Oath pledges growth and good farm practices

June 14, 2017

Oath Craft Pizza said it's raised $7 million in a series B funding round led by Boston-based venture capital firm Breakaway Venture, bringing the total raised by the brand since its 2015 start to about $16 million, a news release said. 

The money comes at a good time, as the brand is expanding along the East Coast this year and opening its first restaurant outside Boston, this one in Metro D.C.'s Mosaic District in Fairfax County, Virginia. Meanwhle, back in Beantown, the Central Square neighborhood in Cambridge will see the chain's sixth location open later this summer, while this fall, the Fenway neighborhood gets a location, just about the time the new Skanska USA's residential tower opens with 212 apartments and ground-floor retail space. 

Oath chose those locations to give residents there more healthful food options, but the company also will continue growth outside Boston along the East Coast, while also moving into bigger office digs in August in Boston's City Hall Plaza.

Meanwhile, on the brand's menu front, a news release said Oath Craft Pizza received Humane Farm Animal Care's first Certified Humane approval for a pizza brand. The status guarantees that Oath's pizza toppings come from farms that practice ethical and humane animal treatment.

"When you think ethically-sourced food, you may not always think pizza, but that's something we are changing," Oath CEO Patrik Hellstrand said in a news release. "We're sourcing ingredients free from chemical additives, hormones and antibiotics because we're committed to doing the right thing for our guests and the food system."
 


Topics: Business Strategy and Profitability, Franchising & Growth, Health & Nutrition, Sustainability


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