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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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 4/27/2021 | Series F | $212MM raised | $XXX.XX | $XXX.XX |
| 11/21/2018 | Series E | $465.11MM raised | $XXX.XX | $XXX.XX |
| 4/27/2018 | Series D | $33.71MM raised | $XXX.XX | $XXX.XX |
| 3/27/2017 | Series C | $35.25MM raised | $XXX.XX | $XXX.XX |
| 9/17/2015 | Series B | $44.25MM raised | $XXX.XX | $XXX.XX |
| 4/1/2015 | Series A | $38.16MM raised | $XXX.XX | $XXX.XX |
