The father and son-run restaurant group – which claims to lead the fight against ‘average, tasteless meatballs’ – will use the funding to open a new venue in Leeds.
The duo are also planning to launch a fourth venue in an unconfirmed location.
It comes after the company extended its crowdfunding campaign by two weeks after receiving a ‘significant investment’ from a former customer in March.
Writing on its Crowdcube page the group said: “If McDonald's can grow to the size it is by flattening a meatball, just think of what could we can achieve, with your help, by making them round again!
“We're not promising a McDonald's-like empire, but we do think there is massive potential ahead of us!”
Yorkshire Meatball Company was founded by father and son team David and Gareth Atkinson in 2014, and currently runs two restaurants in Harrogate and York.
It allows diners to choose from a selection of 'balls' (meat, fish or veggie), blankets (sauces) and 'beds' (sides).
A selection of 'Sweet Balls' - including brownie and cheesecake - are available for dessert.
The group’s Crowdcube page will continue overfunding until tomorrow.
At the time of writing the page has raised over £109,000.