Franchise News
MOD Pizza Raises $160 Million in Latest Financing Round
The equity injection brings the pizza chain’s total fundraising to $339 million as it prepares to grow to 1,000-plus locations over the next five years.
Seattle-based pizza chain MOD Pizza has taken a huge step toward its goal of reaching 1,000 locations over the next five years thanks to a $160 million cash injection led by private equity firm Clayton, Dubilier & Rice.
According to a Restaurant Business article, this latest funding round comes as the brand posted $398 million in system-wide sales and added 102 new locations in 2018. The additional capital brings MOD Pizza’s fundraising to approximately $339 million. The brand plans to use the additional capital to continue expanding rapidly through the U.S. and internationally.
“Over the past 11 years, we have built MOD upon a conviction that we could build a best-in-class business by putting our people and the communities we serve first,” MOD Pizza co-founder and CEO Scott Svenson said in a statement. “This investment is further validation of our belief that profit and positive social impact can co-exist. We are incredibly energized by the opportunity to work with CD&R to scale the MOD brand, while continuing to build our people-first, purpose-driven culture.”
Read the full story here.
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Madeline Lena
FollowMaddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories.
Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.
