Canteen Collective launches £400,000 investment campaign

By Joe Lutrario contact

- Last updated on GMT

Canteen Collective launches £400,000 fundraising campaign

Related tags: Canteen Collective, Coffee, crowdfunding

Sustainably-minded coffee and restaurant group Canteen Collective is looking to raise up to £400,000 in a bid to double its current turnover of £2.5m.

Founded in London’s Notting Hill in 2019, Canteen Collective now operates a further two sites in London and a site near Sevenoaks, Kent. 

Canteen Collective is hoping to raise a minimum of £250,000 on the Crowdcube platform but is understood to also be looking for investment from other sources.

The group plans to use some of the funds from its latest investment round to open two new locations in London next year.

Canteen Collective says it is already working with a number of sustainable landlords to identify suitable locations that would complement its brand.

With Canteen Collective managing external catering and coffee sales at a number of major events and festivals, additional funds will also go towards growing its presence within that market.

The company will also further invest in its B2B coffee sales and e-commerce.

The brand is focused on artisan coffee but also offers an eclectic food menu that includes ‘paratha da wrapper’ (paratha, fried egg, nduja sausage, salted ricotta, gooseberry and three corner leek); and onkyamaki fritter (Japanese savoury pancakes, smashed avocado, outdoor rhubarb kimchi, kewpie mayo, onomaki sauce and toasted sesame).

“Canteen Collective was founded as a triple bottom line company committed to people, produce and the planet. This is a core aim of the business that sits at the heart of everything we do. Our growth plans are entirely focused on expanding this mission, enabling the business to do more to promote sustainability while offering customers a great dining and socialising experience within our venues," says founder Tim Grant.

“We’re delighted with the progress of the business which, despite the challenges of Covid, has been phenomenal and we are determined to achieve more on the back of this investment round. With a growing demand for high quality, ethically sourced food and drink and rising consumer expectations over hospitality providers committing to sustainable practices, we believe there is huge scope to expand the Canteen Collective brand across London, the South East and beyond.”

At the time of writing £227,494 has been raised by a total of 42 investors​ but £199,966 of those funds had been raised prior to the launch of the campaign. 

Related topics: Casual Dining

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