There were at least 19 major investments in small chains with 20 or fewer units in 2016, based on a Nation’s Restaurant News census of early stage investments in restaurant chains.
Our list is based on public announcements and information from private sources. It does not include additional rounds of investment. Nor does it include debt-financing deals, and likely undercounts venture capital deals and private investments.
Read more about this list: Investment tracker: Early-stage restaurant financing surges