Incipio Group set to expand after securing investment

Incipio Group, which operates venues including London's Pergola food courts, has outlined its expansion plans for the next two years after securing new investment.

The company said it had a ‘healthy pipeline' of new venues due to launch in 2022 and 2023 across London, with two sites expected to open in September.

Incipio Group's six bar and restaurant sites in the capital include the Prince in West Brompton and Lost in Brixton, which let guests order from multiple food and drink traders.

It opened Pergola on the Wharf in the former Giant Robot street food market site in Canary Wharf last year.

The company said trading levels were now "well above" pre-Covid levels, with the group welcoming almost 500,000 guests to its venues last year.

Its expansion plans follow the completion of a private placement of secondary shares led by Bosham Capital Advisors (BCA).

The transaction represents the final tranche of shares sold by co-founder Charlie Gardiner, who will exit the business as non-executive-director and focus his energies on a new education venture in West London.

Incipio previously received backing from hospitality and leisure investor Edition Capital in 2017.

BCA said it was keen to invest to help "realise the significant growth opportunity that exists for this popular destination group".