Top 10 Restaurants and Bars Capital Raises and Investors in the U.S. – June 1st – 30th, 2026
Several interesting transactions closed in the Restaurants and Bars sector over the past month. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
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- Gekkō, a Japanese steakhouse and lounge based in Miami, Florida that features crafted sushi, premium steak cuts and standout seafood appetizers, complemented by a curated cocktail program, ensuring customers enjoy upscale steakhouse ambiance with modern cuisine, received a development capital from Harlo Entertainment.
- STK, a chain of steakhouses that delivers culinary experiences with a social and vibrant atmosphere, received development capital from PowerOne Capital Markets.
Buyout/LBO
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- Trevi Lounge, a social lounge based in Fairfield, Connecticut that offers a dance floor, pool tables, and outdoor patios, providing the LGBTQ+ community with drag performances, karaoke nights, and viewing parties to facilitate social interaction and inclusive nightlife experiences, was acquired by Pride Holdings Group through an LBO.
Merger/Acquisition
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- FAT Brands, a multi-brand restaurant franchising company that develops, markets, acquires, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts around the world, was acquired by FBG Bid for approximately $595 million.
- Ultra (Toronto), a restaurant that provides a sensory dining and social experience and offers pan-asian cuisine, cocktails, wine service, robata grilled satays, desserts, and private event spaces, thereby enabling clients to experience a culinary journey in a designer-inspired environment, was acquired by Ink Entertainment and Harlo Entertainment.
- Don & Bert’s Custard Stand, a roadside restaurant and custard stand that provide food and frozen desserts, was acquired by Ciconte’s Restaurant Group.
Early Stage VC
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- Opportunity Restaurant Group, a restaurant company based in Conyers, Georgia that offers incentives that keep employees motivated and engaged and blend cultural enrichment, financial rewards, and personal growth opportunities to create a workplace that provides employees with competitive salaries and performance bonuses, professional development programs, and a supportive, inclusive culture, raised $57.5 million of venture funding.
- BraveHart Hospitality Group, restaurant franchises that provides Hawaiian-inspired dining experiences, raised $452,000 of venture funding.
Seed Round
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- Destination Hospitality, hospitality and lodging services for dining, accommodation, and event hosting purposes, raised $1.5 million of seed funding.
- Club Athletic, a private membership-based fitness club that provides structured strength and conditioning training through small-group coaching, raised $4.10 million of seed funding in a deal led by Anne Mahlum.
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Raheem Suleman
Managing Director
Over two decades of experience in capital markets across capital raising, FX, futures, and stocks. Expertise in both business and technical aspects of trading and relationship management. Valuable insights into Asian and Middle Eastern capital markets. Broad understanding of the financial markets, and the insurance and reinsurance sectors. Extensive experience in the hospitality industry, managing multiple properties with responsibilities ranging from capital raising to daily operations. Completed the executive education program in private equity at the Wharton School. B.S. in Economics and Finance from the University of Waterloo. FINRA Series 7 and 63 licensed.
- Email: rsuleman@castleplacement.com
- (C) (646) 852-8007
Please contact me if you have any questions or would like to discuss your capital raise:
Email: rsuleman@castleplacement.com
(C) (646) 852-8007
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.











