$EATS portfolio company, “The Plant Power Restaurant Group”, recently secured $7.5 M in series A financing. Plant Power offers a healthy, plant based menu with quick service and biodegradable packaging.
Plant power is the first Quick service restaurant to be added to the EATS portfolio..off to a good start as this is said to be the largest financing round ever for a plant-based fast-food chain.
Plant Power will use this capital to expand further into 7 new US locations including Hollywood and Las Vegas.
Plant Power has eight existing locations.
net sales growth eclipsed 50% in 2020.
The Quick Service Restaurant market sector is expected to grow by 4.6% CAGR annually
approaching a $1 Trillion value ($931 billion) by 2027
EATS up 9.5% @$1.15, market cap 36.84