Next Level Burger, a Bend, OR-based plant-based burger joint chain, raised $20M in funding.
Lead investors include a strategic organic and natural foods partner, private high-net-worth, mission driven shareholders, as well as early stage vegan investor couple Alex Payne, formerly of Twitter and Simple Bank, and Nicole Brodeur as minority stakeholders.
The company intends to use the funds to support execution of its national expansion plans, which consists of quadrupling its current store count nationwide by the end of 2025, and accelerate the brand’s long-term goal of opening 1,000 units.
Led by CEO Matthew de Gruyter, Next Level Burger is a 100% Plant-Based Burger Joint, offering burgers, chik’n, fries and shakes. The company currently operates locations in Oregon, Washington, California, Colorado, Texas and New York, operates six locations inside select Whole Foods Market. Next Level Burger mostly recently opened a stand-alone flagship restaurant in the Denver, CO market with additional location announcements coming soon.
FinSMEs
14/09/2022