Vapiano, the innovative fresh casual restaurant and lounge has received funding from three European banks for a total of 45 million Euro ($62.5 million USD) to fund Vapiano’s expansion throughout several years. Vapiano has also acquired a strategic equity partner who will provide another 5 million Euro ($7m USD). Vapiano will take full advantage of this infusion of capital and continue an already successful expansion of its hot concept.
Currently Vapiano International operates nearly 45 restaurants in fourteen countries and expects to open 44 to 55 new locations by the end of 2009. In the U.S. alone the company has closed deals for six stores in Southwest Florida, ten in Dallas, two in San Jose, five in Houston and three stores in Boston, Detroit and Atlanta. New international locations are in the making throughout Mexico, Australia, Bulgaria, Romania, Czech Republic, Serbia, Croatia and France. Open international locations include 26 in Germany, two in Holland and Hungary and one in Belgium, Estonia, London, The Netherlands, Austria, Sweden, Saudi Arabia, Switzerland, Poland, Turkey and the UAE. More.