Plant-based chain Next Level Burger raises $20M to fuel expansion

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.