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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.
Amount Raised
$50 Million
Round Type
Series A
Investors
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.
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Funding Insights
What this usually meansChubby 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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