Veggie Grill, the popular West Coast restaurant concept known for plant-based food, has completed its fourth successful round of equity funding, supporting its continuing rapid expansion. Armed with 16 percent same-store-sales growth, a more than doubling of restaurant locations in the most recent year, and strong investor confidence, the company quickly secured the $20 million common stock funding from both current shareholders and new investors. Chief Energizing Officer Greg Dollarhyde confirmed that the company is on track to double store count again within the next 18 months and notes, “The interest we received from our investors was quite substantial and exciting. This additional capital base will support our aggressive growth plans to meet the increasing consumer demand for delicious, vegetarian food.”
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