Froyomind

Red Mango USA has just finished their first round of venture capital funding.  They’ve managed to raise $12 million bucks from a company called CIC Partners and a retail executive with experience leading Blockbuster, Taco Bell, and 7-Eleven.

According to Dan Kim, CEO and President of Red Mango:
“I’m very pleased that John and CIC have partnered with us, and believe Red Mango will benefit significantly from their expertise in brand management and retail operations, and their proven reputation for helping fast-growing businesses achieve greater levels of success.”

This funding should give Red Mango a stronger footprint in the ever competitive frozen yogurt market.  With Pinkberry raising about $27 million dollars from their venture funding rounds.

Does this mean we’ll see Red Mango all over the place? Perhaps.  But as long as they keep the integrity of their high quality froyo the same we won’t complain.

A link to the press release is below:

Earth Times -  Red Mango Receives $12 Million Investment