News

Cava Grill raises $45M for expansion

Cava Grill, the Washington, D.C.-based Mediterranean restaurant concept and CPG brand, has raised $45 million in Series B funding.

September 25, 2015

Cava Grill, the Washington, D.C.-based Mediterranean restaurant concept and CPG brand, has raised $45 million in Series B funding led by Invus with participation from existing partner Swan & Legend Ventures as well as Revolution Growth, according to a company press release.

The new investment will help fund Cava Grill’s growth including new markets and locations on both the east and west coasts, help technology initiatives and advancements, support community partnerships and enhance team member benefits, said Cava Grill CEO Brett Schulman.

"We’re thrilled to have the support to help us with significant initiatives in the next year, including enhanced technology for our operations and customer experience, building our team to help execute store growth on two coasts, and a new production facility to support further expansion of our dips and spreads in natural and organic markets," Schulman said

Cava Grill has 11 locations in the Washington, D.C. metro area and is set to open the first of several restaurants in the Los Angeles area this month. Its products are sold in over 200 Whole Foods Market locations up and down the east coast, in the Midwest, and soon to arrive in southern California.

"Our mission is to empower entrepreneurs to transform their industries. We’re excited to partner with Cava for the road ahead," said Benjamin Felt, director, Invus.