About Chubby Group
Chubby Group is a U.S. restaurant and hospitality company, formerly called Chubby Cattle International. It runs Asian-inspired dining brands including Chubby Cattle, Wagyu House, The X Pot, NIKU X, Chubby Skewers and Chubby Bowls. It also sells consumer product lines such as wagyu rice bowls and wagyu soup dumplings, and distributes wagyu and caviar. The group handles supply chain, brand design, marketing and loyalty through Chubby Supply, Chubby Center, Chubby Media and the Chubby Club App.
Chubby Group opened its first restaurant in 2016 and now has more than 70 locations. It plans to reach roughly 100 by the end of 2026. About 450,000 people belong to its Chubby Club membership program. In October 2026, Prysm Capital led a $50 million Series A that valued Chubby Group at $500 million. David Zhao and Harby Yang are the co-founders. The company's business address is in Las Vegas, Nevada.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 14, 2026 | Oct 22, 2026 | $49,999,372fully sold | 1 | $49.9M | EquityRule 506(b) | Form D ↗ |
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Chubby Group
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Oct 15, 2026 | Series A | $50 million | Prysm Capital (lead) | PR Newswire release, October 15, 2026 ↗ |
Why Investors Backed Chubby Group
Chubby Group runs Asian-inspired restaurant brands and supplies them through its own meat and seafood sourcing. In October 2026, Prysm Capital led its $50 million Series A. The round values the company at $500 million. Chubby also signed a letter of intent to buy 47 GEN Korean BBQ restaurants.
What the product does
Chubby buys whole cattle and whole chickens instead of cuts from distributors. It also runs direct seafood programs. It processes and delivers everything through its own supply chain. Fast-casual bowls are cooked in tallow from its own cattle program. Chubby's case is that using the whole animal across more than 25 brands gives better ingredients at lower prices, from wagyu omakase to bowls.
Progress so far
Systemwide revenue grew from $1.5 million in 2016 to $233 million in 2025. The company projects $400 million for full-year 2026. Chubby has already transformed former GEN sites, growing unit revenue up to 6x. It signed a letter of intent to buy GEN Korean BBQ's 47 U.S. restaurants and four development sites in a deal worth up to $100 million. Closing depends on definitive agreements, license and lease transfers, and regulatory approvals. Chubby plans to take over the restaurants in four phases over 12 months.
Who backs it
Prysm Capital led the round, which is Chubby's first institutional funding. Before it, growth came from operating cash flow and money from founders, local operating partners, supply chain partners and family offices. More than $90 million has gone into restaurants and the supply chain. The new money will expand the supply chain and fund openings, including 30 planned locations across Mr. Chubby and Chubby Bowls in 2027. Matt Roberts, co-founder and partner at Prysm Capital, said: "We've watched Chubby Group grow from 20 to 70 locations while staying profitable."
How the market is moving
According to Euromonitor International, sales at Asian full- and limited-service restaurants outside the Asia-Pacific region grew at an 11% compound annual rate from 2020 to 2025. The restaurant market overall grew at 7% over the same period.
We wrote this summary from public statements by Chubby Group and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on Chubby Group's Form D filed Oct 22, 2026.