Investment Summary

Revolution Invests In Cava

On April 27, 2021, growth capital firm Revolution invested in restaurant Cava

Investment Highlights
  • This is Revolution’s 2nd transaction in the Restaurants sector.
  • This is Revolution’s 17th transaction in the United States.
  • This is Revolution’s 2nd transaction in District of Columbia.
Investment Fate
  • Cava went public in 2023.

Investment Summary

Date 2021-04-27
Target Cava
Sector Restaurants
Investor(s) Revolution
Deal Type Venture

Target

Cava

Washington, District of Columbia, United States
Cava owns and operator of 60 chef-casual restaurants across 10 states and a successful line of chef-crafted dips and spreads sold in more than 250 Whole Foods Market locations and other speciality grocery stores around the country. Cava was formed in 2006 and is based in Washington DC.

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Investor(S) 1

DESCRIPTION

Revolution Growth is the growth capital investment arm of Revolution, an investment firm that also pursues seed and venture opportunities. Revolution Growth looks to invest $25 to $50 million in US-based companies looking for a partner to help them scale and expand. Revolution Growth is based in Washington DC.


DEAL STATS #
Overall 17 of 19
Sector: Restaurants M&A 2 of 2
Type: Venture M&A Deals 8 of 10
State: District of Columbia M&A 2 of 2
Country: United States M&A 17 of 19
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 Orchard

New York, New York, United States

Orchard is transforming the way people buy their homes. Simplifying it, to the way it should have always been; fair and true to market, straightforward, easy. Traditionally, homeowners looking to purchase their next home face a stressful and uncertain process – they have to either sell their old home first and move twice or buy as a contingent buyer and risk not getting their dream home. Orchard solves this problem by enabling homeowners to buy before they sell. Orchard was founded in 2017 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Sweetgreen

Los Angeles, California, United States

Sweetgreen builds healthier communities by connecting people to real food. Every day, team members create plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing. The company strongly believes in harnessing the power of technology to enhance the customer experience, and leverages its app to create an omnichannel experience to meet its customers where they are. Sweetgreen’s strong food ethos and investment in local communities have enabled them to grow into a national brand with a mission to build healthier communities by connecting people to real food. Sweetgreen was established in 2007 and is based in Los Angeles, California.

Sell -