# Mod Pizza funding: rounds and investors

> Mod Pizza has raised $233M across 2 rounds since 2018. Investors include Fidelity, Dubilier & Rice and Clayton. Every round with its source.

Source: https://millionrounds.com/company/mod-pizza (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Mod Pizza*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Enterprise

Funding summary Updated 26 Oct 2026

**$233M** raised across 2 rounds since 2018, from 2 sources

**$73M** Round **$160M** Round

- **Latest round:** Round, $160M May 2019
- **Led by:** Dubilier & Rice and Clayton
- **Step-up i:** 2.2×
- **Investors:** 4 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019

**$73M** Round

**$160M** Round

- **First round:** Round, $73M
- **Biggest round:** $160M
- **Between rounds:** 16 months

## The rounds

- **May 2019** Round **$160M** *2 new* *1 returning* [Dubilier & Rice](https://millionrounds.com/fund/dubilier-and-rice) Lead Clayton Lead [Fidelity](https://millionrounds.com/fund/fidelity) Reported by FinSMEs
- **Jan 2018** Round **$73M** *2 new* [Fidelity](https://millionrounds.com/fund/fidelity) [PWP Ventures](https://millionrounds.com/fund/pwp-ventures) Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2018 **Round** 2019 [Fidelity](https://millionrounds.com/fund/fidelity) [Dubilier & Rice](https://millionrounds.com/fund/dubilier-and-rice) L Clayton L [PWP Ventures](https://millionrounds.com/fund/pwp-ventures)

## Everyone who backed them

[Fidelity](https://millionrounds.com/fund/fidelity) VC firm **2** rounds

[Dubilier & Rice](https://millionrounds.com/fund/dubilier-and-rice) Investment firm **1** round, led 1

Clayton no record of our own yet **1** round, led 1

[PWP Ventures](https://millionrounds.com/fund/pwp-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mod-pizza).

## Quick answers about Mod Pizza

### Who invested in Mod Pizza?

Mod Pizza's investors include Fidelity, Dubilier & Rice, Clayton and PWP Ventures. Dubilier & Rice led its latest round.

### How much has Mod Pizza raised?

Mod Pizza has raised $233M across 2 rounds since 2018.

### When did Mod Pizza last raise?

Mod Pizza's most recent round was an Undisclosed round of $160M in May 2019, led by Dubilier & Rice.

### What was Mod Pizza's biggest round?

Its most recent round, $160M in May 2019, is also its largest on record.

### Who backed Mod Pizza first?

Mod Pizza's first round on record, in Jan 2018, was backed by Fidelity and PWP Ventures.

### What stage is Mod Pizza at?

Mod Pizza's latest named round is an Undisclosed round, in May 2019.

### Where is Mod Pizza based?

Mod Pizza is based in the United States.

### Who led Mod Pizza's rounds?

Dubilier & Rice led the Undisclosed round in 2019.

## Companies like Mod Pizza

In the same sector, and raised in the last eighteen months.

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