Wednesday, March 16, 2016

MOD Pizza Dishes Up $32M Funding

Seattle-based fast casual pizza chain MOD Pizza has raised $32M in funding, the company said this morning, from private equity investor PWP Growth Equity. PWP, which is managed by Perella Weinberg Partners, is an existing investor in the company. MOD Pizza, led by Scott Svenson, currently has 110 locations. The company said the round will go to fund ongoing growth, and plans to double its stores in 2016. MOD currently has stores in 16 states. The company recently appointed a Chief Technology Officer, Carole McCluskey, who was the former CIO and CTO of Outerwall. More information »