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MOD Pizza chows down on $73 million

MOD Pizza, a Seattle-based fast-casual pizza chain, has raised $33 million in new equity funding from PWP Growth Equity and Fidelity. It also secured a $40 million credit facility.

Why it matters: Because MOD Pizza combines the better attributes of process-focused Chipotle and employee-focused Starbucks (where co-founder Scott Svenson was president of Europe), and is seeking to upend more staid rivals like Domino's and Papa Johns.