Scott and Ally Svenson founded MOD Pizza in 2008. Customers may choose their own artisan-style pizzas, which are made to order, and salads. The chain opened 110 stores system-wide in 2017.
|Scott Svenson, CEO of MOD Pizza|
The latest equity funding brings the company’s total equity capital raised to more than $185 million. Existing investors, including PWP Growth Equity and Fidelity Management & Research Co., led the $33 million equity investment. The $40 million credit facility was arranged by Keybanc Capital Markets Inc. and SunTrust Robinson Humphrey Inc. as joint lead arrangers and book runners, and joined by Raymond James.
“As we enter our 10th year and celebrate the opening of our 300th store, we are more energized than ever before about the incredible opportunity in front of us,” said Scott Svenson, CEO.