Mod Pizza Raises $73M in Funding

Mod Pizza, a Seattle, WA-based fast casual pizza chain, raised $73m in funding.

This included $33m in equity and a $40m credit facility.

PWP Growth Equity and Fidelity Management & Research Company were among the investors that participated in the equity round, which brought total equity capital raised to date to more than $185m, while Keybanc Capital Markets, SunTrust Robinson Humphrey and Raymond James provided the debt financing.

The company intends to use the funds to continue to grow in 2018, bolster its presence in its existing markets across the U.S. and U.K.

Founded in 2008 by Scott Svenson and Ally Svensonand, Mod Pizza makes individual artisan-style pizzas on demand, allowing customers to create their own pizzas and salads, using fresh-pressed dough, sauces and over 30 toppings. It currently has more than 300 locations system-wide across 27 states and the United Kingdom.



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