Sprinkles Cupcakes
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Sprinkles Cupcakes - overview
Established
2005
Location
Beverly Hills, CA, US
Primary Industry
Food
About
Sprinkles Cupcakes specializes in gourmet baked goods, primarily renowned for their signature cupcakes, cookies, and brownies, alongside unique offerings such as dog treats, blending innovation with quality across their product range. Sprinkles Cupcakes was founded in 2005 in Beverly Hills, US, by Daniel Brun-Elgaard, Jason Santos, Mariam Ghaly, and Rajendra Goka. The company has made significant strides since its inception, including the introduction of ATM cupcake dispensers to enhance customer accessibility. In January 2013, KarpReilly invested in Sprinkles Cupcakes, although financial terms were not disclosed.
Sprinkles Cupcakes, Inc. offers a diverse range of baked goods, focusing on gourmet cupcakes, personal layer cakes, cookies, brownies, and specialty items like "Pupcakes" for dogs. Their offerings include iconic flavors and seasonal specialties to cater to varied customer preferences. The company innovatively enhances customer experience with ATM cupcake dispensers.
Products are available for local pickup at various U. S. bakery locations and can also be shipped nationally. The target customers include individuals celebrating personal occasions, corporate clients seeking event catering, and pet owners.
Sprinkles Cupcakes generates revenue through direct-to-consumer sales at its bakery locations and via an online ordering platform. Customers can choose from a variety of baked goods for national shipping. The company employs a points-based loyalty program, Sprinkles Perks, which incentivizes repeat purchases and promotes customer engagement. The transaction structure is primarily B2C, where customers purchase individual items or bulk orders for events.
Pricing strategies are designed to attract a broad market, encouraging both impulse buys and planned purchases for special occasions. Sprinkles Cupcakes aims to expand its product line by introducing new gourmet flavors and seasonal offerings. The company is targeting growth in metropolitan markets across the U. S.
by enhancing its online presence and opening additional locations by late 2023. The funding received from the January 2013 investment will support these growth initiatives and assist in improving operational capabilities to meet increasing customer demand.
Current Investors
KarpReilly
Primary Industry
Food
Sub Industries
Bakery Products
Website
www.sprinkles.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Sprinkles Cupcakes - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Sprinkles Cupcakes | - |
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