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Financing

Bowl, smoothie chain Everbowl gets $3 million investment

Canadian investment firm Serruya Private Equity is backing the California-based concept.
Photograph courtesy of Everbowl

Everbowl, a 2-year-old San Diego-based chain serving superfood bowls and smoothies said Tuesday it has received a $3 million infusion from Canadian investment firm Serruya Private Equity.

The company said the funds would help it support an “aggressive” expansion this year in its home state.

The investment “will allow us to facilitate our expansion, achieve our long-term business goals, while remaining true to our core vision,” Everbowl Founder and CEO Jeff Fenster said in a statement.

Everbowl was founded in 2016 and has 17 locations. The fast-casual chain offers a menu of bowls featuring acai, pitaya, graviola, and acerola from a production facility in Brazil, along with a selection of fresh fruit and other add-ins. It also offers smoothies and salads.

The company plans to have as many as 45 locations by the end of the year.

Serruya, which has been involved in chains such as Pinkberry, Jamba Juice and Cold Stone Creamery, made the investment through its subsidiary International Franchise Inc.

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