Chicago-based Valor Equity Partners invested in the fast-casual Mediterranean brand and Valor partner and CFO Jon Shulkin will join Roti's board of directors, the companies announced today.
The investment will go towards national expansion, employee growth and advancing technology to support growth, according to the announcement.
“We are thrilled and honored to have Valor invest in Roti and are excited about the high-growth expertise they bring to the table,” Carl Segal, Roti’s chief executive officer said. “We live in a rapidly changing world where technology is driving much of our daily routines. Having a partner who sees opportunities in bringing advanced digital solutions to deliver a better food experience to our customers anytime, anywhere, anyhow, will help us grow smarter and faster. Their wide experience; from investing and growing Tesla Motors, SolarCity and SpaceX to Fooda, Wao Bao, and Eatsa, make them the perfect partner for us.”
Roti, a growing Chicago-based brand, currently has 34 units, up eight from about a year ago.