Fogo de Chão

IPO

Ignite Fire and Joy

Dallas, United States · Founded 1979 · $1.7B raised

Headquarters
Dallas, Texas
Employees
5001–10000
Founded
1979
Business Model
B2C
Website
fogo.com
Total Funding
$1.7B
Last Round
$1.1B Private EquityAug 2023
Rounds
2

About

Fogo de Chão is a Brazilian chain of rodízio-style steakhouses (churrascarias) founded in 1979 by brothers Arri and Jair Coser along with Jorge and Aleixo Ongaratto in Porto Alegre, Brazil. The restaurant chain specializes in Southern Brazilian cuisine, serving churrasco fire-roasted meats carved tableside by Brazilian-trained Gaucho Chefs, alongside a Market Table and Feijoada Bar with traditional Brazilian side dishes. First expanded to the United States in 1997 with an Addison, Texas location, Fogo de Chão now operates over 70 locations across the United States, Brazil, Mexico, Saudi Arabia, UAE, Honduras, Philippines, Bolivia, Chile, and Ecuador. The chain is currently owned by Bain Capital, which acquired it in August 2023 for a reported $1.1 billion.

Summary

Fogo de Chão is a Food & Beverage company based in Dallas, United States, founded in 1979. It has raised $1.7B in total across 2 rounds, most recently a $1.1B Private Equity round in Aug 2023. Investors include Bain Capital Private Equity and Rhône Capital.

Tech & App Stack

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Funding History

Private EquityPrivate EquityAug 2023
$1.1B

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Investors

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