March 2026
Tiger Global Management leads funding round for PopUp Bagels at $300 million valuation
2 sourcesBenzinga · Bloomberg - 2023
Stripes acquires majority stake in PopUp Bagels, valuing it at over $60 million
2 sourcesBenzinga · media reports - 2020
PopUp Bagels founded by Adam Goldberg as a home kitchen experiment in Connecticut during the pandemic
1 sourceBenzinga
Potential Impact
- 01
PopUp Bagels gains capital for U.S. expansion to 300 locations
- 02
Chain's New York City base may drive regional job creation during expansion
- 03
Valuation growth enables further acquisitions or partnerships in food sector
- 04
Five-fold valuation rise in five months could attract more venture funding to similar startups
- 05
Tiger Global's involvement signals investor interest in consumer food brands
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