Urbanspace, a New York-based food hall brand, received a $7M credit facility.
Feenix Venture Partners provided the financing.
The company intends to use the faiclity to expand its business reach.
Urbanspace develops immersive public markets which connect consumers with creative local food and retail operators. The company’s portfolio encompasses 7 cities with over 220 kitchens in addition to its outdoor holiday markets. In the last year, Urbanspace has experienced rapid growth with five new food halls in the Midwest and New York, and the first of a new Singapore branded concept, Urban Hawker, near Rockefeller Center. In 2023, the company is slated to expand into four new metropolitan markets on the East Coast and Los Angeles.