Sessions Market announces £7.3m Series A raise

By James McAllister

- Last updated on GMT

Sessions Market announces £7.3m Series A raise

Related tags: Sessions Market, Dan Warne, Funding, Street food, Food Hall

Food hall operator Sessions Market has raised $10m (£7.3m) in Series A funding.

The group, which was founded in 2020 by former Deliveroo managing director Dan Warne and is backed by Imbiba, says it will use the investment to open two more food halls in 2022; set up a 'one-of-a-kind food studio' that's 'designed to pair aspiring restaurant founders with world-class culinary support'; and expand its team.

Sessions fully opened its first community-focused food hall last year on Brighton seafront, and set out plans​ to accelerate its growth at the time.

It also announced it had secured investment from Perscitus and appointed Sourced Market founder Ben O’Brien as chief operations officer.

The latest funding round was led by Guinness Asset Management, and the financing also saw participation from Jon Moulton's private investment vehicle to which Perscitus acts as consultant.

As well as its food hall business, the company currently has a network of more than 50 cloud kitchens nationwide, where customers can order from the range of food brands that Sessions has partnered with.

Sessions adds that the investment will allow it 'to continue helping aspiring food founders scale their businesses', with an aim of partnering with 15 more chefs and opening 500 more kitchens within the next 12 months.

“We are proud to take investment from such a forward-thinking, collaborative fund as Guinness," says Warne.

"Our purpose is to be a voice for the independents, championing change and empowerment, and it’s great to see our new partners entirely bought into that mission.”

Related topics: Business & Legislation, Street Food

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