Vegan burger chain Plant Power Fast Food just secured a $7 million dollar investment round, allowing the brand to double its locations and open more drive-thrus.
Vegan burger chain Plant Power Fast Food will use the new funding to continue its expansion plans, with several new locations in California and two drive-thru restaurants in Las Vegas.
San Diego-based Plant Power Fast Food has completed its $7.5 million Series A capital raise, led by Helia Capital USA Inc., Eat Beyond Global Holdings and Batta Foods with additional funding from Aileen Getty and individual investors, according to a…
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May 27, 2021
California-based Plant Power Restaurant Group LLC has raised $7.5 million to help its seven-unit fast food brand, Plant Power Fast Food, expand via corporate unit development. We re thrilled to have been able to develop key strategic partnerships that open up a range of new financing opportunities as we continue to execute on our growth strategy, co-founder and co-CEO Zach Vouga said in a company press release.
The Plant Power Restaurant Group also added Sebastien Koechli to its board of directors. Koechli is the director of Mergers & Acquisitions at Fusion Ventures, which led the funding. Sebastien brings an extraordinary level of corporate finance experience to the team, Ed Harm, Plant Power s CFO, said in the release. His strong acumen and ability to provide to counsel is something we really needed as we look ahead and work towards some important milestones.
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SAN DIEGO, May 26, 2021 /PRNewswire/ Plant Power Fast Food has completed its $7.5 million Series A capital raise led by Helia Capital USA, Inc. (a subsidiary of Fusion Ventures), Eat Beyond Global Holdings and Batta Foods with additional funding from Aileen Getty.
Co-founder and co-CEO Zach Vouga said that the funds will be used by the plant-based fast-food restaurant chain to continue to execute its expansion plans with a focus on new corporate unit development. Vouga also spoke about finding the
right investment partners, It s important that the capital comes in tandem with an unwavering belief in our mission to change the world.