honeygrow, a Philadelphia, PA-based fast-casual eatery, raised $25m in financing.
A portion amounting to $5m represents sale of interests by certain existing owners.
The round was led by Miller Investment Management with participation from existing investor Brook Lenfest.
The funding will be utilized to expand honeygrow locations, continue the enhancement of technology, and further develop the management team.
Founded in 2012 by Justin Rosenberg, CEO, honeygrow specializes in colorful stir-fries, smoothies, salads and honeybar treats featuring local and seasonal ingredients.
It currently has locations in Philadelphia, Bala Cynwyd, PA, Radnor, PA and Cherry Hill, NJ with additional eateries in Hoboken, NJ, Wilmington, DE, Newark, DE and the University of Pennsylvania campus scheduled to open in 2015.