Organic To Go receives equity commitment

Organic To Go receives equity commitment
Tags: Food & Beverage, Operations Management
June 26, 2007

SEATTLE — Fast casual organic restaurant Organic To Go has received a $6.35 million equity commitment from institutional investors to help fund expansion for the company.

Organic To Go, which posted a 61 percent growth rate in 2006, will utilize the new capital to pursue entry into a new market as well as to expand existing corporate catering services, new retail cafés and outlets. The next two cafés are expected to open in July in Woodland Hills, Calif., making for a total of 10 Organic To Go cafés in Southern California.

Organic To Go operates more than 50 grab-and-go outlets and 14 total retail cafés in Seattle, Los Angeles and Orange County, Calif.