LEESBURG, Va., July 16,
2024 /PRNewswire/ -- SWaN & Legend Venture
Partners (SWaN), a multi-stage venture capital firm that invests in
high-growth, high-quality organizations, has recognized CAVA Group
(NYSE: CAVA) CEO Brett Schulman and
his partners with its prestigious "Legendary SWaN" Award for
leading the category-defining Mediterranean fast-casual restaurant
brand through one of the most successful consumer IPOs in a decade.
As of July 15, 2024, CAVA's market
cap is more than $9 billion.
CAVA is honored to receive a Legendary SWaN
Award from SWaN & Legend Venture Partners
Schulman accepted the award on behalf of CAVA and his
co-founders and partners, Ted
Xenohristos, Ike
Grigoropoulos, Dimitri
Moshovitis, and Ron Shaich,
chairman of the board.
He also acknowledged the support and advisement that CAVA has
received from SWaN over the past few years. CAVA, a trailblazer in
the Mediterranean restaurant sector, opened its original
full-service restaurant in 2006 and its first CAVA fast-casual
restaurant in 2011, offering patrons the opportunity to build
customized bowls, pitas, and salads. As of June 2024, CAVA boasts an impressive 337
restaurants in 25 states and the District
of Columbia.
At SWaN's most recent Annual Partner's meeting, Fred Schaufeld, co-founder and managing director
of SWaN, presented the award to Schulman and discussed the IPO, the
company's strong performance, its decision to acquire Zoes Kitchens, and more with him.
David Strasser, managing director
of SWaN and long-term CAVA board member, lauded the company.
"The Legendary SWaN Award is exclusive to businesses, such as
CAVA, that bring industry-disrupting ideas to the market," Strasser
said. "Like our previous legendary winners, CAVA created a new
category, this time in fast casual, defining the next large-scale
cultural cuisine, Mediterranean."
CAVA built a loyal customer base by positioning itself as a
healthy alternative to fast food and now has two manufacturing
facilities that produce tzaziki, harissa, salad dressing and crazy
feta for its restaurants and for sale through select grocery
chains.
"We are honored to be recognized by SWaN & Legend. Fred and
other SWaN leaders and senior advisers, including David Bosserman, who currently serves on the
CAVA Group Board of Directors, have played an integral role in our
success," Schulman said. "He, along with Fred, Tony [Nader], and David
Strasser, has brought incredible levels of business acumen
and experience to the table. We have greatly benefited from the
coaching over the years."
There have been three previous Legendary SWaN Award honorees:
Daniel Lubetzky, founder of KIND
Healthy Snacks; Marc Katz, founder
of Custom Ink; and Jay Tapper,
co-founder of DuraStat and La Lumiere LLC.
About SWaN & Legend Venture Partners
Based in Leesburg, Virginia,
with an office in New York City,
SWaN & Legend is a multi-stage venture capital firm that
invests in high-growth, high-quality organizations and the
exceptional management teams behind them. The company was founded
in 2006 by Fred Schaufeld,
Cliff White, and Tony Nader and was initially known as SWaN
Investors. Today, Schaufeld and Nader are among three managing
directors of SWaN & Legend, which has invested in numerous
companies, including CAVA, Anonymous Content, Sugar23, Custom Ink,
CaaStle, KIND Healthy Snacks, MusiCapital, Optoro, Mindshow, José
Andrés Group, Class Technologies, UrbanStems, Pinterest, Airbnb and
Square.
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SOURCE SWaN & Legend