ImpactAlpha, July 6 — Los Angeles-based fast-casual chain Everytable has raised $25 million to support its growth plan, “which includes opening retail locations that will be managed by franchisee candidates as they go through Everytable University and then eventually go on to own,” Everytable’s Sam Polk said.
Everytable will open up to 25 stores in food deserts in California and New York City this year that will go to candidates in Everytable’s Social Equity Franchise Fund.
In March, Polk told ImpactAlpha the goal is to launch new locations “until there’s tens of thousands of Everytable franchises across the country, with all of them owned and operated by franchisees of color.”
Healthy food
Everytable is the first investment from the Dohmen Company Foundation $60 million Dohmen Impact Investment Fund, which plans to back up to 10 social enterprises expanding access to healthy food.
“We encourage other foundations, socially-conscious businesses and investors to join us in prioritizing investments in healthy food solutions, such as Everytable, to address the growing diet-related disease epidemic,” said Dohmen’s Rachel Roller.
Other investors in Everytable’s Series C round include Creadev and Kaiser Permanente Ventures.
