Portfolio Company News: Veggie Grill
Santa Monica-based Veggie Grill announced that it successfully completed a third round of equity funding, raising $11 million to support the company’s ongoing expansion, the Los Angeles Business Journal reported. Veggie Grill recently partnered with private equity firm Brentwood Associates to raise funds from new and current shareholders, as well as to supply additional funds within 18 months on pre-negotiated terms. Veggie Grill CEO Greg Dollarhyde confirmed the company is on track to double within the next 15 months. The company currently operates seven locations in Southern California.