Green Zebra emphatically closes funding round ... and then some
By Andy Giegerich
Sustainable Business Oregon editor
Lisa Sedlar closed Green Zebra's $2 million funding round and picked up another $885,000, from the Oregon Angel Fund, to boot.
Investors — including Oregon's preeminent angel funders — have put at least the first infusion of “green” into the convenience store Green Zebra's startup coffers.
Green Zebra Grocery LLC completed the second part of a $2 million funding round that will help Lisa Sedlar’s enterprise open stores in the Kenton, Woodstock and Mt. Tabor areas. Sedlar is the former New Seasons CEO who’s opening stores that’ll serve as healthy convenience outlets.
There's more good news for Sedlar: The venture also nabbed $885,000 from the Oregon Angel Fund.
"We're their first bricks-and-mortar retail investment," Sedlar said. "It's a huge honor."
Plus, Green Zebra is opening another round to accommodate the OAF investment.
Sedlar plans to put $1 million into the Kenton store and has said she wants to raise several more million to fund other locations.
The round's second part arrived some four months after the first $1.1 million arrived, according to Securities and Exchange Commission documents.
Green Zebra sought minimum investments of $25,000 during the second part of the round. The company had $100,000 during the first part of the round.
The Sept. 13 filing — first reported in a tweet by Silicon Florist’s Rick Turoczy — closed with the help of Circle Up as well as "additional friends and family who believe the time is ripe for this concept," Sedlar said. The SEC filing listed Brad Zenger and Syd Hannigan as Green Zebra directors.
The Kenton store is set to open on Oct. 8, nearly two weeks after the planned opening date. The schedule was bumped because of permitting delays.
Green Zebra has so far hired 45 staffers for the operation.
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