Phoebe’s Cupcakes eats up $1.5M from Ascent » VentureBeat
VENTUREBEAT.COM - Ascent Equity Capital has given $1.5 million to launch Phoebe’s Cupcakes, a bakeshop run by Chicagoans Phoebe Walters and Kate McNamara. Why would a firm with a portfolio of banking and legal startups fund a bakeshop? Apparently, general partner Chad Mollman is a huge fan of the duo’s mint chocolate chip cupcakes.Such a fan in fact, that the firm is backing what will eventually become...
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