Investors pump $4.5M into New England pizza chain
New England-based Oath Craft Pizza closed on a $4.5 million Series A investment this week led by Boston-based venture capital firm, Breakaway Ventures. This latest infusion of cash brings the total raised by the four-location chain thus far to about $9 million, according to a news release.
Oath Craft Pizza’s leadership said the chain is ready to begin a growth phase in the Boston metro area, along with expansion in nearby markets like New York and Washington, DC.
"We are excited about the opportunity to create a brand that stands for something and that innovates the world of fast casual, not just pizza, by applying new technologies and embracing smaller footprints than traditional operators," said Oath Chairman and Breakaway Ventures President John Burns, in a news release.
Aside from Breakaway, other co-investors in this week’s round include, Centerplate Board Chairman Joe O’Donnell, New England Development Chairman and CEO Douglass Karp, New England Development Vice Chairman Steven Fischman, and Rue La La and M Gemi founder, Ben Fischman.
Au Bon Pain EVP and COO Len Schlesinger also joined Oath’s board. The Harvard Business School Baker Foundation professor is also COO of Limited Brands and president of Babson College.