Pincho Factory, a Miami, Fla-based family owned Latin American fast-casual restaurant offering premium hamburgers and grilled kebabs (pinchos), closed a Series A funding round.
The round was led by Ned Scherer. As part of the deal, Pincho has also entered a development agreement with the members of the investment group to open ten new franchised locations in the D.C. market over the next 5 years. The first D.C. location is expected to open by the end of 2018.
Co-founded in 2010 by three cousins Nedal Ahmad, Otto Othman and Nizar Ahmad, now joined by Jayson Tipp, President, Pincho is a fast-casual food chain that serves up pinchos, also known as kebabs, along with hamburgers and a variety of other quality hormone-free food. It currently has 5 company owned and 5 franchised locations throughout South Florida, with plans to expand to 100 locations nationwide over the next 5 years. The company opened its first location in Miami in 2010.