Dallas, USA-based chain of coffee shops with the purpose of normalizing Kindness and hiring and mentoring foster youth, La La Land Kind Cafe raised USD 20 million in funding. The round took place on July 5, 2023. John Phelan, former Co-Founder and Chairman Emeritus of MSD Capital, L.P. and Founder of Rugger Management LLC, and Andy Teller, a private investor, led the financing for the firm.
Purpose of financing for La La Land Kind Cafe
La La Land Kind Cafe plans to expand its operations. It also intends to open new locations throughout the United States.
What the company’s official has to add
Francois Reihandi, founder as well as CEO, said, “Kindness first, coffee second is the company’s motto. We are excited to use this investment to continue our mission of making the world a kinder, happier place. We believe that Kindness is the key to a better future, and we are committed to making a difference in the lives of our guests, employees, and communities that we serve.”
He further added, “I believe this is a huge step into our path to bringing a deeper human connection to “strangers.” It’s a long-term life goal for me, and as we are able to get the right backing of people who believe in what we are doing, it’s a special thing to create and run something that physically brings humanity closer together. In hospitality, we are normally the only “strangers” someone speaks to outside close friends or family. This means we physically represent humanity. We’re changing standards by not only creating an environment that brings happiness but interactions that show the power of humans being connected and telling hundreds of thousands of humans a year that we love them. Words that are now not heard often. That’s what is exciting. To expand that power.”
What the investors have to add
Andy Teller further adds, “We are thrilled to partner with John and Andy. Their experience and expertise will be invaluable as we continue to grow our business and positively impact the world. We are excited to invest in La La Land Kind Cafe and its social mission.”
In addition, John Phelan said, “Francois and his team have built an incredible company. We are committed to supporting their growth and helping them achieve their financial and social goals. La La Land Kind Cafe is raising the standard of what we should expect from companies. A business can give back, care about the community, and serve high-quality products while being profitable.”
About the company
Founder and CEO Francois Reihani launched the company in 2019. Since its inception, the company La La Land has opened eleven store locations throughout Texas and California, with the purpose of normalizing Kindness and empowering foster youth aging out of the foster care system. La La Land Kind Cafe provides paid on-the-job and customer service training, mentorship, and assistance with job placement, housing, schooling, and therapy for foster youth.
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