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MOD Pizza closes on $40M investment

West Coast fast-casual pizza player plans to expand in Midwest, East Coast

MOD Pizza has closed on a round of financing led by private-equity fund PWP Growth Equity, along with existing shareholders, which is expected to top $40 million, the company said Thursday.

With the deal, MOD has raised more than $70 million in equity, which will help accelerate company-owned restaurant growth for the 32-unit fast-casual chain.

Bellevue, Wash.-based MOD operates in Washington, Oregon, California, Arizona, Colorado and Texas, and plans to double its uni

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