MOD Super Fast Pizza Raises $42M in Equity Funding

modMOD Super Fast Pizza Holdings, LLC, a Seattle, WA-based fast-casual pizza chain, raised an additional $42m in equity funding.

The round was led by Fidelity Management & Research Company and PWP Growth Equity.

The company, which has raised just under $150m in total, intends to use the capital to expand within existing markets while also introducing the concept to new markets in the U.S. including Florida, Alabama, Georgia and Utah, while also expanding its presence in the U.K.

Founded in Seattle in 2008 by entrepreneurs Scott and Ally Svenson, MOD Pizza operates stores offering artisan-style pizzas and salads made on demand, with customers choosing any combination of over 30 toppings, for one set price. The company currently operates 177 locations in 19 states including Arizona, California, Colorado, Idaho, Illinois, Kentucky, Maryland, Michigan, Missouri, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington and Wisconsin.



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