What is Phoebe's Restaurant?
Phoebe's Restaurant & Coffee Lounge, operating since 1976, is a well-regarded dining venue situated in Syracuse, New York. The establishment offers a seasonally evolving menu for both lunch and dinner, complemented by a full-service bar and gourmet espresso offerings. Catering to a diverse clientele, including locals and visitors near Syracuse University and the downtown area, Phoebe's provides take-out services and private event spaces. Its enduring reputation is built on a consistent commitment to high-quality food and beverages, solidifying its role as a community staple.
How much funding has Phoebe's Restaurant raised?
Phoebe's Restaurant has raised a total of $401K across 2 funding rounds:
Debt
$150K
Debt
$251K
Debt (2020): $150K with participation from PPP
Debt (2021): $251K led by PPP
What's next for Phoebe's Restaurant?
The substantial backing indicated by the large-scale late-stage funding positions Phoebe's Restaurant for continued operational excellence and potential strategic expansion. Given its history and established market position, this financing is likely earmarked for enhancing existing services, optimizing supply chains, or potentially exploring new market opportunities within the Syracuse area. The company's focus on quality and community engagement, coupled with this recent strategic investment, suggests a trajectory aimed at reinforcing its market leadership and ensuring long-term viability in the dynamic restaurant industry.
See full Phoebe's Restaurant company page
