Chubby Group closes $50 million Series A at $500 million valuation, agrees to buy 47 Gen restaurants
GENK•Chubby Group closed a $50 million Series A led by Prysm Capital at a $500 million valuation and signed a deal to purchase 47 Gen Korean BBQ restaurants. Chubby projected systemwide revenue of $400 million for full-year 2026; Gen will hold a convertible note at a $1.5 billion valuation, and Chubby will receive a perpetual Gen brand license.
1. Funding and restaurant deal
Chubby Group closed a $50 million Series A led by Prysm Capital at a $500 million valuation and signed a deal to purchase 47 Gen Korean BBQ restaurants. Under the deal, Gen will hold a convertible note at a $1.5 billion valuation, while Chubby receives a perpetual license to the Gen brand.
2. Revenue projection
Chubby Group projected systemwide revenue of $400 million for full-year 2026.
