Tagged: restaurants

New Crowdfunding Platform Launches to Connect Accredited Investors with Restaurants

Equity Eats

Seeking to help connect restaurateurs with investors, a group of Washington D.C.-based entrepreneurs launched their very own equity crowdfunding platform, known as Equity Eats, on Monday (October 27th), to become the ultimate platform for restaurant campaigns. According to the Washington Post, Equity Eats offers four Washington-based restaurants concepts, giving culinary entrepreneurs a platform to raise… Read More

Popular Social Platform Twenty Something London Seeks £160,000 Through Crowdcube Equity Crowdfunding Campaign

Twenty Something London 1

Twenty Something London, a popular online platform that showcases the independent businesses of London, has launched an equity crowdfunding campaign on Crowdcube to raise £160,000 to revamp and expand its popular website. Those who help fund the project will receive 7.40% in equity. The platform’s key mission is to bring every major city’s independents to the fingertips of… Read More

Chilango’s £2.16 Million in Burrito Bonds (Infographic)

Chilango Mini Bond Successfully Funded

Investment crowdfunding platform Crowdcube has created a cool infographic sharing some insight into the first mini-bond ever to be offered online.  Chilango, a hugely popular London restaurant chain, launched the mini-bond offering earlier this year to lead the way.  Dubbed the “Burrito Bond” the securities offer raised £2.16 million while ushering in a new type… Read More

Chilango Burrito Bond Offer Closes at £2.16 Million on Crowdcube

Chilango Mini Bond Successfully Funded

Largest Amount Raised for Single Offer Ever on Crowdfunding Platform Crowdcube. London based Mexican restaurant group Chilango has completed its mini-bond campaign that came to be known as the “Burrito Bond”.  Crowdfunding on Crowdcube, the Burrito Bond raised £2,160,000 from 749 investors.  The security will generate an 8% return over a four year term.  … Read More

Chilango “Burrito Bond” Beats £1 Million Goal, Now Overfunding

Chilango Burrito Bond Success

The Chilango “Burrito Bond” has trotted past their £1 million funding goal in “mini-bonds” and is now over-funding.  As of this writing the debt based crowdfunding campaign on Crowdcube stood at £1,073,500 funded by 318 investors.  This is the second successful mini-bond offering from the UK based Crowdcube. The first was River Cottage; an offer for £… Read More

Brief: Burrito Bond is Hot on Crowdcube

Chilango Burrito

Crowdcube’s very first min-bond offering from London based Mexican food chain Chilango – dubbed the Burrito Bond – has rocketed out of the gate.  The security offering quickly leaped past £350,000 ($590,000 USD) raised as it sprinted towards the £1 million final goal.  The bond offering was just announced earlier this week. According to an… Read More

A Kickstarter-Funded Restaurant Won A Michelin Star Four Months After Opening

the musket room

Getting a Michelin Star can be one of the great pinnacles of success for any chef. A Manhattan restaurant called The Musket Room won the award just four months after opening, and Kickstarter played an important role in the opening of the establishment. No, it wasn’t the only funding source; the restaurant was self-funded with… Read More

Kickstarter Crowdfunded Restaurants

Superior Motors Restaurant

Kickstarter has crowdfunded 323 restaurants according to their own count (when I searched I came up with 329).  We have all read about the vast array of restaurant campaigns but team Kickstarter decided to put something together that was a bit more representative.  So they leveraged Google’s Maps Engine and created a visual display of… Read More

FundaFeast: First Crowdfunding site for Anything & Everything Food Related

FundaFeast Peppers

Foodies rejoice.  There is finally a crowdfunding site just for you.  FundaFeast, scheduled to launch on February 1st,  describes their platform as the first crowdfunding site for “anything and everything food related”. Recognizing there are a lot of great crowdfunding platforms funding just about anything, founder Cheryl Clements felt there was sufficient demand to launch her… Read More

Brief: BBC Reports on Crowdfunding (Video)

Gem Misa Righteous

“Although the past year saw crowdfunding come of age, in 2014 regulators in Europe and the US are set to bring in rules for this new era of internet investing.” The Financial Conduct Authority (FCA) is prepping new rules for the crowdfunding industry where they want to come up with regulations which are “proportionate, that… Read More

On Indiegogo: Diners, Drive-Ins And Dives Alum Krazy Jim’s Blimpyburger Seeks New Location

blimpyburger

Krazy Jim’s Blimpyburger has been a staple in Ann Arbor, Michigan for decades. The burger joint has been feeding students at the University of Michigan since 1953. Current owners Rich and Chris Magner met while working at the restaurant in the 1970’s. It was even featured on Guy Fieri’s Food Network television show Diners, Drive-ins… Read More

City Superwoman Nicola Horlick Now Crowdfunding London Restaurant

Dessert Food

Nicola Horlick is back on Seedrs again but this time she is crowdfunding a London Restaurant – Times Place Brasserie. This follows her first go at crowdfunding on Seedrs where she funded her startup, Glentham Capital, an off shore company which was set up to provide financing for Hollywood films. The Glentham project which offered… Read More

Crowdfunding News Roundup: November 3, 2013

crowdfunding-news-roundup

True PC Gaming | TPG Asks About: Crowdfunding Recently the staff writers at True PC Gaming shared their thoughts on crowdfunding as a way to fund and finance video games. What transpired is a pretty fascinating discussion of the risks of rewards-based crowdfunding. WPRO 630 | Convicted Mobster Turns to Crowdfunding to Open NJ Restaurant… Read More

Convicted Felon Angelo Jenaro Lutz aka “The Kitchen Consigliere” Crowdfunds Restaurant

Kitchen Consiglieri Angelo Lutz

“Fat Ange” is a convicted felon.  Angelo Jenaro Lutz, his given name, was a former mobster who spent 7 years in prison on federal racketeering charges who was released in 2008.  When he was convicted he weighed in at 450 pounds.  It has been reported he weighed an enormous 500 pounds upon his release. His… Read More

Travail Doubles Goal For Two Minnesota Fine Dining Restaurants

travail

Travail is an innovative fine dining restaurant in Robbinsdale, Minnesota. Response to the restaurant has been so positive that the establishment quickly outgrew its original digs. Now the four-man team behind Travail has taken to Kickstarter to fund kitchen equipment for their new location, and the campaign has almost doubled a $75,000 goal in just… Read More

More restaurants getting a kick start from crowdfunding

san francisco

Using Kickstarter to crowdfund new San Francisco restaurant and food projects is officially a thing. Just this week, Linea Caffe launched a project seeking $10,000 to open a new coffee and waffles joint in the Mission, while Café St. Jorge, another café-bakery, hopes to raise $30,000 by the middle of next month. Sandbox Bakery in Bernal Heights… Read More

Crowdfunding catches on in Atlanta Restaurants

Food - Photo courtesy starkenburgphotography on Flickr

The internet age has changed a lot of things about the restaurant industry, like the immediate public feedback from crowdsourced review sites like Yelp, to online ordering, the rise of food bloggers…ahem… and the connection restaurant owners can make with patrons through social media like Twitter and Facebook. And another information-age invention is continuing to… Read More

Foodstart: Crowdfunding for Restaurants

City Cafe Durham North Carolina on Foodstart

Foodstart.com Launches New Restaurant Financing Platform. Foodstart.com, the first crowdfunding site designed just for the food-and-beverage industry, opened its virtual doors today.  Restaurant and food truck owners now can raise capital online in small increments from their extended community of friends, family, and future customers. Only instead of a cash return, backers receive perks and… Read More

Do Businesses Rely on Kickstarter, Crowdfunding Too Much?

Katie's Pizzeria on Kickstarter

Clayton and Maplewood businesses have discovered crowdfunding—fundraising that utilizes public support rather than traditional investors—and are making it work to their advantage. The tactic is generally used by artists and community groups to raise funds for new projects. This month fans of the canceled show Veronica Mars raised $2 million toward shooting a new movie in just one… Read More

Undeterred By Critics, Taco Punk Kickstarter Campaign Continues

Taco Punk Restaurant Kickstarter

Gabe Sowder’s first year as chef and owner of Taco Punk was rough. But Sowder has hope — and thousands of dollars worth of faith in the customers who have kept Taco Punk afloat. Sowder launched a Kickstarter campaign Wednesday to raise $20,000 by Feb. 22 for his Mexican fast-casual restaurant on East Market Street in the… Read More