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Seattle-based pizza chain <a href="https://modpizza.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=mod-pizza-raises-160-million-in-latest-financing-round-2710020" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">MOD Pizza</a> 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 &amp; Rice.

<a href="https://www.restaurantbusinessonline.com/financing/mod-pizza-raises-another-160m?utm_source=1851franchise.com&utm_medium=article&utm_campaign=mod-pizza-raises-160-million-in-latest-financing-round-2710020" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">According to a Restaurant Business article</a>, 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&rsquo;s fundraising to approximately $339 million. The brand plans to use the additional capital to continue expanding rapidly through the U.S. and internationally.

&ldquo;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,&rdquo; MOD Pizza co-founder and CEO Scott Svenson said in a statement. &ldquo;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&amp;R to scale the MOD brand, while continuing to build our people-first, purpose-driven culture.&rdquo;

Read the full story <a href="https://www.restaurantbusinessonline.com/financing/mod-pizza-raises-another-160m?utm_source=1851franchise.com&utm_medium=article&utm_campaign=mod-pizza-raises-160-million-in-latest-financing-round-2710020" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>.

MOD Pizza Raises $160 Million in Latest Financing Round

1851 Franchise

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.

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