Pupatella Management’s $7.5 Million Capital Raise

Arent Fox advised Pupatella Management on the transaction.

On August 2, Pupatella Management successfully closing of a $7.5 million equity financing of its subsidiary Pupatella RD II LLC. 

The capital raise, which will enable Pupatella to expand its presence in Washington, DC, Maryland, and Virginia, is the second capital raise for Pupatella Management. 

Pupatella launched in 2007 as a food cart serving Neapolitan pies. The restaurant, which opened its first brick-and-mortar location in Ballston in 2010, serves pizza certified by the Italian trade group Associazione Vera Pizza Napoletana. The company opened new locations in Dupont Circle and Reston during 2020. Since then, the company has grown to five restaurants and has plans to open more than a dozen restaurants in the coming years.

Arent Fox was led by Jay L. Halpern (Picture), Amal U. Dave, Paul A. Schmid, and Andrew Basye. 

Involved fees earner: Andrew Basye – Arent Fox; Amal Dave – Arent Fox; Jay Halpern – Arent Fox; Paul Schmid – Arent Fox;

Law Firms: Arent Fox;

Clients: Pupatella Management;

Author: Martina Bellini