What is Modmarket?
Founded in 2009 and headquartered in Denver, Modmarket is a rapidly expanding fast-casual restaurant chain focused on providing healthy, farm-to-table cuisine. Currently operating seven locations across Colorado's Front Range, the company has ambitious plans to open at least five additional restaurants in Colorado and Texas during 2014. Modmarket was established by entrepreneurs aiming to address the scarcity of healthy dining options, offering an affordable and convenient meal experience that aligns with modern lifestyles. Recognized as a "Hot Concept" by Nation's Restaurant News in 2013, Modmarket is poised for national expansion, aiming to redefine customer expectations for a $10 dining experience.
How much funding has Modmarket raised?
Modmarket has raised a total of $15.5M across 6 funding rounds:
Private Equity
$630K
Private Equity
$690K
Private Equity
$3.5M
Private Equity
$6.6M
Debt
$2M
Debt
$2M
Private Equity (2009): $630K, investors not publicly disclosed
Private Equity (2010): $690K, investors not publicly disclosed
Private Equity (2013): $3.5M, investors not publicly disclosed
Private Equity (2014): $6.6M, investors not publicly disclosed
Debt (2020): $2M backed by PPP
Debt (2021): $2M with participation from PPP
What's next for Modmarket?
With the recent major strategic investment and substantial total funding, Modmarket is well-positioned for aggressive expansion. The company's focus on healthy, farm-to-table ingredients in a fast-casual format addresses a growing consumer demand. Future growth will likely involve opening new locations in key markets, potentially including Texas as indicated, and further solidifying its brand presence. This capital infusion will support operational scaling, marketing efforts, and potentially the development of new menu items or service formats to maintain its competitive edge and continue changing customer perceptions of affordable, healthy dining.
See full Modmarket company page
