Savory Fund Invests in South Block
January 31, 2024
Savory (Savory Fund) has made a growth investment in South Block, a 15-unit, health-focused fast-casual restaurant chain founded in Clarendon, Virginia. Founder and CEO Amir Mostafavi will remain in place as Savory uses capital and operating expertise from its $200 million Fund III to accelerate South Block's expansion across the Northeast; terms were not disclosed.
- Buyers
- Savory Fund
- Targets
- South Block
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Transaction Type
- Growth capital
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