What is MOD PIZZA?
MOD Pizza operates as a prominent player in the fast-casual dining market, distinguishing itself through a people-first corporate philosophy. Unlike traditional quick-service models, the company emphasizes the provision of living wages and robust employee development programs. This social-impact-driven approach is integrated into a high-velocity service model that allows for rapid customization of pizza offerings. The company's market position is defined by its ability to balance high-volume operational efficiency with a commitment to corporate social responsibility, a strategy that has attracted significant interest from institutional investors and private equity firms over the past decade.
How much funding has MOD PIZZA raised?
MOD PIZZA has raised a total of $440M across 10 funding rounds:
Unspecified
$15M
Private Equity
$40M
Private Equity
$32M
Private Equity
$42M
Debt
$40M
Private Equity
$33M
Private Equity
$160M
Debt
$5M
Debt
$40M
Private Equity
$33M
Unspecified (2014): $15M with participation from Madrona Ventures, Frazier Healthcare Ventures, and Century Capital
Private Equity (2015): $40M led by PWP Growth Equity
Private Equity (2016): $32M supported by Perella Weinberg Partners
Private Equity (2016): $42M featuring Fidelity and PWP Growth Equity
Debt (2018): $40M backed by SunTrust Robinson Humphrey Inc, Raymond James, and Keybanc Capital Markets
Private Equity (2018): $33M with participation from PWP Growth Equity and Fidelity Management & Research Company
Private Equity (2019): $160M led by Fidelity Management & Research Company and Clayton, Dubilier & Rice
Debt (2020): $5M supported by PPP
Private Equity (2025): $33M featuring Fidelity Management Services and PWP Growth Equity
Debt (2025): $40M backed by SunTrust Robinson Humphrey and KeyBanc Capital Markets
Key Investors in MOD PIZZA
PWP Growth Equity
Perella Weinberg Partners is a leading global independent advisory firm, providing strategic and financial advice to a broad client base, including corporations, institutions, governments, sovereign wealth funds, and the financial sponsor community.
Fidelity Management & Research Company
Fidelity Investments is a financial services company that provides a broad range of investment, wealth management, retirement planning, brokerage, and advisory solutions for individual investors, businesses, employers, and institutions.
Clayton, Dubilier & Rice
At CD&R, we work with exceptional management teams with the goal of building great businesses that generate long-term value.
What's next for MOD PIZZA?
Looking ahead, the infusion of $33M provides the necessary runway for MOD Pizza to optimize its capital structure and pursue strategic initiatives. Given the company's history of utilizing both equity and debt, the current funding context suggests a focus on stabilizing operations and potentially refining its market presence in key regions. As the firm moves into its next phase of development, the emphasis will likely remain on balancing the demands of its institutional partners with the core mission of maintaining a sustainable, employee-centric business model in the evolving fast-casual landscape.
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