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Cava Group

NYSE: CAVAUnicorn · $2.1B

Washington, US · Founded 2015 · Delaware corporation · 2 known investors

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CAVA Group operates a chain of fast-casual Mediterranean restaurants that serve customizable bowls and pitas made with fresh ingredients, while also manufacturing and selling dips, spreads, and dressings through grocery retail channels. The company aims to expand from 439 locations across the United States and deepen guest engagement through digital loyalty programs and vertically-integrated food production.

Founders & leadership

Cava Group was founded in 2015 by Brett Schulman, Lambros Grigoropoulos, Theodore Xenohristos, and Theodoros Xenohristos.

BSBrett Schulman
Brett SchulmanCo-founder
LG
Lambros GrigoropoulosCo-founder
TX
Theodore XenohristosCo-founder
TX
Theodoros XenohristosChief Concept Officer
MC
Marshall CannonExecutive

Board

TK
Todd KleinBoard directorGeneral Partner at SWaN & Legend Venture Partners
DF
Dimitrios FragoyannisBoard director

Investors · 2

T. Rowe PricereportedBaltimore

How we know: the S-1 prospectus · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$487.1M disclosed across 6 rounds · 2015–2019

▶$40MraisedDec 2019 · 4 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Dan JonesExecutive Officer
  • Brett SchulmanExecutive Officer, Director, Promoter
  • Theodore XenohristosDirector
  • Todd KleinDirector
  • Karen KochevarDirector
  • David StrasserDirector
  • Sarah SaxeExecutive Officer
  • Keith PascalDirector
  • William MoretonDirector
  • Benjamin FeltDirector
  • Philippe AmouyalDirector
  • Michael ToddExecutive Officer
  • Ronald ShaichDirector
Offering amount
$40M
Amount sold
$40M
First sale
Nov 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$283.7MraisedDec 2018 · 17 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • KAREN KOCHEVARDirector
  • JONATHAN CLARKExecutive Officer
  • THEODORE XENOHRISTOSDirector
  • LAMBROS GRIGOROPOULOSDirector
  • MARSHALL CANNONExecutive Officer, Director
  • BRETT SCHULMANExecutive Officer, Director, Promoter
  • TODD KLEINDirector
  • DAVID STRASSERDirector
  • RONALD SHAICHDirector
Offering amount
$298.7M
Amount sold
$283.7M
First sale
Nov 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$33.5MraisedMay 2018 · 10 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • PHILIPPE BOURGUIGNONDirector
  • JONATHAN CLARKExecutive Officer
  • BRETT SCHULMANExecutive Officer, Director, Promoter
  • MARSHALL CANNONExecutive Officer, Director
  • LAMBROS GRIGOROPOULOSDirector
  • THEODORE XENOHRISTOSDirector
  • DAVID STRASSERDirector
  • RONALD SHAICHDirector
  • KAREN KOCHEVARDirector
Offering amount
$35M
Amount sold
$33.5M
First sale
Apr 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$34.9MraisedMar 2017 · 16 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • KAREN KOCHEVARDirector
  • JONATHAN CLARKExecutive Officer
  • LAMBROS GRIGOROPOULOSDirector
  • THEODORE XENOHRISTOSDirector
  • BRETT SCHULMANExecutive Officer, Director, Promoter
  • MARSHALL CANNONExecutive Officer, Director
  • PHILIPPE BOURGUIGNONDirector
  • DAN JONESExecutive Officer
  • TODD KLEINDirector
Offering amount
$35M
Amount sold
$34.9M
First sale
Mar 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$44.3MraisedSep 2015 · 6 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Brett SchulmanExecutive Officer, Director, Promoter
  • Lambros GrigoropoulosDirector
  • Theodore XenohristosDirector
  • Marshall CannonExecutive Officer, Director
  • Todd KleinDirector
  • Philippe BourguignonDirector
Offering amount
$44.5M
Amount sold
$44.3M
First sale
Sep 2015
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$50.8MraisedApr 2015 · 55 investors · Restaurants
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd KleinDirector
  • Marshall CannonExecutive Officer, Director
  • Brett SchulmanExecutive Officer, Director, Promoter
  • Lambros GrigoropoulosDirector
  • Dimitrios FragoyannisDirector
  • Theodore XenohristosDirector
Offering amount
$51.3M
Amount sold
$50.8M
First sale
Apr 2015
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$2.1Bvaluation at IPOJun 2023 · $22.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does Cava Group do?
CAVA Group operates a chain of fast-casual Mediterranean restaurants that serve customizable bowls and pitas made with fresh ingredients, while also manufacturing and selling dips, spreads, and dressings through grocery retail channels. The company aims to expand from 439 locations across the United States and deepen guest engagement through digital loyalty programs and vertically-integrated food production.
Who founded Cava Group?
Cava Group was founded by Brett Schulman, Lambros Grigoropoulos, Theodore Xenohristos, Theodoros Xenohristos in 2015.
Who are Cava Group's investors?
Cava Group's investors include SWaN & Legend Venture Partners, T. Rowe Price.
How much funding has Cava Group raised?
Cava Group has disclosed $487.1M raised across 6 rounds.
Where is Cava Group headquartered?
Cava Group is headquartered in Washington, US.