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MOD Pizza Raises $33M in Equity Capital and Closes $40M Credit Facility
New Capital to Support Continued Rapid Growth Beyond 300 Stores
MOD Super Fast Pizza Holdings, LLC (“MOD Pizza”, “MOD” or the “Company”), a pioneer of fast casual pizza, today announced that it has raised $33 million of additional equity and closed a new $40 million credit facility. The latest equity funding brings the company’s total equity capital raised to date to more than $185 million. These financings are expected to support MOD’s continued rapid growth in 2018, bolstering its presence in its existing markets across the U.S. and U.K. With the recent opening of its 300th system-wide[1] location, MOD continues to lead the fast casual pizza segment.
