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Starbird Chicken raises $4 million in funding

The self-proclaimed “super-premium fast food” chain plans to have nine locations open by first quarter of 2021

Nancy Luna, Senior editor, Nation's Restaurant News

December 9, 2020

1 Min Read
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Starbird was created in 2016.Courtesy of Starbird

Starbird Chicken has raised $4 million in funding, the largest equity fundraising round from current investors and industry insiders, the four-year-old brand announced Wednesday.

“This landmark financing reflects the industry’s belief in our vision that we’ve had for Starbird since day one - that the fast food landscape was primed for an upgrade in quality and convenience in user experience through menu items designed with customers’ evolving tastes in mind and a modern technology platform.” CEO Aaron Noveshen said in a statement.

The self-proclaimed “super-premium fast-food” concept was created in 2016 by Noveshen, also the founder of San Francisco-based consultancy The Culinary Edge. The emerging brand plans to have nine locations open in the Bay Area by the first quarter of 2021. The San Francisco-based concept recently opened a cloud kitchen in Oakland, Calif.

The lead investor for the recent round is Greg Dollarhyde, founder of Dollarhyde Enterprise Group.

"I am extremely excited to have the opportunity to work with Aaron and his capable team in this phenomenal opportunity with their newly-evolving premium fast food offering,” he said in a statement. “It's timely, multi-faceted technology platform along with the positioning of this absolutely craveable food concept makes Starbird the concept to watch.”

Starbird’s fresh chicken offerings include sandwiches, salads, tacos, chicken tenders and wings. The company said its brick and mortar restaurants have performed well during the pandemic.

“Streetside restaurants have seen positive comparable store sales of up to 50% in the last six months, and have proven their leadership in the marketplace through strong top-line sales of more than $1,300 per foot,” the company said.

Starbird currently has seven locations with two more openings planned in 2021.

Starbird was a Nation’s Restaurant News Breakout Brand in 2017.

Contact Nancy Luna at [email protected] 

Follow her on Twitter: @fastfoodmaven

About the Author

Nancy Luna

Senior editor, Nation's Restaurant News

Nancy Luna is a senior editor at Nation's Restaurant News and a contributing editor at Supermarket News. She covers the industry's largest and most talked about fast-food brands including McDonald's, Starbucks, Chipotle Mexican Grill, Taco Bell, Pizza Hut, KFC and Subway. She is an award-winning journalist with more than 25 years reporting experience. As a veteran business reporter based in Southern California, Nancy has covered some of the country's most beloved food and retail brands including In-N-Out, Taco Bell, Trader Joe's, Aldi, Whole Foods Market, Target and Costco. Luna is a graduate of Cal State Fullerton. When she's not digging for news on her beat, you can find Nancy regaling her fans about her latest dining adventures on her Fast Food Maven social media channels. Contact [email protected]  or follow her on Twitter at https://twitter.com/fastfoodmaven

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