Plant-Based Fast Food Chain Completes $7.5M Series A Raise
Plant Power Fast Food Executes on Growth Plan with Funding and Expanded Board SAN DIEGO, CA – May 26, 2021 – Plant Power Restaurant Group, LLC., dba…
Plant Power Fast Food Executes on Growth Plan with Funding and Expanded Board
SAN DIEGO, CA – May 26, 2021 – Plant Power Restaurant Group, LLC., dba Plant Power Fast Food, has completed its $7.5 million Series A capital raise led by Helia Capital USA, Inc. (a subsidiary of Fusion Ventures), Eat Beyond Global Holdings and Batta Foods with additional funding from Aileen Getty as well as individual investors.
Co-founder and co-CEO Zach Vouga said that the funds will be used by the plant-based fast-food restaurant chain to continue to execute its expansion plans with a focus on new corporate unit development. Vouga also spoke about the importance of finding the right investment partners, “It’s important that the capital comes in tandem with an unwavering belief in our mission to change the world.” He further adds, “We’re thrilled to have been able to develop key strategic partnerships that open up a range of new financing opportunities as we continue to execute on our growth strategy.”
The Plant Power Restaurant Group also announced the addition of Sebastien Koechli to its Board of Directors. Mr. Koechli is the Director of Mergers & Acquisitions at Fusion Ventures and has over 15 years’ experience in private equity investing, M&A, and business finance internationally across a broad range of industries.
Plant Power Restaurant Group Chief Financial Officer Ed Har shared that “Sebastien brings an extraordinary level of corporate finance experience to the team. His strong acumen and ability to provide to counsel is something we really needed as we look ahead and work towards some important milestones.”
PLANT POWER FAST FOOD GROWTH STATS
- Seven locations open as of May 2021
- Eight new store openings that include Sacramento, Hollywood, Las Vegas and in the North Torrey Pines Living and Learning Neighborhood on the campus of the University of California in San Diego
- The Plant Power Restaurant Group reported year over year (YoY) enterprise-wide retail net sales growth of over 50% (2019 to 2020)
Fusion Ventures Chief Executive Officer Lee Piccoli states, “At Fusion Ventures, our mission is to invest in purpose driven companies that are a rare combination of pure passion and operational excellence, which is the core of any truly great enterprise.” Discussing what makes the brand so distinctive, Piccoli explains, “Plant Power Fast Food has not only built something unique and scalable, but their brand has captured the hearts of aspirational consumers whose needs are evolving.”
ABOUT PLANT POWER FAST FOOD
Headquartered in San Diego, California, The Plant Power Restaurant Group, LLC parent company of Plant Power Fast Food) is a privately held company with a goal of driving a convenient, sustainable and healthier option without sacrificing taste and satisfaction. The company was founded by Mitch Wallis, Zach Vouga and Jeffrey Harris and there are currently seven operating locations in California. Visit plantpowerfastfood.com for locations, hours and menu items. @plantpowerfastfood
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