With less than 48 hours until its equity crowdfunding campaign on Crowdcube comes to an end, food delivery platform Feast has successfully secured its initial 150,000 funding target from over 300 investors.
As previously reported, Feast originally launched in the UK in 2015 to deliver food to the hungry in London at all hours. According to its website, the company was started with the founder on an old Dutch bike and a 24-hour bakery. It now has more than 40 restaurants on its platform and its making 2,500 deliveries each month. Founder Simon Pusey recently revealed he and his team want to expand the delivery area to reach even more customers.
“We’re working with some really great restaurant chains including VQ, Balans and Maroush, allowing late night Londoners to order a wide range of food until 5am. Currently only people in central London can order from us so we’d like to expand our delivery radius to reach more residents.”
After the company secured its initial funding target, Pusey stated:
“A big thank you to everyone who’s joined us on this journey and helped us hit our target. We’re all really excited about the future and it’s great to have so many passionate/proactive people backing us. Like we’ve hopefully shown during the campaign we want to keep everyone updated as we progress, so we’ll be sending monthly reports of our growth and other relevant pieces of news.”
Funds from the campaign will be used to expand Feast’s platform. The company also intends on using a portion of the crowdfunded offer to be spent on their B2B side of the business which focuses on disrupting the way hotels do room service. The campaign will close on Friday.
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