Foodtastic

About

Foodtastic is a franchisor of restaurant brands committed to serving delicious food and drinks in innovative concepts.

https://foodtastic.ca

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $175M
Industries: Food and Beverage,Franchise,Restaurants
Founded date: Jan 1, 2016
Operating Status: Active
Legal Name: Foodtastic Inc.

Foodtastic is a Quebec-based franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic's system exceeds 900 restaurants and $830 million in sales. Foodtastic is rapidly growing internationally, with over 100 restaurants outside of Canada.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$175M $50M

Foodtastic has raised a total of $175M $50M in funding over 2 rounds. Their latest funding was raised on Dec 15, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 15, 2022	Debt Financing	$175M	6	National Bank of Canada	—	Detail
Feb 24, 2021	Series Unknown	$50M	1	Restaurant Royalty Partners	—	Detail

Investments

Number of Investments

Number of Lead Investments

5

0

Foodtastic has made 5 investments. Their most recent investment was on Nov 10, 2021, when Prodo raised $400K.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 10, 2021 Prodo	Pre-seed	$400K	Manufacturing	—
Nov 18, 2020 Animall	Series A	$6M	E-Commerce	—
Oct 19, 2020 Genius Teacher	Angel	$2M	EdTech	—
May 5, 2020 PhableCare	Seed	$1M	Health Care	—
Oct 1, 2017 MCaffeine	Seed	—	Beauty	—

Investors

Number of Lead Investors

Number of Investors

2

7

Foodtastic is funded by 7 investors. National Bank of Canada and Restaurant Royalty Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
National Bank of Canada	Yes	Debt Financing
Restaurant Royalty Partners	Yes	Series Unknown
Business Development Bank of Canada	—	Debt Financing
Canadian Western Bank	—	Debt Financing
Royal Bank of Canada	—	Debt Financing
Scotiabank	—	Debt Financing
Toronto Dominion Bank Group	—	Debt Financing

Employee Profiles

Number of Employee Profiles

3

Foodtastic has 3 current employee profiles, including Executive Lawrence Mammas

Lawrence Mammas

Executive

Jacque Gaspo

Executive

Peter Mammas

Executive

Acquisition

Foodtastic has acquired 6 organizations. Their most recent acquisition was Big Rig Brewery on Jun 10, 2019. They acquired Big Rig Brewery for 0.

Date Company Name	Industry	Acquisition Type	Price
Jun 10, 2019 Big Rig Brewery	Brewing	acquisition	—	Detail
Feb 8, 2021 The Second Cup	Brewing	acquisition	$ 14M	Detail
May 13, 2021 Copper Branch	Food and Beverage	acquisition	—	Detail
Aug 3, 2021 Pita Pit Canada	Food and Beverage	acquisition	—	Detail
Dec 2, 2022 Quesada	Apps	acquisition	—	Detail