Everbowl, a Carlsbad, CA-based craft superfood chain, secured $3M in funding.
Toronto-based private equity group Serruya Private Equity (SPE) made the investment by way of their wholly owned subsidiary International Franchise Inc. (IFI).
The company will use the funds for its 2019 expansion plans in California, with possible market entry into Arizona, Nevada and other states in the region.
Established in 2016 by CEO Jeff Fenster, Everbowl is a quick-serve restaurant with a focused menu of craft superfood bowls featuring Acai, Pitaya, Graviola and Acerola, from its production facility in Brazil. A range of other superfood smoothies, oats and salads are also offered.
The company currently operates 17 locations in San Diego, Riverside, and Orange County and is slated to open as many as 45 locations by the end of 2019.
Everbowl currently has over 300 employees.