Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Nuno Mendes' Viajante fails to reach £1.75m funding target

07 January 2016 by
Nuno Mendes' Viajante fails to reach £1.75m funding target

Chef Nuno Mendes' plans to open a new Viajante restaurant in autumn 2016 are under threat after the project failed to meet its £1.75m online funding target within its allotted time.

The Portuguese chef launched the crowdfunding campaign on investor website Seedrs in November 2015, aiming to raise the sum to help him open the new site in a Victorian warehouse in Wapping. Mendes has now left the website, which has now removed the Viajante page, and is reportedly seeking investment from elsewhere.

Set to give investors a 33.3% stake of equity in the venture, the minimum investment available for the new venture was £10, with Mendes' own website stating that the average amount had been at £2,600. Other rewards included priority booking and free private dining, depending on the amount invested.
The chef had advertised the campaign via an online video, in which he said the project would add "colour, creativity and another dimension to the London restaurant scene", and "had the potential to become one of the best restaurants in the world."

Mendes closed the original, Michelin-starred Viajante in London's Bethnal Green in January 2014 before helping to open the restaurant at André Balazs' Marylebone site Chiltern Firehouse soon after. He admitted at the time that he was "sad" to be closing Viajante and was looking forward to reviving the concept.

Commenting on the failure to reach his target, Mendes today stated: "The crowdfunding campaign was an exciting platform to measure peoples' appetite for Viajante. While we did not reach our ambitious target, it has provided such international awareness for the project that we are now exploring other exciting avenues of investment. More updates [are] to follow in the near future."

Nuno Mendes plans Viajante revival through £1.75m crowdfunding scheme >>

Nuno Mendes leaves Michelin-starred London restaurant Viajante >>

Chef Nuno Mendes to open new restaurant >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking