Sectors · Consumer & Retail

Restaurants

Private financing across Restaurants, aggregated from public sources.

Restaurants is a subsector of Consumer & Retail. Zoom out to read the whole macro sector $96.3B raised across 8,513 companies.

$12.5B
Capital raised
2,292
Companies
2,535
Rounds
2003
First on record
2026-03-14
Latest round

Cooling Restaurants drew $639.7M over the last 12 months, down 66% versus the prior 12 ($1.9B). Of 2,254 companies rankable against same-niche peers, 24% model over-valued and 30% under-valued.

Capital flow over time

Quarterly capital raised across Restaurants.

2008-Q1 · $1.5M2008-Q12008-Q2 · $3.1M2008-Q3 · $17.0M2008-Q4 · $10.7M2009-Q1 · $37.3M2009-Q2 · $125.0M2009-Q3 · $76.7M2009-Q4 · $52.6M2009-Q42010-Q1 · $31.8M2010-Q2 · $290.2M2010-Q3 · $144.7M2010-Q4 · $126.6M2011-Q1 · $55.8M2011-Q2 · $293.6M2011-Q3 · $96.5M2011-Q32011-Q4 · $58.2M2012-Q1 · $104.0M2012-Q2 · $79.5M2012-Q3 · $122.4M2012-Q4 · $122.2M2013-Q1 · $26.0M2013-Q2 · $233.2M2013-Q22013-Q3 · $72.0M2013-Q4 · $217.2M2014-Q1 · $64.9M2014-Q2 · $74.1M2014-Q3 · $125.8M2014-Q4 · $149.1M2015-Q1 · $260.7M2015-Q12015-Q2 · $369.5M2015-Q3 · $133.0M2015-Q4 · $124.8M2016-Q1 · $164.9M2016-Q2 · $108.4M2016-Q3 · $209.5M2016-Q4 · $177.9M2016-Q42017-Q1 · $237.0M2017-Q2 · $198.1M2017-Q3 · $260.2M2017-Q4 · $271.9M2018-Q1 · $123.7M2018-Q2 · $375.9M2018-Q3 · $178.7M2018-Q32018-Q4 · $302.7M2019-Q1 · $261.8M2019-Q2 · $55.3M2019-Q3 · $194.2M2019-Q4 · $105.9M2020-Q1 · $125.2M2020-Q2 · $13.8M2020-Q22020-Q3 · $90.7M2020-Q4 · $85.2M2021-Q1 · $111.7M2021-Q2 · $130.0M2021-Q3 · $175.7M2021-Q4 · $157.4M2022-Q1 · $133.6M2022-Q12022-Q2 · $122.4M2022-Q3 · $48.0M2022-Q4 · $104.7M2023-Q1 · $127.1M2023-Q2 · $180.2M2023-Q3 · $109.2M2023-Q4 · $257.1M2023-Q42024-Q1 · $833.7M2024-Q2 · $230.8M2024-Q3 · $309.2M2024-Q4 · $81.9M2025-Q1 · $1.4B2025-Q2 · $41.0M2025-Q3 · $44.8M2025-Q32025-Q4 · $505.0M2026-Q1 · $90.4M
Median round size by stage
StageMedian roundRounds
Series D+$120.0M21
Series C$48.4M36
Growth/Late$38.5M10
Series B$19.9M106
Series A$5.7M326
Seed$1.8M716
Pre-Seed$360K1,320
Top-funded companies
CompanyStageRaisedModeled value
RL Parent Holdings LLC
Orlando
Series D+$165.2M$821.7M
ONE Group Hospitality, Inc.
DENVER
Series D+$178.3M$766.3M
Aag Holding I, Llc
SAN FRANCISCO
Series D+$226.9M$740.7M
Hwood Group, Llc
WEST HOLLYWOOD
Series D+$185.0M$648.8M
Del Taco Restaurants, Inc.
CHICAGO
Series D+$169.0M$551.8M
Panera Holdings Corp.
FENTON
Series D+$151.9M$496.0M
Tasty Brands, LP
LOS ANGELES
Series D+$150.0M$489.7M
Cipriani USA, Inc.
NEW YORK
Series D+$120.0M$391.8M
Border Parent Holdings, LP
ATLANTA
Series D+$111.0M$362.4M
Sagittarius Restaurants Llc
LAKE FOREST
Series D+$110.0M$359.1M
Krystal Parent Holdings, LP
ATLANTA
Series D+$100.5M$328.1M
Del Taco Holdings, Inc.
LAKE FOREST
Series C$96.7M$313.6M
Levy Epic Acquisition Co II, LLC
CHICAGO
Series C$88.3M$286.4M
BurgerFi International, Inc.
NORTH PALM BEACH
Series C$77.5M$268.8M
Cambridge Franchise Partners, Llc
HENDERSON
Series C$75.3M$244.1M
BBD Holdco LLC
Redding
Series C$71.2M$230.9M
Philz Coffee, Inc.
SAN FRANCISCO
Series C$93.1M$218.9M
King's House of Wings
BATON ROUGE
Series C$50.0M$218.4M
Triloma Restaurant Fund I, LLC
WINTER PARK
Series C$50.0M$218.4M
JL Acquisitions, Inc.
FOSTER CITY
Series C$50.9M$215.8M
Related sectors

Browse all sectors or the full company rankings.

Frequently asked
How much venture funding has the Restaurants sector raised?
Companies in Restaurants have raised approximately $12.5B across 2,535 recorded financing rounds among 2,292 companies, aggregated from public sources.
Is Restaurants venture funding growing?
Restaurants funding is currently cooling: capital raised over the last 12 months was down 66% versus the prior 12 months.
What is the typical round size in Restaurants?
Median disclosed round sizes in Restaurants by stage are: Series D+ $120.0M, Series C $48.4M, Growth/Late $38.5M, Series B $19.9M. These are medians across recorded rounds, not averages.
Which are the most-funded Restaurants companies?
The most-funded Restaurants companies in our coverage include RL Parent Holdings LLC, ONE Group Hospitality, Inc., Aag Holding I, Llc, Hwood Group, Llc, Del Taco Restaurants, Inc.. See the full ranked table for disclosed capital and modeled valuations.
When did Restaurants funding activity begin in this data?
The earliest recorded Restaurants financing in our coverage dates to 2003, with the most recent round around 2026-03-14.
Restaurants venture funding — $12.5B raised · Provath