Next Level Burger, the nation”™s first 100% plant-based burger joint chain, announced it has successfully raised a $20 million funding round.
According to a statement from the Bend, Oregon-based company, the lead investors in the funding round included “a strategic organic and natural foods partner, private high-net-worth, mission driven shareholders, as well as early stage vegan investor power couple Alex Payne, formerly of Twitter and Simple Bank, and Nicole Brodeur as minority stakeholders.”
The capital infusion is being used to support Next Level Burger”™s execution of its national expansion plans to quadruple the current store count nationwide by the end of 2025 and accelerate the brand”™s long-term goal of opening 1,000 units.
Next Level Burger operates locations in Oregon, Washington, California, Colorado and Texas, with a single northeastern location in Brooklyn.
