Gopuff raises another $1B to fuel rapid growth

The company, which is now valued at $15 billion, will use the funding to expand to new locations and offer fresh meal delivery through Gopuff Kitchens.

By Jeff Wells • Aug. 2, 2021

California Pizza Kitchen mulling sale or IPO, Bloomberg reports

The casual chain's annualized earnings for June are expected to be more than $10 million higher than they were before the pandemic, per Bloomberg.

By Alicia Kelso • July 26, 2021

Explore the Trendline➔

Restaurant Financing

With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses. 

By Restaurant Dive staff

P.F. Chang's considering IPO, Bloomberg reports

The full-service chain could file to go public as early as this year and potentially have a valuation of at least $1 billion, the outlet said.

By Julie Littman • July 23, 2021

Chipotle's digital sales rose 10.5% during Q2

CEO Brian Niccol said he expects the company's returns to continue to improve as it accelerates its order and pay ahead model, Chipotlanes, which open with 20% higher sales compared to traditional stores.

By Alicia Kelso , Julie Littman • July 21, 2021

Restaurant supply chain startup Choco secures $100M in funding

The company, which reported transaction volume quadrupling in the past year, will use the cash infusion to deploy new payment tools and expand in its existing markets.

By Alicia Kelso • July 20, 2021

Portillo's targets $100M IPO

The chain boasted strong restaurant-level sales, reaching $7.9 million average unit volumes in the 12 months ending June 27 compared to $7.7 million in 2020, according to its S-1 document filed Monday. 

By Emma Liem Beckett • Updated Sept. 27, 2021

Host kitchen and software startup Acelerate secures $14.4M in funding

The company licenses seven proprietary brands to existing restaurants and works with operators to bring their menus to other restaurant partners.

By Alicia Kelso , Emma Liem Beckett • July 15, 2021

Krispy Kreme prices IPO at $17, far below original plans

The doughnut chain had planned for a range of $21 to $24 per share, but the depressed price could hint at lukewarm investor interest.

By Emma Liem Beckett • July 1, 2021

Local Kitchens raises $25M, eyes market expansion

The digital food hall provider will use the funding to grow further into new California markets, as well as other regions. 

By Julie Littman • June 29, 2021

Dutch Bros IPO prices above forecast for $3.8B valuation

The coffee chain will go public on the New York Stock Exchange Wednesday and raised the price of its shares to $23 each, an increase from its previously announced pricing of $18 to $20 per share.

By Alicia Kelso • Updated Sept. 15, 2021

Danny Meyer's equity group invests $21.5M in 7shifts' labor technology

7shifts will use the funding to scale its team and expand its product offerings, including scheduling and employee communication platforms.

By Alicia Kelso • May 26, 2021

Ghost kitchen provider JustKitchen to raise $20M as it plots US expansion

The company will enter Seattle and several California cities as part of its international growth plan, and will use the funds to develop software and build more spoke kitchens.   

By Julie Littman • Updated June 9, 2021

Goldbelly snags $100M after seeing 300% growth in 2020

The novelty food delivery service will put this capital infusion toward scaling its technology and operations and accelerating the onboarding of new chefs and restaurants. 

By Emma Liem Beckett • May 19, 2021

DoorDash boosts revenue nearly 200% despite driver shortage

The company worked to improve its network efficiency, expanded its marketing to gain more drivers and improved conversion rates to help overcome the impacts of a delivery courier shortage. 

By Julie Littman • May 14, 2021

Sweetgreen files for IPO

The news comes on the heels of a $156 million cash infusion led by Lone Pine Capital in January, as well as the chain's plans to pilot a drive-thru this year and invest in suburban expansion.

By Emma Liem Beckett • Updated June 21, 2021

Krispy Kreme files for $100M IPO

The company shared in a Form S-1 document Tuesday that it will use the money to pay off outstanding debt. 

By Julie Littman • Updated June 1, 2021

Cava will use $190M funding to continue investing in AI-driven personalization, CEO says

The chain also recently began testing near-field communication technology so diners can "pay in store and apply loyalty with one action," Brett Schulman wrote in an email.

By Emma Liem Beckett • April 30, 2021

Deliverect lands another $65M in funding, 1 year after raising $18M

The tech company will use the cash infusion to support further R&D, solidify its position in the U.S. and continue its international expansion.

By Alicia Kelso • April 21, 2021

Squarespace files to go public through a direct listing

The website-building platform, which has over 3 million subscribers including restaurants, makes the move weeks after completing its acquisition of reservation system Tock. 

By Julie Littman • April 19, 2021

Slice secures $40M in additional funding

The company plans to expand its vertical platform for its 15,000-plus pizzeria partners, add new products and scale its Slice Accelerates program, which provides $15,000 worth of tech assistance. 

By Julie Littman • April 14, 2021

Par Technology expands into loyalty with $500M Punchh acquisition

The addition of the loyalty and guest engagement firm will help Par create an all-in-one cloud platform for its 100,000-plus global restaurant clients.

By Julie Littman • April 9, 2021

Chipotle invests in self-driving delivery company Nuro

This marks the first time the fast casual chain has significantly funded a third-party technology company since 2018 and follows recent tech acquisitions by McDonald's and Yum Brands.

By Julie Littman • March 25, 2021

What Olo's $450M IPO means for the restaurant industry

Founder and CEO Noah Glass talks about how he wants to expand Olo's digital ordering capabilities with an influx of capital after shares rose 39% during day one of trading.

By Julie Littman • March 19, 2021

Torchy's Tacos eyeing IPO, Bloomberg reports

The fast casual chain, which added 12 new units in 2020, could raise $300 million and debut with a $1 billion valuation, per the publication. 

By Julie Littman • March 15, 2021

Shake Shack borrows $225M to support expansion plans

The funding will be used to aid opening additional units, new store formats and drive-thrus, as well as improvements to the digital guest experience and further investments in talent development. 

By Julie Littman • March 2, 2021