Entrepreneurs and start-up businesses have been urged to consider crowdfunding websites to fund their new companies, rather than just relying on traditional investors or venture capitalists. New research into crowdfunding from the UCL School of Management claims that listening to investors at the start of a new business ‘can make the difference between success and…
London’s ‘healthiest’ bar brand raises £300k to fund expansion push
One of London’s healthiest hospitality brands, Redemption Bar, has achieved its crowdfunding campaign target via Crowdcube. The campaign launched in mid-March, with the aim of raising £300,000, the equivalent of 10.71% equity. Money raised will go towards the opening of two new sites – one in Covent Garden and the other at Southbank Place, with…
Tossed directors invest cash into innovative restaurant payments start-up
Directors of healthy eating chain Tossed have sunk an undisclosed amount of cash into an early-stage cashless payments firm, as part of a £300,000 crowdfunding round launched last month. Tossed founder Vincent McKevitt and financial director Neil Sebba have backed Thyngs, a mobile technology platform that turns any physical object into an instant point of…
Pioneering kitchen rental firm attracts 112 investors as it smashes funding target
Startup firm Kitchup, one of the UK’s first online-based marketplaces for kitchen space, has reached the end of its crowdfunding drive having exceeded its target investment. The London-based outfit surpassed its £100,000 crowdfunding target to help fund the expansion and development of its technology. The equity campaign on Seedrs, which has now closed, raised a total of £108,855…
Firm behind ‘Airbnb for kitchens’ closes in on £100k funding target
A company that matches underused commercial kitchens with food businesses is two-thirds of the way to reaching its target of £100,000 to help fund the expansion and development of its technology. London-based start-up Kitchup has launched an equity crowdfunding campaign on Seedrs that will determine how quickly it can scale its business. As of this morning, it had…
Veggie burger outfit raises £300k to kit out first permanent site
An artisan veggie burger company has smashed its crowdfunding target and will use the cash it has raised to open its first permanent restaurant site. The Vurger Co turned to Crowdcube at the start of this month in an effort to raise £180,000 in exchange for 23.08% of its business. It surpassed that objective in…
Husky supplies the refrigeration for TV chef’s crowdfunded restaurant
Husky Refrigeration has supplied the cold storage equipment to renowned TV chef Paul Foster’s crowdfunded restaurant. SALT, a ‘stripped back’ fine dining establishment, will open later this month and is one of only a handful of crowdfunded restaurants in the UK. The launch of the restaurant, which will be in Stratford, is supported by a…
Meatcure targets Britain’s 500 provincial towns as it seeks funds for new projects
Meatcure, the growing Midlands-based team inspired by New York’s Meat Packing District, is seeking backers to be part of their next five restaurant openings. The chain’s campaign through equity crowdfunding platform, Seedrs, is inviting backers to help them raise £350,000 and take the vast choice and dynamics of the street food generation to market towns…
World’s first 3D printed food cafe seeks funding
A designer with a love of food is raising money to launch the world’s first 3D printed food café in the UK. The innovative project is the brainchild of Martin Furze, who has turned to the Kickstarter crowdfunding platform to finance the creation of ‘SCOFF3D’. The cafe is aimed at providing a unique catering service…
Chain closes funding campaign a month early after smashing target
Aussie coffee and food group Beany Green has closed its Bondi Bond 38 days early, raising £800,000 via Crowdcube in just under a week. As reported by FEJ earlier last week, the firm had launched the bond to fund its ambitious expansion schedule, but the response was so strong that it has hit its target with…
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