Good Eggs, a grocery delivery startup based out of Greenwich, Connecticut recently raised around $7 million from investors. This financing was done in the form of a distressed round and wiped out all previous investors. The company had been struggling to raise money from venture capitalists and was on the brink of bankruptcy before this new funding came through.
The benchmark-backed Good Eggs is now one of many startups that have gone to extreme lengths to stay afloat during these difficult times for businesses everywhere. It is yet another example that shows how tough it can be for companies trying to survive without enough capital or resources available at their disposal.
This news serves as an important reminder that even though startups are often seen as high-risk investments, they can still offer great rewards when managed properly and given time to develop into successful ventures with long-term sustainability plans in place. With this latest round of financing secured by Good Eggs, it looks like they may finally have found some stability after months spent searching for ways to keep their business alive amidst challenging market conditions.
Read more at The Information
