Zillow and T-Mobile CEO's Invest $15 Million in Seattle's MOD Pizza

Seattle's MOD Pizza franchise just hit the pepperoni payload after closing an investment deal for a hefty $15 million.

As Geekwire reports, Zillow CEO Spencer Rascoff, T-Mobile COO Jim Alling and Madrona Venture Group’s Matt McIlwain and Paul Goodrich all jumped in on the investment, hoping to see a profit on the franchise's upcoming national expansion of over 100 stores.

The chain, founded in Seattle in 2008 by the former owners of Seattle Coffee Company, currently has 16 locations on the West coast.

Meanwhile, Seattle's pizza community is still struggling after the loss of Capitol Hill's Piecora Pizza.

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