By Chloe, the popular plant-based, fast-casual restaurant startup, has today announced that has secured investment to support the brand’s expansion to 20 sites over the next two years.
On the horizon in 2018, By Chloe currently has plans to open another site in New York, a third site in Boston, and additional London locations.
Founded in 2015, By Chloe. has grown from its flagship in New York City’s West Village to a total of ten locations globally. With locations in New York City (5), Los Angeles, Boston (2), Providence, RI, and London, along with a dedicated bakery, Sweets By Chloe, the plant-based restaurant aims to offer delicious, wholesome foods that fuel and energize without compromising flavor, taste or satisfaction.
By Chloe’s menus feature thoughtfully-sourced ingredients in their most natural state to create inspired dishes, made fresh daily. The brand is committed to supporting a sustainable and plant-based lifestyle, and actively works to lower its carbon footprint and preserve the planet’s water supply with an animal-free menu, mindful ingredient sourcing and eco-friendly packaging.
Samantha Wasser, Founder and Creative Director, said, “We are thrilled to partner with Bain Capital Double Impact, Kitchen Fund, and our other strategic investors. Their support and belief in the by CHLOE. brand will only help to further our ability to bring delicious, accessible and affordable plant-based food to the masses.
'Staying true to our brand ethos, our investor group aligns so well with the goals and ideals of the by CHLOE. brand. We look forward to bringing more by CHLOE. locations to our amazing customers around the world.”
By Chloe’s new investor group and original investor ESquared Hospitality make up some of the strongest leaders within the global restaurant space with experience in fine dining, fast-casual, specialised vertical investment, international concept scaling and more.
Warren Valdmanis, a Managing Director at Bain Capital Double Impact, said, “Bain Capital has a long and successful history of investing in and supporting restaurant businesses. We are excited to partner with Samantha and her team to drive the continued growth of the business and to fulfill the mission to promote healthy food and lifestyles. We also believe there are significant opportunities to increase by CHLOE.’s social and environmental impact through targeted sustainability initiatives.”
Bain Capital has a long history of successful investments in mission-oriented companies, and significant experience in helping restaurant businesses grow and expand geographically. Kitchen Fund is the leading investor in early stage restaurants, having helped grow iconic fast-casual concepts into international brands in an impressive 18 months since inception.
By Chloe is currently exploring additional locations in New York City to continue its city-wide expansion, in addition to international growth via partnerships with a targeted focus on Europe and the Middle East, led by TGP International and Qoot International.