Tossed seeks 10th anniversary crowd funding
The company is seeking to raise a minimum of £750,000 on crowd funding platform Seedrs as it seeks to expand globally.
Tossed founder Vincent Mckevitt said, “There is something very exciting about inviting existing guests, and guests of the future, to actually be part of our growth story.
”We believe there is a place for a healthy food operator amongst the big players in the food industry, and that Tossed should be that challenger brand. By increasing store numbers, we will reach a wider market and offer a healthy choice to more people. We’d love for you to be a part of that journey.”
Jeff Lynn, CEO and co-Founder of Seedrs, said, “Tossed is widely admired for its vibrant, eye-catching stores and healthy food and beverage offer.
”We are delighted to be hosting the campaign, and we’re excited to see their guests, fans and partners jump on board to be a part of their exciting growth plans.”
Tossed will use the funds raise through the new issue of ordinary shares to accelerate its store opening programme, targeting high street, retail and motorway locations in London and the South East, whilst it continues to seek to expand internationally.
Tossed have told us that the fundraising will be in exchange for 5.5% of the company and that they plan to open three of four stores directly with the money, and plan to grow the business to 36 owned stores and the same number of franchises by 2019 with the fund raising together with cashflow and ongoing support from Santander.
The business has already secured 24 sites, including six motorway service stations and three in Dubai.
