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Tossed secures £1.5m of investment from Santander

17 May 2013 by
Tossed secures £1.5m of investment from Santander

Fast casual chain Tossed has secured £1.5m of extra investment, this time from bank Santander.

The funding follows the management buyout of Beringea in April 2013, led by Vincent Mckevitt, Tossed's founder and managing director, and Neil Sebba, financial director.

Tossed operates 11 stores in and around London, offering a range of healthy freshly made-to-order foods.

The business has plans to open at least another eight stores in the coming 12-18 months, focusing on London.

Its flagship store reopens at Westfield London this weekend after refurbishing, with a new design and menu, whilst its latest store opened at Houndsditch, London EC3 this week.

The Growth Capital team of David French and Harry Dryden led the deal for Santander with support from their corporate bank and asset finance teams.

Commenting on the deal, Neil Sebba said: "This has been possibly the busiest few weeks we have ever had as a business, but we are really excited about what comes next. With supportive financiers around the table we are ideally positioned to seek out new stores and offer our people some exciting new opportunities. I would like to thank David, Harry and the team for their tireless hard work in making this happen. We have been working with them for some time, and they have delivered on exactly what they said they would on day one."

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