Cava was founded in 2016 by Ike Grigoropoulos, Dmitri Moshovitis, Ted Xenohristos, and Brett Schulman. In February 2023, the company confidentially filed for an IPO. Cava plans to debut on the New York Stock Exchange using the ticker CAV.
Cava is a Mediterranean-style fast food chain. As of April 2023, the company had more than 260 locations across the United States. In 2018, Cava acquired Zoe's Kitchen for $300 million. The company has raised more than $640 million in venture capital funding from investors including T. Rowe Price, Equilibra Partners Management, Lighthouse Investment Partners, and Declaration Partners. Cava was valued at $1.39 billion in April 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/27/2021 | Series F | $212MM | $xx.xx | $1.39B | Declaration Partners, Equilibra Partners Management, Lighthouse Investment Partners, T. Rowe Price Group | |
Price per Share
$xx.xx
Shares Outstanding
16,901,409
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Declaration Partners, Equilibra Partners Management, Lighthouse Investment Partners, T. Rowe Price Group
|
||||||
11/21/2018 | Series E | $465.11MM | $xx.xx | $733.57MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
61,576,716
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/27/2018 | Series D | $33.71MM | $xx.xx | $243.98MM | Revolution, Swan & Legend Venture Partners, The Invus Group | |
Price per Share
$xx.xx
Shares Outstanding
4,463,088
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Revolution, Swan & Legend Venture Partners, The Invus Group
|
||||||
03/27/2017 | Series C | $35.25MM | $xx.xx | $186.93MM | Revolution Growth, Swan & Legend Venture Partners, The Invus Group | |
Price per Share
$xx.xx
Shares Outstanding
5,205,333
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Revolution Growth, Swan & Legend Venture Partners, The Invus Group
|
||||||
09/17/2015 | Series B | $44.25MM | $xx.xx | $126.92MM | Invus, Revolution Growth, Swan & Legend Ventures Partners | |
Price per Share
$xx.xx
Shares Outstanding
7,713,585
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Invus, Revolution Growth, Swan & Legend Ventures Partners
|
||||||
04/01/2015 | Series A | $38.16MM | $xx.xx | $58.71MM | Swan & Legend Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
13,304,238
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Swan & Legend Venture Partners
|