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MOD Pizza raises $33M in equity funding and closes $40M credit facility

MOD Pizza, the Growing fast-casual chain has raised $33 million in equity funding and closed a $40 million credit facility, the company said Tuesday.

The latest funding round brings the company’s total equity capital to over $185 million. The financing will support growth in 2018, according to a release. MOD Pizza reported systemwide sales of $150 million in 2016, the most recent year the company reported.
“As we enter our 10th year and celebrate the opening of our 300th store, we are more energized than ever before about the incredible opportunity in front of us,” Scott Svenson (left with wife Ally), co-founder and CEO of MOD Pizza, said in a release.

“This funding will allow us to continue to grow our business and spread MODness in 2018 and beyond,” he added.

 

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