Fenwick & West represented Enlightened Hospitality Investments (EHI) in leading the investment.
Banza raised $20 million growth investment, led by Enlightened Hospitality Investments, the growth equity fund affiliated with Danny Meyer’s Union Square Hospitality Group.
The capital will primarily be used to grow Banza’s team, support marketing efforts and commercialize its product pipeline.
Founded in 2014, Banza is the fastest growing pasta brand in the country. Prelude Growth Partners also co-led the round. On a mission to make nutritious food more accessible, Banza reinvents popular comfort foods using chickpeas.
Enlightened Hospitality Investments (EHI) is a value-added strategic investor formed to leverage the brands, businesses and team of Union Square Hospitality Group to identify growth potential and investment opportunities in both internal and outside ventures.
The Fenwick transaction team included corporate partner Evan Bienstock (Picture) and associates Andrew Murphy and Lisa Richards, as well as tax partner David Forst.
Law Firms: Fenwick & West LLP;
Clients: Enlightened Hospitality Investments;