Grind set for third and 'final' crowdfunding drive

By Sophie Witts contact

- Last updated on GMT

Grind set for third and 'final' crowdfunding drive

Related tags: Coffee, crowdfunding, Restaurant

London coffee, bar and restaurant group Grind is to launch its third round of crowdfunding this Friday (8 March).

The company, which has opened nine sites since 2011, will return to Crowdcube to support its next stage of expansion.

Grind says it has several confirmed central London openings in the pipeline, and plans for this to be its last funding drive on the platform.

The company has not announced a target for the upcoming crowdfund, though it previously raised £1.3m on Crowdcube in 2015,​ and a further £2.1m in 2017.

The latest funding round will allow members of the public to buy shares in the company for the second time.

“We’ve got a huge amount lined up for the next eighteen months, and couldn’t be more excited to be announcing our return to the crowd, and I can’t wait to share the news of all the exciting openings we have planned on Crowdcube next week,” says David Abrahamovitch, founder and CEO of Grind.

Grind will launch its tenth site, and first restaurant in the City of London, at the Broadgate Circle scheme in April.

It also signed a deal with SSP​ to open in travel hubs across the capital in 2017, with a site planned for London Bridge station.  

Related topics: Business & Legislation

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