Veggie Grill raises $11 million for expansion after partnering with Brentwood Associates
Santa Monica-based Veggie Grill announced that it successfully completed a third round of equity funding, raising $11 million to support the company’s ongoing expansion. Veggie Grill recently partnered with private equity firm Brentwood Associates to raise funds from new and current shareholders, as well as to supply additional funds within 18 months on pre-negotiated terms, the Los Angeles Business Journal reported.
Veggie Grill CEO Greg Dollarhyde confirmed the company is on track to double within the next 15 months. The company currently operates seven locations in Southern California.
This entry was written by Ashton Uytengsu, posted on October 11, 2011 at 6:03 pm.
Tagged with: Brentwood Associates • Greg Dollarhyde • labj • los angeles business journal • private equity • Veggie Grill