# Potbelly Sandwich Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/potbelly-sandwich-works

- Industry: Travel & Leisure
- Headquarters: Chicago, US
- Website: www.potbelly.com
- Total disclosed funding: $74M
- Latest round: Series F (Feb 9, 2009)
- Investors on record: 5

## About

Potbelly Sandwich Works, LLC is a restaurant chain specializing in sandwiches, offering a unique dining experience focused on fresh ingredients and a cozy atmosphere.Founded in 1977, Potbelly Sandwich Works, LLC operates as a sandwich restaurant chain headquartered in Chicago, US. The company has pivoted its business strategy to include a diverse menu while expanding its footprint across North America. Aylwin Lewis and Robert Wright serve as the company's CEOs. In October 2013, Potbelly raised USD 105 mn through its IPO, marking a significant milestone in its funding history. The total amount raised by the company is also USD 105 mn.Potbelly Sandwich Works primarily offers a variety of sandwiches made with fresh ingredients, complemented by soups, salads, and treats. The restaurant prides itself on creating a comfortable environment for customers, catering to both individual diners and groups. Their offerings aim to meet diverse tastes while ensuring quality and satisfaction.In the most recent fiscal year 2024, Potbelly Sandwich Works reported a revenue of USD 462.60 mn and an EBITDA of USD 23.66 mn.Potbelly Sandwich Works plans to launch new sandwich varieties and enhance their menu offerings by the end of 2024. The company is targeting expansion into additional markets within the US, aiming to increase its presence in both urban and suburban areas. The recent IPO funding will be utilized to support these initiatives, focusing on operational enhancements and marketing strategies to drive growth.

## Funding rounds

- Series F, Feb 9, 2009, $16M — Benchmark, Oak Investment Partners, Maveron, Waveland Investments
- Series E, Feb 13, 2006, $58M — American Securities, Oak Investment Partners

## Investors

- American Securities (https://capitalatlas.ai/funds/american-securities) — Series E
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series E, Series F
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series F
- Maveron (https://capitalatlas.ai/funds/maveron) — Series F
- Waveland Investments (https://capitalatlas.ai/funds/waveland-investments) — Series F