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Oath Craft Pizza Receives $4.5M

2016-09-13
BOSTON, MA, Oath Craft Pizza, a fast casual restaurant operator, has officially closed a $4.5 million Series A investment led by Breakaway, a Boston-based branding and venture capital firm.
With this funding, Oath has raised $9 million in funding since inception.

Oath Craft Pizza is poised to transform the fast casual space by introducing craft pizza: chef-inspired pizzas that combine artistry with quality ingredients offering a unique flavor profile. The company and its seasoned operating team deliver an exceptional product and a remarkable brand experience across all four of its Massachusetts locations. The new investment will be used to further accelerate the company's growth within the Boston metro area, as well as rapid expansion into new geographic markets, including New York and Washington, DC.

'We're thrilled by the ongoing support from our investors, as this additional funding will allow us to execute our growth plans for the brand,' said Oath Craft Pizza's President and COO Rick Wolf. 'As the restaurant industry evolves to keep up with consumer tastes and preferences, Oath is proud to lead the pack in fast-casual craft pizza. We look forward to bringing our unique flavor combinations and exceptional crust to new guests in Boston and beyond.'

'We are excited about the opportunity to create a brand that stands for something and that innovates the world of fast casual, not just pizza, by applying new technologies and embracing smaller footprints than traditional operators,' said John Burns, chairman of Oath and president of Breakaway Ventures. 'This investment is a reflection of our commitment to a company that is pushing the boundaries of what is possible in the restaurant industry as a whole.'

Breakaway was joined by a number of co-investors in this round: Joe O'Donnell, chairman of the board of directors for Centerplate, Stephen Karp, chairman and CEO of New England Development, Douglass Karp, president of New England Development, Steven Fischman, vice chairman of New England Development and Ben Fischman, founder of Rue La La and M Gemi.

As part of this funding, Len Schlesinger has also joined the company's Board. Len is the former President of Babson College, Vice Chairman and COO of Limited Brands and EVP and COO of Au Bon Pain. He is currently a Baker Foundation Professor at the Harvard Business School.

About Oath Craft Pizza
Oath Craft Pizza is transforming the fast casual space by introducing craft pizza: chef-inspired recipes with unique flavor profiles, delivered on trade secret crust with minimal wait times. The company was founded on the notion that doing good and doing something extraordinary are not mutually exclusive and exists not only to serve great food but also to enrich its community. The Boston-based company has a growing presence throughout New England and beyond. For more, visit www.oathpizza.com or follow Oath on Instagram, Facebook and Twitter.

About Breakaway
Breakaway, a Boston-based branding and venture capital firm, invents, reinvents and reinvigorates brands. Our unique platform of strategy, creative, activation, venture investment, and talent placement builds brands, accelerates growth, and creates meaningful value for companies big and small. We invest our time, money, heart, soul, minds, lives, and futures into it day in and day out. We are believers in brand. We are investors in brand. We are brand capitalists.
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