Last deal

$20M

Amount

Debt Financing

Stage

29.03.2018

Date

3

all rounds

$20M

Total amount

date founded

Financing round

General

About Company
Tropical Smoothie Cafe is a franchise that specializes in serving fresh food and smoothies made from high-quality ingredients.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1997

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Founded in 1993 in Florida, Tropical Smoothie Cafe started by selling fresh fruit smoothies on the beach and later expanded to offer a variety of wholesome food options. They now have over 1,000 franchise locations across 45 states. The company's mission is to inspire a healthier lifestyle by serving delicious food and smoothies with a tropical twist. They prioritize using simple and superior ingredients, including real fruits and vegetables, to create bold and flavorful smoothies. In addition to their menu, Tropical Smoothie Cafe also hosts an annual fundraising event called National Flip Flop Day to support children with life-threatening illnesses and their families.
Contacts

Contact Email

Phone number

Social url

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M&A Details
2

Acquired by

Blackstone Group

announced date

24.04.2024

Financials

Funding Rounds
3
3

Number of Funding Rounds

$20M

Money Raised

Their latest funding was raised on 29.03.2018. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 
29.03.2018
$20M
03.11.2014
1
01.01.2012
1
Co-Investors
Investors
2
0

Number of lead investors

2

Number of investors

Investor 
Lead 
Round 
Partners 
No
Seed
No
Seed
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Sector

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Subsector

Professional Business Support Services

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Location

Atlanta, GA, USA

count Of Investments

69

count Of Exists

14
Joey Katzen

Joey Katzen

Joey Katzen is an entrepreneur and attorney whose expertise has been instrumental in the founding, growth, and exit of multiple Inc-500 companies. He is a volunteer Lead Mentor at Hawaii-based Blue Startups and a Selection Committee member of Honolulu-based Hawaii Angels. A storyteller by trade, he now spends much of his time helping entrepreneurs distill new or difficult concepts into readily accessible verbal and visual stories that others can’t say no to. Whether for a fundraising deck, a sales pitch, or product and onboarding conceptualization, Joey's process is aided by his varied background in angel investing, law, marketing, product development, engineering, and visual design. While earning his law degree at the University of Virginia, Joey was a member of the founding team of Atlanta-based Vendormate, a healthcare compliance platform later acquired by Cleveland-based Primus Capital and then Louisville-based GHX, Inc. He went on to serve as interim CEO of DC-based Roomtag, a commercial leasing and space-optimization tech suite later acquired by Austin-based Asure Software. Later, he cofounded Atlanta-based KidsLink, a child-management app for parents. His first claims to fame came while attending Georgia Tech in the 2000s when he founded--and promoted with early gonzo marketing--the university-oriented web portal Walksideways.com, visited weekly by a third of the Georgia Tech student body, and developed the Retail Alphabet Game, an early Internet branding puzzle which appeared in the New York Times, National Post, Detroit Free Press, and Christian Science Monitor. Let's build some FOMO.

count Of Investments

9

count Of Exists

3

People

Founders
3

Eric Jenrich

organization founded

1

Eric Jenrich

Delora Jenrich

organization founded

1

Delora Jenrich

David Walker

organization founded

1

David Walker

Employee Profiles
164

Chris Sasser

Vice president of finance and analytics

Kaitlin Stoehr

Manager, national calendar and activation

Jason Mize

Franchise business consultant

Tricia Kilian

General manager

Erin Blackburn-Smith

Analytics manager

Alice Crowder

Vice president, menu strategy and innovation

Kenna Kolb

Senior instructional design manager

Brian Blosser

Vice president of design and construction

Activity

Recent News
9
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week