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Global F&B investment and brand development

Building restaurant
brands
across markets.

Tomato Capital connects proven food and beverage brands with capital, operating resources, and local partners — from the United States to Southeast Asia and beyond.

Tomato Capital headquarters brand facade
TOMATO CAPITAL · BEIJING
GLOBAL PLATFORM

China · United States · Southeast Asia · Beyond

U.S. PRIORITY PROJECTSWallaceMomo's BakeryMIXMIAYONNYTamKoKo

01 / United States

Priority projects with
global ambition.

Tomato Capital works with restaurant brands that have established an overseas operating presence or made their international plans public. Brand rights and territory availability are reviewed for each project.

02 / Southeast Asia

Local formats.
Distinct identities.

A second project layer shaped for local tastes and operating realities. Each concept keeps its own visual language and route to market.

03 / Regional focus

Global reach,
market by market.

We prioritize real operating conditions over one-size-fits-all expansion. The United States leads our current overseas work; China appears last as the headquarters and ecosystem base.

01

Primary focus

North America

United States-led cooperation across operators, area development, real estate, capital, and market-entry resources.

02

Regional portfolio

Southeast Asia

Selected concepts are developed around local tastes, formats, operating realities, and qualified regional partners.

03

Partner-led exploration

Global markets

Opportunities are evaluated by brand readiness, local capability, territorial arrangements, and a practical route to market.

04

Headquarters & ecosystem

China

Our restaurant industry network, founder community, research, consulting, and supply-chain resources connect global work back to China.

04 / China portfolio

The track record behind
our global work.

Our overseas work is built on years of focused investment and close collaboration with restaurant founders in China. These selected investments reflect the depth of our industry network and operating perspective.

Selected investment

Banu Hotpot

A premium hotpot brand known for its product focus, operating discipline, and distinctive category positioning.

Selected investment

Jixiang Wonton

A scaled wonton chain with a broad domestic store network and an everyday-meal format.

Selected investment

ChaPanda

A publicly listed freshly made tea brand with nationwide consumer recognition.

Selected investment

MIXMIA

An Asian noodle brand built around wok-tossed and mixed noodles, efficient operations, and high-frequency dining.

Selected investment

Chef Fei

A leading Hunan cuisine brand known for its signature spicy stir-fried pork.

Selected investment

Advance Bakery & Dairy

A bakery and dairy enterprise focused on fresh products and on-site production.

Selected investment

COMMUNE

A full-service restaurant and bar brand combining food, beverage, and social occasions.

Selected investment

YONNY

A fast-casual suancai fish (pickled mustard green fish) brand with a focused signature product and scalable format.

Selected investment

Grandpa Xiong Dumplings

A value-led dumpling chain centered on fresh, handmade preparation.

05 / The platform

More than capital.
An industry ecosystem.

Tomato Capital is headquartered in Beijing and dedicated to the food and beverage industry. We invest across restaurant brands, supply chains, and agri-food technology, combining capital with deep sector resources.

01

Industry intelligence

Deep restaurant-sector research and market understanding through Narrow Gate Insights.

02

Founder network

Long-term relationships with restaurant founders and operators through Narrow Gate Academy.

03

Operating resources

Connections across supply chain, talent, real estate, and market-entry services.

04

Capital & strategy

Patient capital and strategic support built around sustainable store-level performance.

A team discussing strategy around a shared tableTOMATO CAPITAL · FOOD & BEVERAGE ONLY

06 / Mission, story & commitment

We back the people building the next generation of restaurant brands.

Our mission is to discover and support visionary restaurant entrepreneurs, then help proven concepts move from local success to durable, multi-market growth.

Our story

Our work grew from a deep, long-term focus on the restaurant industry and the founders shaping it.

Our vision

Build an enduring bridge between exceptional restaurant brands and the markets ready for them.

  • 01 Responsible market entry
  • 02 Disciplined partner selection
  • 03 Respect for local customers
  • 04 Sustainable store-level performance

07 / Start a conversation

Bring us your
market.

Share your target region, company background, operating experience, available resources, and preferred category or brand.

01

United States · Southeast Asia · Global

Overseas cooperation

Primary global contact

Marc Mushkin CFE

Global Chief Development Officer

marc.mushkin@tomato-capital.com

Additional partnership contact

Lin Pan (Zoe) lin.pan@tomato-capital.com
02

China · Headquarters

Brand & ecosystem inquiries

China

China-based inquiries will be routed through the same partnership entry point.

Contact the team