Less than a month after launching its equity crowdfunding campaign on Invesdor, restaurant brand Friends & Brgrs has finished its funding round early ( the original closing date was December 20th) with nearly €1 million secured.
The restaurant uses fresh ingredients while preparing all foods in its establishment. Friends & Brgrs also noted that it avoids additives/preservatives whenever possible and all of its ingredients are sourced from known and trusted suppliers. The co-founders, Peter Fagerholm, Saul Mäenpää, Kaj Fagerholm, Sebastian Östman, Rasmus Östman, and Ole Snellman, previously stated:
“We started Friends & Brgrs for people just like you. People who like great burgers. People like us. That’s why we bake our own buns, triple-cook our fries and grind the meat ourselves. We use the best ingredients we can find, and buy them from people we know and trust. No shortcuts and no compromises. There are easier ways to make burgers and fries, but not better.”
Friends & Brgs is currently planning to expand its restaurants in larger cities throughout Europe. It wants to open 2-3 new establishments per year in the coming years. The co-founders added they have chosen not to franchise, commenting that the company believes the best way to secure quality is by controlling the operations itself. Lasse Mäkelä, CEO of Invesdor, shared his thoughts on Friends & Brgrs crowdfunding success and added:
“Last week I said that Friends & Brgrs was one of our fastest sprinters in a while, and boy, was that true. The offering was oversubscribed on Monday, so it reached its €990k goal having only been public for a week! Huge congratulations to the Friends & Brgrs team and their new shareholders! Friends & Brgrs definitely understood the nature of crowdfunding and made the most of their campaign.”
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