About Potbelly
Potbelly is a company based in Chicago (United States) founded in 1977 was acquired by RaceTrac in September 2025.. Potbelly has raised $58 million across 4 funding rounds from investors including American Securities, Privet Fund Management and Oak Investment Partners. The company has 5,000 employees as of December 31, 2024. Potbelly operates in a competitive market with competitors including Burger King, Cracker Barrel, First Watch, YUM! Brands and Restaurant Brands International, among others.
- Headquarter Chicago, United States
- Employees 5000 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Potbelly Corporation
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Annual Revenue
$462.6 M-5.86as on Dec 31, 2024
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Net Profit
$40.29 M687.15as on Dec 31, 2024
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EBITDA
$25.54 M8.89as on Dec 31, 2024
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Total Equity Funding
$58 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
American Securities
& 5 more
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Employee Count
5000
as on Dec 31, 2024
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Acquired by
RaceTrac
(Sep 10, 2025)
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IPO & Listings of Potbelly
Potbelly is a publicly listed company on the NASDAQ with ticker symbol PBPB in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
13 people
Finance and Accounting
9 people
Software Development Team
9 people
Sales and Marketing
7 people
Product Management Team
5 people
General Team
5 people
Legal and Compliance
3 people
Human Resources and Administration
3 people
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Funding Insights of Potbelly
Potbelly has successfully raised a total of $58M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Post-IPO - Potbelly | Valuation |
investors |
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| Jun, 2006 | Amount | Private Equity Round - Potbelly | Valuation |
investors |
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| Feb, 2006 | Amount | Private Equity Round - Potbelly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Potbelly
Potbelly has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include American Securities, Privet Fund Management and Oak Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are made in disruptive growth companies.
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Founded Year | Domain | Location | |
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Early-stage tech and life-sciences firms are funded across the US.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Potbelly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Potbelly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Potbelly Comparisons
Competitors of Potbelly
Potbelly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Burger King, Cracker Barrel, First Watch, YUM! Brands and Restaurant Brands International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Burgers and fast food are served by a restaurant chain.
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| domain | founded_year | HQ Location |
A chain of limited-service restaurants is operated nationwide.
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| domain | founded_year | HQ Location |
A chain of limited-service restaurants is operated nationwide.
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Quick-service restaurant brands are operated on a global scale.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Potbelly
Frequently Asked Questions about Potbelly
When was Potbelly founded?
Potbelly was founded in 1977 and raised its 1st funding round 24 years after it was founded.
Where is Potbelly located?
Potbelly is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Potbelly?
Alan Johnson is the current CEO of Potbelly.
Is Potbelly a funded company?
Potbelly is a funded company, having raised a total of $58M across 4 funding rounds to date.
How many employees does Potbelly have?
As of Dec 31, 2024, the latest employee count at Potbelly is 5,000.
What is the annual revenue of Potbelly?
Annual revenue of Potbelly is $462.6M as on Dec 31, 2024.
What does Potbelly do?
Potbelly Sandwich Works was established in 1977 in Chicago, Illinois, within the quick-service restaurant sector. Sandwich-focused outlets are owned and operated across 26 U.S. states, while 12 franchised locations are maintained in the Middle East. Operations center on providing accessible dining services, with the headquarters situated in the United States.
Who are the top competitors of Potbelly?
Potbelly's top competitors include Burger King, Cracker Barrel and First Watch.
Is Potbelly publicly traded?
Yes, Potbelly is publicly traded on NASDAQ under the ticker symbol PBPB.
Who are Potbelly's investors?
Potbelly has 6 investors. Key investors include American Securities, Privet Fund Management, Oak Investment Partners, Maverick Ventures, and Waveland Investments.
What is Potbelly's ticker symbol?
The ticker symbol of Potbelly is PBPB on NASDAQ.