Industry News | June 21, 2016

Venture Fund Heats Up 800 Degrees Pizza

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800 Degrees Pizza, a California-based company with a growing following in Los Angeles, Las Vegas, and abroad, including Dubai and Tokyo, has secured investment from Murfey Ventures, a venture capital fund.

Expansion is on the horizon. Along with the investment, the company has announced Steve Overholt as its CEO and Scott Berkowitz as CDO. With the new executive team in place, 800 Degrees Pizza is now poised to expand operations through area-development agreements, international licensing, and corporate development.

"We are extremely excited to receive this significant investment,” says founder and chef Anthony Carron. “Beyond just growth capital, the addition of strategic resources, including our new CEO and CDO, will position 800 Degrees to continue to be the premium quality player in the fast-casual pizza segment. Our mission is to be the best pizzeria, period, in any neighborhood we call home, and now we have the resources to truly succeed."

Steve Overholt is an innovation-driven hospitality industry expert with more than two decades of executive and management experience with restaurant chains such as Paradise Restaurant Group and Outback Steakhouse. The brand's new CDO, Scott Berkowitz, is a real estate and hotels franchise veteran with more than $300 million in transactional activity and 20 years of expertise across the country.

From its humble beginnings near UCLA in 2011, 800 Degrees Pizza has led the way in the rapidly expanding fast-casual pizza marketplace. Combining Chef Carron's fine dining culinary instincts with Old World Italian tradition and a build-your-own service model, 800 Degrees has changed how pizza is consumed and upended a $38 billion industry.  By continuing to push the boundaries of food quality, design, and hospitality, 800 Degrees has positioned itself as a best-in-class fast-casual pizza brand.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.

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