Pink Dot Gets $20 Million More for Expansion Plans

Camarillo-based Pink Dot announced that it has received an additional $20 million in growth capital for a total of $32 million to fund the company’s expansion plans.

Investors in the grocery and prepared food delivery service include William Blair Capital Partners, GE Capital Group, St. Paul Venture Capital, Brand Equity Ventures, Graystone Venture Partners, and Corber Corp.

“We are extremely excited about the direction Pink Dot is taking,” said Ian Larkin, managing director of William Blair Capital Partners. “The company has a proven concept, strong customer loyalty and has managed to keep pace with the technological advances in its business category. With sufficient resources, Pink Dot can maintain its position as an innovator.”

Customers do not shop at Pink Dot locations, but rather place orders via telephone or on the company’s Web site, https://www.pinkdot.com. The company delivers many products, including groceries, produce, baked goods, made-to-order salads and sandwiches, drugstore supplies and beverages.

Pink Dot currently has 10 distribution centers around Southern California and the company is planning to commence a national roll-out in the new year.