facebook pixal

Roti secures $23M investment from tech-focused group

The growing Mediterranean fast casual seeks to raise more.

Roti Modern Mediterranean secured $23 million in equity financing, led by the tech-focused firm that has invested in Wao Bao, Eatsa, Fooda and Tesla. 

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.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.


More from our partners