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Chubby Group closes $50M Series A led by Prysm Capital at $500M valuation. The funding supports expansion of its Asian dining portfolio and acquisition of 47 GEN Korean BBQ restaurants.

PRIVATEOct 15, 2026

Amount Raised

$50 Million

Round Type

Series A

Rowland Heights

Investors

Prysm Capital

Description

Chubby Group, operator of multiple Asian dining concepts including Chubby Cattle, Wagyu House, and The X Pot, has closed a $50 million Series A funding round led by Prysm Capital at a $500 million valuation. The capital will support the company's growth strategy and fund the acquisition of 47 GEN Korean BBQ restaurants and four development sites from GEN Restaurant Group in a transaction valued up to $100 million. Chubby plans to implement its operational playbook across the acquired restaurants, leveraging its vertically integrated supply chain and membership program. The acquisition positions Chubby Group as one of the largest Asian dining groups in the United States.

Company Information

Company

Chubby Group

Location

18558 GALE AVE SUITE 122-128

Rowland Heights, California, United States

About

Chubby Group is a multi-brand Asian dining company operating 25+ restaurant concepts including Chubby Cattle, Wagyu House, The X Pot, NIKU X, Chubby Skewers, and Chubby Bowls. The company operates a vertically integrated supply chain, sourcing whole animals and seafood directly to provide high-quality ingredients at affordable prices. Chubby has grown to 70 locations while maintaining profitability and operates Chubby Club, a membership ecosystem offering benefits across its portfolio. The company is positioned as one of the largest Asian dining groups in the U.S. following its $50M Series A and planned acquisition of 47 GEN Korean BBQ restaurants.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Chubby Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.