San Diego-based restaurant company Jack in the Box has secured $1.3 billion in post-IPO debt funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 9 and financed by JANA Partners LLC.
According to its Crunchbase profile, "Jack in the Box Inc. is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states. Jack in the Box Inc. also operates and franchises Qdoba Mexican Grill®, a leader in fast-casual dining, with approximately 600 restaurants in 46 states, the District of Columbia and Canada."
The 69-year-old company also raised a $800 million post-IPO debt round in 2014.
Over the past year, 11 San Diego-based food and beverage companies have secured venture funding, totaling $1.3 billion in new investment to the local industry.
In other local funding news, e-commerce company Kopari Beauty announced a $20 million Series A funding round on July 16, led by L Catterton.
According to Crunchbase, "Inspired by a healthy, mindful lifestyle, Kopari beauty products embrace and enhance the natural splendor and beauty within each of us with 100% pure organic coconut oil. Authentic, simple and pure, Kopari beauty products promote natural radiance, celebrate vitality and encourage balance while regenerating hair and skin with one of Mother Nature’s greatest gifts, the coconut."
Founded in 2015, the company has raised two previous rounds, including one in 2017.
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