Mercate Metropolitano, a London-based food hub, has achieved its crowdfunding campaign’ initial £400,000 funding goal on equity platform Seedrs. Mercate Metropolitano is described as a new, sustainable and inclusive food hub with the allure of a farmers’ market. The hub revealed:
“Mercato Metropolitano represents a revival of traditional street food market with an Italian soul within the UK and beyond. The current London location has already attracted an estimated 590,000 people* through its doors since November 2016 to July 2017.”
Mercato Metropolitano also claimed that its concept is proving popular because it offers visitors a destination for friends to enjoy a range of highly-curated Mediterranean street food, artisan groceries to take home, and inclusive entertainment that features an immersive cinema offering as well as local live music.
“Ultimately, we are developing a sustainable business model which celebrates food as an important catalyst for conviviality and social cohesion, in a quest to help build inclusive local communities, contribute to economic development and help with the regeneration of declining urban areas. The FT recently listed Mercato Metropolitano as one of the five best London night markets.”
All funds from the Seedrs funding round will be used to continue Mercato Metropolitano’s expansion and growth. The hub is currently offering 5.40% in equity with a £7 million valuation. The campaign is currently set to close later this winter.
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