Punch Bowl Social has announced a $20 million investment via CrowdOut Capital LLC, a web-based platform that allows smaller players to invest in corporate debt. This is the second time that Punch Bowl Social has received investment via CrowdOut.
“CrowdOut has been a great partner and has helped us grow to meet consumer demand for more locations,” Punch Bowl Social chief financial officer and principal Robert Cornog Jr. said in a statement. “CrowdOut provided the flexibility and efficiency we wanted because the CrowdOut loan was structured in a manner that provided the right capital, at the right terms and at the right time,” he added.
Read the full article: Punch Bowl Social names corporate chef as part of expansion plans (Nation’s Restaurant News)