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The Savory Fund, which formed before the pandemic, has raised more than $90 million in funding to invest in emerging ”high potential” concepts with three to seven units.

Growth fund Mercato Partners launches $90 million Savory Fund to develop emerging fast-casual brands

Managing director Andrew Smith, former CEO of Four Foods Group, said Savory is filling a gap in private equity investment

Over 12 years at Four Foods Group, Andrew Smith built an empire of food and beverage brands that generated about a billion dollars in sales at 170 restaurant locations across the country.

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