Fast-casual Cava Grill has raised $45M in Series B funding to help spur the brand’s growth, the Mediterranean concept’s parent company announced.
This funding will help the 11-unit, Washington, D.C.-based concept enter new markets, advance technology initiatives and invest in its employees, Cava Group said. It’s the second major round of funding received by the chain this year, as it secured $16 million from investors last spring, The Washington Post reports.
"We're thrilled to have the support to help us with significant initiatives in the next year, including enhanced technology for our operations and customer experience, building our team to help execute store growth on two coasts, and a new production facility to support further expansion of our dips and spreads in natural and organic markets," CEO Brett Schulman said in a statement.
A spin-off of the Cava Mezze casual-dining chain, Cava Grill said it seeks to offer a “culinary driven, flavorful and healthful menu” to a broad range of customers.
The concept is slated to open its first of several units in the Los Angeles area later this month.