London-based barbecue restaurant group Porky's BBQ has raised £100,000 of its £650,000 crowdfunding target on Crowdcube after officially launching yesterday.
The campaign has so far received £102,020, 15% of its target, from 13 investors. The largest investment has been £88,000. Although the campaign officially launched yesterday, private networks and customers were able to invest slightly earlier.
The company, founded by Simon and Joy Brigg, is turning to Crowdcube to raise the money to expand its business beyond five existing sites in Camden, Shoreditch, Bankside, Crouch End and Chelsea. It hopes to open two more sites this year in and around London.
The investment opportunities range from £20 for a free pulled pork sandwich to A-shares in the company with full voting for investments over £10,000, and an evening hosted by the founders for a £50,000 investment. By welcoming investors into the organisation they hope to triple the size of the business in three years.
The fundraising campaign will last 30 days, with investors being offered 7.5% of the business.
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