Pinky Cole and the Slutty Vegan brand continue to smash ceilings.
Per For(bes) The Culture, Cole announced that she managed to raise $25 million in a Series A funding round. Her brand now sits at $100 million. With the goal of building a billion-dollar brand, she may be well on her way with not just the popular four-year-old vegan burger chain, but also a foundation, shoe deal, and many other lucrative moves under her belt.
With the latest investment, Cole reportedly has plans to open up 10 additional Slutty Vegan restaurants by the end of the year. The goal is also to add another 10 locations in the near future.
Another move she aims to make with the funds is to expand her team by adding a chief operating officer and chief marketing officer to the company to continue to scale and manage that growth.
Source: @afro.tech
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