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INTERNET | Internet Software & Services / Information Providers & Portals
culturemap.com

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Stage

Acquired - II | Acquired

Total Raised

$30K

Revenue

$0000 

About CultureMap

CultureMap is an online magazine and mapazine which aims to bring hyper-localized intelligence and insight to each city that it covers. CultureMap consists of a team of highly experienced editors, photo editors, writers, and insiders who per the company "have in-depth expertise on each local market and all that it offers, providing thought-provoking insights and opinions about the arts, fashion, music, events, and society". The company hopes that by blending the highest-quality content via experts-in-the-field with on-demand, proprietary web technology, CultureMap will change how information is distributed in the 21st Century.

CultureMap Headquarter Location

2449 South Blvd. Suite 106

Houston, Texas, 77098,

United States

Latest CultureMap News

Austin-born taco chain receives 'damn good' $400 million investment for major expansion

Dec 7, 2020

Former executive chef Michael Rypka launched Torchy’s in 2006 at food trailer on South First Street. Author: John Egan (CultureMap) Updated: 8:57 AM CST November 24, 2020 CULTUREMAP AUSTIN  - Fourteen years after it was born in a South Austin food trailer, Torchy’s Tacos has received a damn good investment: $400 million. The money from a group of investors led by private equity firm General Atlantic will pave the way for Torchy’s, which enjoys a cult-like following, to expand to another 10 states over the next four years. Austin-based Torchy’s, which promotes itself as a purveyor of “Damn Good Tacos,” currently operates 83 locations in seven states. Former executive chef Michael Rypka launched Torchy’s in 2006 at food trailer on South First Street. Aside from General Atlantic, the majority owner of Torchy’s, investors in this fresh $400 million round of funding are investment firm D1 Capital Partners, investment manager T. Rowe Price, and hedge funds Lone Pine Capital and XN. Rypka and all other members of the original ownership group also put money into this funding round, which would be enough money to buy roughly 75 million orders of Torchy’s chips and queso. New York City-based General Atlantic initially invested in Torchy’s in 2017. A year later, Torchy’s tapped G.J. Hart as CEO . Hart previously was CEO of the California Pizza Kitchen and Texas Roadhouse restaurant chains. He joined the board of Red Robin Gourmet Burgers in 2019. In a November 20 release , Hart says that with General Atlantic being joined by four new investors, “we feel that we have assembled a premier ownership group that will allow us to accelerate our growth and write the next chapter in Torchy’s history.” Related Articles

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