TL;DR
Honeygrow, a Philadelphia-based restaurant concept, has raised $18 million in Series E funding to expand its offerings. The brand will use the funding to expand in current markets and upgrade its technology and training programs.
The restaurant concept born in Philadelphia, Honeygrow, will be able to keep growing now that is has raised new funding. According to a recent Fast Casual article, the company raised $18 million in Series E funding for the customizable stir-frys, salads and cold pressed juices restaurant concept. The brand will now be able to expand in current markets as well as expanding its minigrow concept, a streamlined version of the brand, including locations in NYC, D.C., Boston and Chicago.
"I am extraordinarily grateful to continue to partner with an amazing investment team and for the first time, members of our excellent executive team, all who share one vision: To create and execute a sustainable brand, distinct from all else out there," said CEO Justin Rosenberg.
Since its start in 2012, the chain has opened 20 locations on the East Coast and Chicago. Funding will also be used for upgrading the company’s technology and on-boarding and training program.
In this story
This story was originally published in 1851 Franchise on December 11, 2017. Burnaze summarizes and links to the original reporting.
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