Just Salad has completed its largest ever capital raise, with participation by the circular economy-focused firm Closed Loop Partners, as well as Panda Restaurant Group.
“We are impressed with Just Salad’s innovative approach to embedding zero-waste principles across their business. They are a pioneer of reuse models at scale, creating the world’s largest restaurant reusable program and illustrating their commitment to extending the life of valuable packaging materials,” said Ron Gonen, founder and CEO of Closed Loop Partners, in a statement. “Their continued growth demonstrates the viability, feasibility and desirability of circular business models.”
The funds will be used to expand the company’s geographic footprint and implement new environmental sustainability and technology initiatives. Currently the brand has 47 locations in New York, New Jersey, Illinois, Pennsylvania, North Carolina, Florida, and Dubai, and plans to double its footprint over the next two years.
In 2022, Just Salad will expand its reusable bowl program to digital orders and offer participating customers loyalty rewards in its mobile app, further encouraging sustainable eating on the go.
“The white space for Just Salad is truly incredible,” said Nick Kenner, founder and CEO of Just Salad, in a statement. “Just Salad is on its way to becoming a larger part of the national landscape and that means unrivaled, craveable food and more sustainable eating for America in general. The tailwinds are strong, and it's about executing at a high level while still focusing on each and every customer.”
Related: Just Salad Saves Waste From Landfills, Money; Just Salad Creates Cleaning Captain Position.
Image: Just Salad