COMMUNITY | Staff Reporter, UK

Grind surpasses crowdfunding target

They returned to Crowdcube to fund their next expansion stage.

Grind has surpassed its crowdfunding target of £1.3 million, after announcing its return to the Crowdcube platform.

As of press time, the chain has raised over £2.3 million through over 850 investors.

This raise marks Grind’s third and final planned raise on the Crowdcube platform following its £1.3m bond in 2015, and £2.1m equity raise in 2017.

Grind also announced they have secured two further restaurant-bar locations in Southbank Grind, which will open in this year's fourth quarter and Canary Wharf Grind, set to open in the second quarter of 2020.

They also announced their first three franchised locations with travel franchise partners SSP in London Bridge Station, Waterloo Station and Victoria Station which all open in the next few months, taking the group to 16 locations within the next 18 months.

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