Doughlicious, the better-for-you frozen novelty brand known for its frozen cookie dough-enrobed gelato bites and clean ingredients, has announced a milestone in its journey: a $5 million fundraise round led by Rich Products Ventures (RPV), the corporate venture capital fund of global, family-owned food company Rich Products. The round also includes investor collective The Angel Group, along with participation from existing investors.

 This fundraise marks a pivotal moment for Doughlicious as it accelerates its expansion across the U.S. and international markets, it says. With a long track record of helping innovative food startups scale, gain a competitive edge, and achieve their full potential, RPV reportedly brings category expertise and global distribution support.. The Angel Group, a network of visionary investors with a passion for disruptive consumer brands, brings strategic counsel, access to influential networks, and a shared commitment to long-term growth.

“This partnership with Rich’s and The Angel Group is more than an investment—it’s a vote of confidence in the future of Doughlicious and our mission to redefine indulgence,” says Kathryn Bricken, founder and CEO of Doughlicious. “With their support, we’re poised to grow faster, innovate smarter, and bring our crave-worthy creations to more consumers around the world.”

Doughlicious already has distribution in major U.S. retailers including Target, Whole Foods, Wegmans, and GoPuff. The brand’s line of frozen gelato bites wrapped in cookie dough and dusted in cookie crumb are gluten-free, made with natural ingredients, and available in both full-size and mini formats.

“Innovation is at the core of both Rich’s and RPV, and we believe in the bold ideas that are shaping the future of food,” says Dinsh Guzdar, managing partner of Rich Products Ventures. "Doughlicious is a great example of a brand that is delivering on what today’s consumers want—smaller portions and clean-label offerings that don’t sacrifice on taste. We’re excited to help Doughlicious expand its footprint throughout the U.S. and shake up the freezer section with a new concept in permissible indulgence.”

Related: Doughlicious launches cookie dough and gelato bites flavor