pod eyes “organic” expansion, seeks funding
The multi-site has a maximum fund target of £1 million.
Looking to increase in sites, pod is looking to raise at least £200,000 to accelerate the production of new sites and conduct refurbishment.
Founded in 2015, healthy food-to-go brand currently operates from 24 sites in central London, including 2 catering hubs that deliver over 600 meals per week.
“pod believes it has created a solid base for expansion and is issuing a mini-bond (the pod mini-bond) to support organic growth, enhance the existing estate and open new sites that adhere to a demanding new site opening model. The pipeline of potential new sites is growing,” the brand said in their investment profile in CODE Investing.
The brand has a maximum target of £1 million, to which £400k will be allocated to cover the costs of their London Bridge site. Similar to their minimum target, the remaining balance will be used for store refurbishment and to accelerate further openings.
