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§ Venture Capital · Washington, DC, USA
Fast-casual restaurant chain and CPG company offering Mediterranean meals, dips, spreads, and dressings for US consumers.
Based in Rockville, Maryland, Cava Group operates a fast-casual restaurant chain specializing in customizable Mediterranean meals and manufactures a complementary line of consumer packaged dips and spreads sold in grocery stores. The company expanded its physical footprint significantly through the $300 million acquisition of competitor Zoës Kitchen in August 2018, subsequently converting those acquired locations to reach a total scale of over 400 restaurants nationwide. Prior to listing its shares publicly on the NYSE in 2023, the enterprise secured more than $640 million in total private capital, including a $190 million Series F funding round led by T. Rowe Price. Following its successful initial public offering, the corporation's overall market valuation surged to reach approximately $15 billion. Cava Group was originally founded in 2006 by co-founders Ike Grigoropoulos, Ted Xenohristos, Dimitri Moshovitis, and Brett Schulman.
Cava Group has raised $265.0M across 3 funding rounds.
Key people at Cava Group.
Cava Group was founded in 2015 by Ted Xenohristos (Founder and Chief Concept Officer) and Brett Schulman (Co-Founder & CEO) and Ike Grigoropoulos (Founder).
Cava Group has raised $265.0M in total across 3 funding rounds.
Cava Group was founded in 2015 by Ted Xenohristos (Founder and Chief Concept Officer) and Brett Schulman (Co-Founder & CEO) and Ike Grigoropoulos (Founder).
Cava Group has raised $265.0M in total across 3 funding rounds.
Cava Group's investors include T. Rowe Price Associates, Declaration Partners, Equilibra Partners Management, Invus, Lighthouse Investment, Mousse Partners, Revolution Growth, SWaN & Legend Venture Partners.
Cava Group has raised $265.0M across 3 funding rounds. Most recently, it raised $190.0M Series F in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 27, 2021 | $190M Series F | T. Rowe Price Associates | Declaration Partners, Equilibra Partners Management, Invus, Lighthouse Investment, Mousse Partners, Revolution Growth, Swan & Legend Venture Partners | Announced |
| Apr 2, 2017 | $30M Series C | — | Invus, Revolution Growth, Swan & Legend Venture Partners | Announced |
| Sep 24, 2015 | $45M Series B | Invus | Revolution Growth, Swan & Legend Venture Partners | Announced |
Key people at Cava Group.
