The Real Deal New York

Dig Inn pulls in $15M in funding round, eyes Brooklyn expansion

The farm-to-table lunch spot has 10 locations in the city but aims to open stores elsewhere
January 20, 2015 11:00AM

Dig Inn, the popular Manhattan lunch spot with a seasonally rotating menu of farm-to-table goodies, may soon be expanding to Brooklyn and other locations after a recent funding round raised $15 million.

The Series C funding was led by Wexford Capital and and included Monogram Capital Partners, Michael Marks of Riverwood Capital and Magnus Hoglund of Law360, Crain’s reported. The infusion of cash follows two previous rounds in which the 10-branch restaurant chain garnered $6.5 million.

Adam Eskin, Dig Inn’s founder and CEO, has an eleventh location planned for West 23rd Street and says he is planning possible expansions into Brooklyn, Westchester County, and Connecticut. Eskin is looking at opening five locations in 2015, up from four added last year.

“We expect to be moving outside New York,” Eskin told Crain’s, also noting that Dig Inn will use  the new funds to add employees to its current 450.

Dig Inn Is Based On West 27th Street. In 2013, it signed a lease for a location at Brookfield Place in the Financial District. [Crain’s] — Tess Hofmann