A fresh baked cookie startup in Austin is attracting a lot of dough.
Tiff’s Treats, launched by a couple of graduates from the University of Texas at Austin, just closed on $11 million in funding.
Dallas-based CIC Partners led the round. Tiff’s Treats with 22 stores in Texas and two stores in Atlanta plans to use the funds to open more locations nationwide. Last year, the company raised $14 million.
In 1999, Tiffany and Leon Chen founded Tiff’s Treats 16 years ago while students at the University of Texas at Austin.
The company is known for baked-to-order cookies and brownies delivered warm to a house or office in about an hour.
To date, Tiff’s Treats has raised $32.9 million, according to its Crunchbase profile.
“Tiff’s Treats is adored by everyone that knows it, and that doesn’t happen by chance,” Mike Rawlings, partner at CIC Partners, former CEO of Pizza Hut and current Mayor of Dallas, said in a news release. “From my days at Pizza Hut, I can appreciate the immense complexity of the delivery business, and the Tiff’s Treats team makes the customer experience seamless. At CIC Partners, our goal is to partner with top management teams, and this team fits the bill.”
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